[XMR] Monero - A secure, private, untraceable cryptocurrency

[smooth]

I want to point something out for those who haven't noticed:

Seems to me there is a strong positive correlation between the negativity behind someone's post and the lack of activity associated with the account. In other words: The more positive a comment is, the more activity that person is likely to have,

and the more negative their comment is, the LESS activity their account is likely to have.

Conclusion: paid trolls are a sign that someone want's the price down.

Secondary conclusion: someone wants cheap xmr and is priming it for a pump.

Third conclusion: buy xmr right now ;]

I think there are competitors who want to trash XMR and have nothing to do with wanting to buy low. But either way the trolls and sock puppet accounts are not to be taken at face value.

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[E66BEN]

It's dead Jim!
Look at all those dumps! Someone buys 7, then someone dumps 700!
Whale unloading his bag?

You realize that every time someone buys 7 it means someone else is selling 7 and someone selling 700 means someone else is buying 700? 100% of the time.

Try again with some valid logic.

When I said buy = buy at the asks,
And DUMP = dump at the buy orders!

And this matters why? I have traded on exchanges and I have often placed sell orders (i.e. the ask) when I wanted to sell reduce my holdings (but not necessarily at this immediate second) or placed buy orders when I wanted to buy.

You have a warped view of how exchanges work where market orders are somehow more important or more real than listed orders. That is false.

Not sure what you're babbling about..  
I'm sure normal people got the message when I said that.. The dumps are causing the price to go down.

[Anon136]

I want to point something out for those who haven't noticed:

Seems to me there is a strong positive correlation between the negativity behind someone's post and the lack of activity associated with the account. In other words: The more positive a comment is, the more activity that person is likely to have,

and the more negative their comment is, the LESS activity their account is likely to have.

Conclusion: paid trolls are a sign that someone want's the price down.

Secondary conclusion: someone wants cheap xmr and is priming it for a pump.

Third conclusion: buy xmr right now ;]

you can't stop the pumps and dumps, pumps and dumps, PUMPS AND DUMPS.

[smooth]

It's dead Jim!
Look at all those dumps! Someone buys 7, then someone dumps 700!
Whale unloading his bag?

You realize that every time someone buys 7 it means someone else is selling 7 and someone selling 700 means someone else is buying 700? 100% of the time.

Try again with some valid logic.

When I said buy = buy at the asks,
And DUMP = dump at the buy orders!

And this matters why? I have traded on exchanges and I have often placed sell orders (i.e. the ask) when I wanted to sell reduce my holdings (but not necessarily at this immediate second) or placed buy orders when I wanted to buy.

You have a warped view of how exchanges work where market orders are somehow more important or more real than listed orders. That is false.

Not sure what your babbling about..  
I'm sure normal people got the message when I said that.. The dumps are causing the price to go down.

The dumps and the price going down are exactly the same thing, viewed from a slightly different perspective. It is like saying that the rain drops falling are causing wet weather.

People are both buying and selling (in exactly the same quantity). They happen to be agreeing to do so at lower prices than they were a week ago. This is not the fault of the sellers exclusively, it is equally the result of the decisions of the buyers to step back a bit and offer only lower prices. Bring in more buyers with the exact same sellers and the price goes up, and vice versa.

Also, there is an even closer connection. When you say that someone "dumps" 700, that means there were 700 worth of buy orders on the book to even make that possible. Without that many buy orders, the same seller might sell his 700, but he'd have to do so over a period of time as a sequence of separate trades. You wouldn't see a 700 dump, but the seller would still be selling. The block sale of 700 is as much evidence of buying interest for 700 as it is selling interest.

[bybitcoin]

Can we stop the whole bullshit about price swings and start thinking and talking about more constructive stuffs??
For example: what is a good strategy for expanding the marketplace and increasing the network effect here?

[E66BEN]

It's dead Jim!
Look at all those dumps! Someone buys 7, then someone dumps 700!
Whale unloading his bag?

You realize that every time someone buys 7 it means someone else is selling 7 and someone selling 700 means someone else is buying 700? 100% of the time.

Try again with some valid logic.

When I said buy = buy at the asks,
And DUMP = dump at the buy orders!

