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Self-moderated thread for discussion of Iota trading and price speculation.
Off topic posts will be removed. Off topic includes any extensive discussion of other coins, promoting other coins, or posting of promotional materials from other coins.
Non-substantive comments such as Iota sucks, Iota is a scam, Iota is great, Iota to the moon, etc. are considered off topic. Every post and reply should add to the discussion. The preceding sentence forbids repetitive exchanges on the same topic without some topical context.
Hostile trolling (which includes but is not limited to use of "meme" pictures to attack or demean) especially by sock puppet accounts is not allowed.
When quoting posts, please remove any large charts or other images unless the quoted post is at least one page old. Please shrink (or remove) large images in replies in all cases.
When I am speaking as the moderator, and only then, I will write in red. Other messages using red text are not permitted.
(I copied this text from Smooth's Monero Speculation thread. Thanks to Smooth!)
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The worth of ETH (and every other alt) is still measured in BTC and not the other way around and that makes BTC the #1 coin, not the market cap which is actually a pretty random number since the amount of freely available ETH is much smaller than the total supply.
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Sounds very interesting. I’d like one authorization token, please. Thank you!
Edit: Thanks, received your token!
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I'm lazy ass shit i took a quick look at shift and bought 500$ of it some time ago now it's worht like 4-5k. Could someone sum it up for me what exactly is it about to convince me to hold it instead of dumpin? Update: if someone sums it up nicely enough for me, i'll give them 10$ worth of shift  Decentralized Web(like maid safe), + decentralized storage (like siacoin), + decentralized smarts contracts (like ethereum and lisk), all in one, but the first to implement IPFS in a really successful way, there are many other features, i mean, this could be HUGE.
No need for the $10 |
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I knew it, whenever brainless Monero FUD peaks, the price ultimately rises.  |
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It would be really sad if Eth would take over since it’s a centralized coin run by Erhereum Foundation which endangers the vision of crypto in it’s core.
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Wow, huge drop. Interesting read: I figured since my original post has been re-posted several times, I would clean up some language and typos in it as well as expand on my fifth point. So here is the update version. Thanks everyone who has shared! Cheers.
Why I believe in Minereum
(Full Disclosure: I have gotten behind this project on a magnitude of 1000s of dollars.)
As I have written about before, assuming the developers follow through, there is a lot to be excited about with this token.
Here are the obvious strengths of Minereum:
First coin to self-mine
Releases in predictable way
Does not require energy
First to create easy token creation service
This will include tokens that use the same innovative self-mining process
Will make Ethereum token use-cases accessible to the masses
Potential world-wide lottery service
Paid into only with Minereum
Increases rate at which Minereum is taken out of circulation
Tokens received from services will be destroyed
Taking them out of circulation and increasing scarcity/value
But there is much that gives me pause for concern. The primary tenants of Ethereum are decentralization and transparency. This project does well to address the former, but severely lacks in the latter. The way the Ethereum addresses are set up with smart contracts, to release tokens at a trickle, with no outside manipulation is spot-on. The idea behind the project is good too, creating a service that will allow the masses to create decentralized tokens for decentralized services. But the elusiveness of the developers is frustrating.
The person behind the domain registration of Minereum.com is anonymous, the updates are vague and few and far between, there is no window into developer communication, there has been no mention of how many addresses the developers have reserved for themselves, there has been no public invitation to the community to test services in development or even a bit of digital evidence to show progress on future services, to name a few.
Even so, I still believe in this project. Here is why.
First and foremost, when the developers do deliver on their promises (assuming they are good products). They are going to be huge. Creating an easy to use service to create tokens will change the landscape of Ethereum and Crypto in general. Minereum in many ways will become a gateway to Ethereum (plus the whole new type of smart-contract-trickle-release-thing).
Second, this token is limited big time. There just isn’t much of it. It doesn’t take that many investors to raise the price. When the developers follow through with their promises, it’s going to head for the moon. This would happen even without the whole destroying tokens used for official Minereum services promise (So that’s like a bonus).
Third, this token is out in the wild. It doesn’t matter what the developers do at this point. A solid algorithm has already been set up and tied to 4000+ Genesis ETH accounts. This token is going to continue trickling into the crypto space for the next 47 years, period. This is true even if the developers do nothing, even if the developers reserved half+ genesis addresses for themselves. The worst that could happen - they slowly sell their stake as it becomes available and someone else buys into the token.
Fourth, we don’t need the developers anymore. The important infrastructure of this token has been built. The tokens are in place, smart contracts have been initiated, the developers built something that can’t be stopped. We have a bonafide working cryptocurrency. WE can build services that only accept Minereum, if we wanted to (well I couldn’t, because I don’t know anything about coding, but you catch my drift). Don’t get me wrong, I want the developers to follow-through, but if they don’t, we can pick up the slack.
Fifth and finally, I don’t think the developers have bowed out yet or will anytime soon because the pay-off simply isn’t big enough for them yet. With such a small amount of Minereum released each day combined with the small market cap, the amount of work put into this token just doesn’t equal the pay-off at this point. The developers have built something that literally locks them out of cheating their followers. Their pay-off only gets better if they deliver. If they sell too much now, the market crashes and they get away with very little. If they wait a little longer to sell so they make a significant profit even though also crashing the market, then they are cheating themselves out of 47 years of price-increase. Even if this is a scam-coin, the scam-artists are playing the long game, they need this token to be a solid mover in the market. Even if the developers have half the addresses reserved for themselves, a lot more work will need to be put into the promotion and reputation of this token before they will be able to sell it at a significant profit and even then they will have to sell slowly. From what I can tell the DNA of this token just wasn’t designed in a way conducive to someone trying to make a quick buck.
