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

[dreamspark]

link for Top 100 Richest Addresses ?

No such thing as far as I know, hence why you cant search for addresses on the block explorer. Its not even possible due to a  separate public key is generated for each input, privacy and all that

[David Latapie]

Can we stop doing EC2 math with the wrong numbers? Only the uninitiated are paying full price for EC2 instances.

You are correct however that it is not the most profitable on EC2 and it hasn't been since the price fell below about 0.006 - unless of course your name starts with a C and you have a killer nVidia GPU miner.

Plus, c3.8xlarge Amazon EC2 is not the profitable one. A lower one is better. With c3.8xlarge, you spend money for unneeded RAM and such.

Plus, there are cheaper cloud services than EC2 - I used at least two cheaper ones.

[rpietila]

link for Top 100 Richest Addresses ?

No such thing as far as I know, hence why you cant search for addresses on the block explorer. Its not even possible due to a  separate public key is generated for each input, privacy and all that

Tell me the total number of XMR owners and the percentage of the largest owner, I can derive the distribution of everyone in between with amazing accuracy  

[HardwarePal]

link for Top 100 Richest Addresses ?

No such thing as far as I know, hence why you cant search for addresses on the block explorer. Its not even possible due to a  separate public key is generated for each input, privacy and all that

Tell me the total number of XMR owners and the percentage of the largest owner, I can derive the distribution of everyone in between with amazing accuracy  

I guess you already have done your calculations. You are the #1 wallet right ?

[dreamspark]

link for Top 100 Richest Addresses ?

No such thing as far as I know, hence why you cant search for addresses on the block explorer. Its not even possible due to a  separate public key is generated for each input, privacy and all that

Tell me the total number of XMR owners and the percentage of the largest owner, I can derive the distribution of everyone in between with amazing accuracy  

 

Would love to see someone come up with a way to estimate number of owners, thinking back to when there were only a few people interested in the coin to now puts a big smile on my face.

Harking back a bit to your post a couple of days ago in the altcoin observer I would also be very interested in the sorts of investors we have on board as well as the number of alts they have previously invested in and currently hold. I personally have never seen an alt with so many notable investors and big BTC holders investing in their first alt. Or at least their first since LTC.

Good times ahead...

[dreamspark]

Tell me the total number of XMR owners and the percentage of the largest owner, I can derive the distribution of everyone in between with amazing accuracy  

I guess you already have done your calculations. You are the #1 wallet right ?

1) You cant do the calculations, there is no way to know others wallet balances

2) I very much doubt it

[hitbtc]

Hi again! It was with great excitement that we announced yesterday that Monero will shortly commence trading on Hitbtc.
The reaction to our latest news is plain to see - the exchange rate for XMR rose dramatically following release of the news.

Now the power is in your hands once again - get ready to support our latest currency once it is added to Hitbtc and together we can really make a success story, both on Hitbtc and beyond.
Thank you for your support so far and we look forward to what the future holds for XMR!

[rpietila]

Tell me the total number of XMR owners and the percentage of the largest owner, I can derive the distribution of everyone in between with amazing accuracy  

I guess you already have done your calculations. You are the #1 wallet right ?

1) You cant do the calculations, there is no way to know others wallet balances

But it is rather easy to know the distribution of them with amazing accuracy, given that the inputs:
- number of owners;
- largest owner's balance;

Are even near correct.

2) I very much doubt it

I am large but not in the TOP-5. Just as my strategy dictates.

[Jcw188]

Sorry guys, my first post was a bit agressive, so I took it down.

I was talking about the uncertainty around the coin, which is understandable, considering all the goings-on in the thread, but that wasn't the point. The point is: recently I was lurking around the CN coins threads and came to a conclusion that Monero has a lot of potential and I think you guys should put more faith in it. Hence, imo, everything that can potentially bring the coin closer to the Moon should be met with more trust, like its integration into the hitbtc exchange.

To prove that point, I myself bought a market maker's contract and already started trading.

K.

Yep. Thinking if I should start trading Monero too, despite my latest claims that we should stay away from it for some time, after looking at these:

Poloniex



Hitbtc



There's clearly some positive dynamic forming on the latter. The question is, how permanent is that effect. What do you guys think?

[dreamspark]

[...snip...]

hitbtc maybe Im missing it and it is there but can you give me a run down on some of your practices.

Do you require any verification, if so what?

Do you have a cold storage system and/or a user side balance checker to prove solvency?

What country is your bank and your business located in?

Apologies if its all on the site, perhaps these are some good prompts for a short FAQ?

Could you also explain the rationale on a $9 deposit charge

Thanks

[Its About Sharing]

Do you know of the following:

- paper wallets
- reduced/zero/negative trading fees for market makers in exchanges
- whether it makes sense to buy boolberry as a hedge or not

Thank you in advance

I asked the paper wallet question and someone posted this: https://cryptonote.exchange.to/paper_wallet.php
It appears a bit raw like the command line wallet and since I can't get the source compiled on my Mac for the simplewallet, I am going to wait.
Please post if anything better comes along.

IAS

[dreamspark]

But it is rather easy to know the distribution of them with amazing accuracy, given that the inputs:
- number of owners;
- largest owner's balance;

Are even near correct.

Indeed, but the poster was referring to calculating that you yourself are the top holder. This is impossible (unless you own over 50%).

I am large but not in the TOP-5. Just as my strategy dictates.