And this matters why? I have traded on exchanges and I have often placed sell orders (i.e. the ask) when I wanted to sell reduce my holdings (but not necessarily at this immediate second) or placed buy orders when I wanted to buy.

You have a warped view of how exchanges work where market orders are somehow more important or more real than listed orders. That is false.

Not sure what your babbling about..  
I'm sure normal people got the message when I said that.. The dumps are causing the price to go down.

The dumps and the price going down are exactly the same thing

If someone dumps 10xmr on a 1k buy order? What happens? Price go down? LOL!

My point is, dumping force is greater than the buying force, and the price is going down.

Also, there is an even closer connection. When you say that someone "dumps" 700, that means there were 700 worth of buy orders on

But will it be able to keep the price at the same price before? If it goes down, that just means buyers can't keep up with the dumps

Every single troll on this thread...has one thing in common.

They're all Newbies with 10 posts and below. Some being just registered.

AKA

they're sockpuppet accounts.

Yup. And you are? A 112 activity level member who has nothing to say but judge a member based on his activity level.
And where are you? On monero thread talking about a newbie with a low activity level

Oh, and what about the newbie? What is he saying?
He's on monero thread talking about monero and what he has observed from the monero price


------------------
They're all dead Jim!
They're no match for Neo
http://www.cyberpunkreview.com/images/matrixreloaded12.jpg

[Jshank]

Can we stop the whole bullshit about price swings and start thinking and talking about more constructive stuffs??
For example: what is a good strategy for expanding the marketplace and increasing the network effect here?

Hello Reason, funny seeing you here.
+1

[darkota]

Every single troll on this thread...has one thing in common.

They're all Newbies with 10 posts and below. Some being just registered.

AKA

they're sockpuppet accounts.

[smooth]

Can we stop the whole bullshit about price swings and start thinking and talking about more constructive stuffs??
For example: what is a good strategy for expanding the marketplace and increasing the network effect here?

+1

Build applications.

Use your imagination. Okay maybe you (not you personally) have no imagination. Look at the first few successful applications for bitcoin and build those.

Right now we have ZERO applications. Anything would be an improvement.

[kbm]

+1

Build applications.

Use your imagination. Okay maybe you (not you personally) have no imagination. Look at the first few successful applications for bitcoin and build those.

Right now we have ZERO applications. Anything would be an improvement.

I'm still looking for news on potential gambling applications. Does anyone have ones they like/know are popular?

I know statdude mentioned I should keep an eye out, but that won't stop me from contacting these people anyways

All anyone has to do is list them and I'll track them down!

[Atrides]

Some users try to mine to the exchange address on DwarfPool with wrong command line.

Please use as username the following line:

Code:

-u EXCHANGE-WALLET.PERSONAL-PAYMENT-ID.777 -p mail@example.com

First, EXCHANGE-WALLET, next your personal Payment-ID getting by exhange, and only after that rig-id if needed.
Mining logins with the exchange wallet without personal-id will be rejected.

The possible combinationen of username in miner for the exchange-address are the following:

EXCHANGE-WALLET.PERSONAL-PAYMENT-ID.777
EXCHANGE-WALLET.PERSONAL-PAYMENT-ID

These logins will be rejected:

EXCHANGE-WALLET.777
EXCHANGE-WALLET

Common use with mining to your wallet:

YOUR-WALLET.777
YOUR-WALLET

As an example, mining to mintpal for rig #5:

Code:

46aaTzGffy6MmCsY7rQ5CdSAbpPHPj5xkf7yDdfDZSs9YWWEvFhSSkjdr2veqC44q8dt3q1egrLdnZ3oecB1JSMF856eDwb.9ywwevfhsskjdr2veqc44q8dt3q1egrldnz3oecb9ywwevfhsskjdr27632a8956.5

Some changes on the pool, if you mine to an exchange, then payment will be from 1 XMR, to your wallet from 0.1 XMR

http://dwarfpool.com/xmr

[AnonyMint]

The Global Police State

Global sovereign debt collapse (which means global wealth confiscation, war, chaos, and descending into the economic abyss).\

So ...are you really saying this will ruin every corner of the globe? if not then what portions are you talking about?
It's just that you keep mentioning Europe and America...but that's all you mention but you keep calling it "global".