I don’t know why the developers don’t open up more channels of communication and avenues of transparency and to be frank, I find it slightly annoying as it seems antithetical to the project. But regardless of our qualms with the way the project is being managed, I think the evidence that this is a legitimate project which will benefit all participants is much stronger than the opposite. This is why I believe in Minereum and think it will succeed in unexpected and hopefully immeasurable ways.
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Monero was at 12$ in the beginning of this year, 15$ in mid March, at 20$ in mid April and is now above 40$. People shouldn't expect senseless pump but stable growth from a successful, solid coin. Monero has grown more than BTC this year and nobody is complaining about BTC.
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I don't see anything so special it their white paper. Most probably just the regular pump and dump technique haha. I don't think that it's worth investing in it better stay away!
Minereum - The first Self Mining Smart Contract and you can watch the price is growing everyday,, if this MNE listed on Bittrex you can see MNE on the TOP 20 cryptocurrency in coinmarketcap I don't think Bittrex would catapult it up to top twenty. But I find their (kind of like NEM 2.0) token distribution interesting. Also, their Ethereum token creation service is unique so far. Or is there any one else doing that? It definitely has some unique attributes. |
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Sometimes there is interesting information. I read here that monero will be 100,000$ in 2030. I bought 10 so in 2030 I will be millionaire. Such a nice thread.  I love people like you - you are a TrueBagholder.  Holding digital gems 14 years, but will be rewared. 10 000 usd XMR price will be sooner than 100 000 usd price. However, nobody knows what is the difference in time zones and there is no models to predict it because it depends on the adaptation. Let's consider btc for instance, it rose from 13 usd to 1200 usd in less than 1 year (approximately 11 months) - almost 100 times. I never could have imagined btc will be worth 1000 usd at some point in near future. If I had, I would be a multimillionaire. I used to appreciate TC's comments. The times they are a-changin'. (Also, your comment indicates that you change horses too often. You probably got out of Monero at the wrong time and looking for a cheap entrance.) |
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Have you read the News . Staking all the coins will Not Happen. A Pump a few days later Just makes no Sense to me.
Yea.. Makes no sense. It's probably a quick pump/dump that the devs have organized. We'll just have to see what happens in the future though. But, right now I sense a pump/dump Is staking their only merit? I thought it was a decentralised exchange? But others probably make that better? |
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When and where is it being traded?
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It's time to get over Fluffygate, anybody still complaining about it is just FUDing and trolling at this point. Monero might have seen less growth this year but it's fundamentals are the top. I wouldn't sell any of my Monero for any other coin. If I'd wanted to invest in other coins, I would use Fiat. Monero is a long time investment and will always have a place at the top while others will come and go because Monero fills a real need and does it better than anybody else.
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The market is not what it used to be. I think people here are looking at it from a standpoint of a a year or two ago where just a few people traded crypto now all kinds of new money is going into crypto, wall street people, gold bugs, even girls I know who didn't or where interested in what a bitcoin was until recently.
Yes, the market has seen an immense grows but the entire volume is still tiny compared to the stock market, some companies are worth more than the entire crypto market. And the prices for bitcoin and altcoins do not represent their worth of today but are an investment into a future which might unfold.
And it looks like there won't be the ONE crypto in the future but many. Of course, a lot of them will go up but will also go down as fast.
Spot on. And recently sources like Bloomberg are talking about the gains of Altcoins. Not surprised if readers are then immediately searching how to buy in. "Cryptocurrency Mania Goes Beyond Bitcoin" https://www.bloomberg.com/news/articles/2017-05-24/cryptocurrency-mania-goes-beyond-bitcoin-as-altcoins-lead-gainsI also don’t agree with the rhetoric that all coins except of BTC are worthless because you can’t pay anywhere with them. You can’t pay anywhere with gold, either. The price reflects what people are willing to pay and you can purchase something with that with by exchanging it first. Just like with gold. The best example is xmr.to where you can make any Bitcoin payment directly through Monero. |
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The market is not what it used to be. I think people here are looking at it from a standpoint of a a year or two ago where just a few people traded crypto now all kinds of new money is going into crypto, wall street people, gold bugs, even girls I know who didn't or where interested in what a bitcoin was until recently.
Yes, the market has seen an immense grows but the entire volume is still tiny compared to the stock market, some companies are worth more than the entire crypto market. And the prices for bitcoin and altcoins do not represent their worth of today but are an investment into a future which might unfold.
And it looks like there won't be the ONE crypto in the future but many. Of course, a lot of them will go up but will also go down as fast.
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If you can't see how manipulated this coins is you probably shouldn't invest
Just out of curiosity, could you explain how this market is manipulated? Its a tiny market cap, so it doesnt take a lot to go up, no? |
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I think their Monero wallet is under maintenance, should be working again soon...
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why you think this altcoins get this big pump?
probably I guess it's just speculation and invest money in a coins with a bigger growth like this is even a big risk.
It offers a unique mining distribution and an one click Ethereum token creation service which afaik nobody else does. Plus the market cap is tiny, the price only so high because of the low supply. But only on one market so far, so perhaps a bit early to get into it. |
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