So...is it global or is it just Europe and the USA?

The nations of the world are today mostly divided into five categories:

1. Developed country western Marxist socialism, government has 75% share of GDP (ditto Europe but worse as the official data excludes cost of regulation and probably local governments, etc!).

2. Developed country eastern Chaebol & Zaibatsu fascism, government has a moderate (but rising rapidly) (Korea also) % share of GDP.

3. Undeveloped world, "government spending" is very low thus a very low % share of GDP because there is no social welfare system.

4. Oil producing countries in the Middle East that will fall into complete chaos.

5. Exceptions.

For #1, include North America, Europe, New Zealand, but perhaps not Australia.

For #2, we have Japan with the world's highest debt-to-GDP levels as the prime example. Asians (but not Cherokee who descend from European not Asian) are more submissive (my hypothesis is perhaps due to lack of Ice Age impact thus larger populations). Japan has an existential fertility crisis. South Korea is on model peaking.



For #3, we have most of the rest of world.

For #4, include all those recently failed Middle East states and Libya and include all those whose economy is nearly entirely dependent on oil and who have burgeoning populations.

For #5, the exceptions to the above list include small transhipment and financial centers such as Hong Kong and Singapore, also Australia and Switzerland have relatively low government share of GDP for developed countries.

Prognosis

The #1 nations will hunt down all wealth to feed their social welfare obligations. The majority will support this. These nations will cooperate, and the NSA + GCHQ will feed the authorities the data they need.

The #2 nations have massive levels of debt in all sectors and will be induced into a war with China to appease the discontent among their people as their economies collapse into 2016 - 2020. The large corporation model of their economies is attuned to war making as a means of increasing industrial production.

The #3 nations have extremely high levels of corporate debt (China the world's highest) because the 30 year bond bubble in the #1 nations drove investment capital out of the west an into developing world corporate bonds to chase yield. They don't have this social welfare system to feed, thus they don't need to hunt down money for revenue (they can let their corporations go bust and survival of the fittest) so they can collapse quickly and bottom by say 2020. But they will hunt down wealth of those cronies in their governments who have pilfered the coffers. You can see this going on now for example as China fired 900 bureaucrats, Thailand in martial law,  and also the pork barrel scandal ongoing in the Philippines. So these nations need the cooperation of the #1 nations to track down and return the ill gotten wealth their cronies have been offshoring to there. Thus they will in exchange will offer to turn over all #1 nation citizens, i.e. see their cooperation with the FATCA.

The #4 nations are imploding into chaos as they are too dependent on oil, their populations are burgeoning, the corrupt top-down control of wealth has been egregious, etc.. They will implode into complete chaos. They thus may be the best place to hide with your wealth, except that you would be at enormous physical risk of harm.

The #5 nations will see their economies implode when the global economy does since they are so highly leveraged to trade and commodity demand. They are fully on board the global police state. Here are few links to convince you:

http://www.zerohedge.com/news/2014-03-26/hong-kong-goes-swiss-will-disclose-american-worker-financial-data-irs
http://armstrongeconomics.com/2014/06/22/hunt-for-money-tisa-negotiations-leaked-by-wikileaks/


Thus you can see this hunt for wealth will be global. Only the peons in the undeveloping (developing) world are exempt.

Edit: I didn't cover some exceptions that may not fit (not sure as I don't have time to research every one) the above stereotypes, such as Iceland, Bolivia, and Ecuador. Two of those were countries Snowden was interested in for asylum.

[bybitcoin]

I see 3 potential ways:
1- Offering monero to established merchants, resellers.. as a medium of exchange.
2- Making new businesses and apps to let people buy and spent monero, like a poker site, an auction marketplace.. this is a must for any new coin and each of us who is mighty at this, should start..
3- Engaging monero to btc payment points in someway (maybe something similar to veribit could work well.

Not necessary to mention that options 2 and 3 can bring a good revenue for the one who would try first to run them

[smooth]

The Global Police State

Please limit discussion on this thread to comments or questions about Monero. 

[nioc]

I see 3 potential ways:
1- Offering monero to established merchants, resellers.. as a medium of exchange.
2- Making new businesses and apps to let people buy and spent monero, like a poker site, an auction marketplace.. this is a must for any new coin and each of us who is mighty at this, should start..
3- Engaging monero to btc payment points in someway (maybe something similar to veribit could work well.

Not necessary to mention that options 2 and 3 can bring a good revenue for the one who would try first to run them

anything but gamble! it makes everyone lose but the house, not like I can stop them come to existence but just remember, never gamble, its a mental disease, and there a reason casinos are illegal in many places, the internet is already full of sad histories involving compulsive gamblers and bitcoin.

He didn't say casino he said poker.  The house charges a fee, aka rake, but you don't play against the house you play against other players.  Your decisions matter in poker so you can affect the outcome and it's possible to affect it enough to profit even after paying the rake.

The % of problem gamblers is small and the damage done is not as great as what can result from problem drinking.  Do you think we should allow buying of alcohol?

ETA:  The problem in starting a Monero poker site is that you need a significant player base to enable games to consistently run.  There are several btc poker sites but only one that has any significant traffic.

[aminorex]

I will pose - re-post - this question here, where it might get more feedback:

Why would anyone mine XMR for profit now when you can mine QuazarCoin, cash it in, and buy 30% more XMR than you can get from mining?  For that matter, Vertcoin should get you about 100% better return (GPU basis). The only rational reason to mine XMR now is because you want to help build the network - or you are just too lazy to switch coins.  

Can anyone make a rational argument against this claim:  The current hash power is almost 100% enthusiasts, who mine because of confidence, support for XMR.  (They are not  likely to be sellers.)  It makes no sense at all for any botnet to mine XMR for sale.

(Yet the current hash rate is roughly 85% of the historical high.  The depth of support this demonstrates is breathtaking.)

[kulin3422]

where is dev right now?
say something!
Do some acture  work.

[grendel25]

It seems to me that Monero has been the ruler of cryptonight but that eminence is waning as more cryptonight coins deploy.  This makes it appear as though there is really nothing so special about Monero and that any secure and functional cryptonight deployment has just as much utility as Monero.  

The only thing that can really change that are significant events such as greater market share but so far that isn't happening either.  If the current path continues, I wouldn't be surprised to see continued erosion of Monero and expansion of other cryptonight coins as their devs make deals that generate business revenues.  

Of course, this is all speculation and Monero could be terribly undervalued based on deals yet to be seen.  Then again, the same could be said about any of the cryptonight coins right now.

[darkota]

I will pose - re-post - this question here, where it might get more feedback:

Why would anyone mine XMR for profit now when you can mine QuazarCoin, cash it in, and buy 30% more XMR than you can get from mining?  For that matter, Vertcoin should get you about 100% better return (GPU basis). The only rational reason to mine XMR now is because you want to help build the network - or you are just too lazy to switch coins.  

Can anyone make a rational argument against this claim:  The current hash power is almost 100% enthusiasts, who mine because of confidence, support for XMR.  (They are not  likely to be sellers.)  It makes no sense at all for any botnet to mine XMR for sale.

(Yet the current hash rate is roughly 85% of the historical high.  The depth of support this demonstrates is breathtaking.)

Hmm, im sure most miners dont know they could mine vertcoin for example and get more btc that way, then buy xmr.
I sure as hell didnt  

Most people have no clue about that stuff.

[grendel25]

I will pose - re-post - this question here, where it might get more feedback:

Why would anyone mine XMR for profit now when you can mine QuazarCoin, cash it in, and buy 30% more XMR than you can get from mining?  For that matter, Vertcoin should get you about 100% better return (GPU basis). The only rational reason to mine XMR now is because you want to help build the network - or you are just too lazy to switch coins.  

Can anyone make a rational argument against this claim:  The current hash power is almost 100% enthusiasts, who mine because of confidence, support for XMR.  (They are not  likely to be sellers.)  It makes no sense at all for any botnet to mine XMR for sale.

(Yet the current hash rate is roughly 85% of the historical high.  The depth of support this demonstrates is breathtaking.)

It's just economic stupidity to waste resources on less profit when you can be more efficient and stack profits.