Dont worry it wasn't a taunt. I know fore well you will be positioned exactly to a plan

[bangersdad]

[...snip...]

hitbtc maybe Im missing it and it is there but can you give me a run down on some of your practices.

Do you require any verification, if so what?

Do you have a cold storage system and/or a user side balance checker to prove solvency?

What country is your bank and your business located in?

Apologies if its all on the site, perhaps these are some good prompts for a short FAQ?

Could you also explain the rationale on a $9 deposit charge

Thanks

if you do not get an answer here - hitbtc have there own thread where queries are answered quickly.   https://bitcointalk.org/index.php?topic=378827.0 from what i can tell they are based in copenhagen, with their r&d dept based in Estonia (wonder if Risto has had any contact) they also have a demo mode so you can test out any trading using practice funds.

[Kruncha]

The whole market maker thing just seems kinda shady. I guess you guys have a lot invested, and you don't want to end up with dead markets, but it still seems like a thin line between market maker and market manipulator (or does market maker = market manipulator with added perks like cash back?).

Market makers' task is putting bid and sell orders on both sides of the price to help trading go faster. This is as much market manipulation, as any other deal there is: of course with your orders you are always trying to reach certain goals, but they are never detrimental to the market as a whole.

There's clearly some positive dynamic forming on the latter. The question is, how permanent is that effect. What do you guys think?

I'm almost entirely sure that it will stay like that. This was actually a great deal, as both Monero and Hitbtc benefited from the increased volume. All this is bound to turn out good for the coin's image and, by extension, its price condition.

K.

[darlidada]

Tell me the total number of XMR owners and the percentage of the largest owner, I can derive the distribution of everyone in between with amazing accuracy 

I guess you already have done your calculations. You are the #1 wallet right ?

1) You cant do the calculations, there is no way to know others wallet balances

But it is rather easy to know the distribution of them with amazing accuracy, given that the inputs:
- number of owners;
- largest owner's balance;

Are even near correct.

2) I very much doubt it

I am large but not in the TOP-5. Just as my strategy dictates.

What's that strategy ? I use your SSS strategy to sell BTC. I'd really to see your buying strategy for a coins such as XMR

[HardwarePal]

I know a few people ranging to get a 1-2% (of total supply) position. Im currently aiming for 1%+ but will be doing it gradually as miners dump.

I mine to support the network , some friends mine to accumulate.

I think this has to do with how much you believe in the technology,devs and ofcourse BTC you can back your investment with.

Every investment is a risk.

[dreamspark]

I know a few people ranging to get a 1-2% (of total supply) position. Im currently aiming for 1%+ but will be doing it gradually as miners dump.

I mine to support the network , some friends mine to accumulate.

I think this has to do with how much you believe in the technology,devs and ofcourse BTC you can back your investment with.

Every investment is a risk.

1% is a huge portion to get to, particularly if you weren't an early miner. To even consider getting to 1% you must have a huge position already. 1% is 740 ish BTC at these prices. I'd be interested in your strategy for acquiring that many in a timely manner.

[hitbtc]

Do you require any verification, if so what?

Do you have a cold storage system and/or a user side balance checker to prove solvency?

What country is your bank and your business located in?

Could you also explain the rationale on a $9 deposit charge

Thanks

Hey dreamspark!

Verification is only for those who want to gain access to better limits in fiat trading (USD/EUR). If you want to know more, you can follow this link: https://hitbtc.com/fees-and-limits

We do have a cold storage: it's a must for every exchange, and ours holds 95% of all funds. In regards to proving solvency, it's always verified by our accounting department.

We are based in Denmark and have a bank in Estonia (Ullus Corporation K/S, you can look it up).

The $9 is our bank's commission strictly for fiat wire transfers.

I hope this clears things up!

The whole market maker thing just seems kinda shady. I guess you guys have a lot invested, and you don't want to end up with dead markets, but it still seems like a thin line between market maker and market manipulator (or does market maker = market manipulator with added perks like cash back?).

Market makers' task is putting bid and sell orders on both sides of the price to help trading go faster. This is as much market manipulation, as any other deal there is: of course with your orders you are always trying to reach certain goals, but they are never detrimental to the market as a whole.

There's clearly some positive dynamic forming on the latter. The question is, how permanent is that effect. What do you guys think?

I'm almost entirely sure that it will stay like that. This was actually a great deal, as both Monero and Hitbtc benefited from the increased volume. All this is bound to turn out good for the coin's image and, by extension, its price condition.
K.

Kruncha

We do think it's best for both our exchange and XMR and that we really helped each other.

[David Latapie]

Side note...why the ticker change ? Regardless if it was officially changed, let's stick to MRO with eachother.

ISO 4217. See Monero Missives.

link for Top 100 Richest Addresses ?

Impossible by design

[HardwarePal]

I know a few people ranging to get a 1-2% (of total supply) position. Im currently aiming for 1%+ but will be doing it gradually as miners dump.

I mine to support the network , some friends mine to accumulate.

I think this has to do with how much you believe in the technology,devs and ofcourse BTC you can back your investment with.

Every investment is a risk.

1% is a huge portion to get to, particularly if you weren't an early miner. To even consider getting to 1% you must have a huge position already. 1% is 740 ish BTC at these prices. I'd be interested in your strategy for acquiring that many in a timely manner.

you got a zero to much, more like 18-19k xmr, so 74-80 btc.

Still, huge also for my perspective, i hold like 0.25% and i already feel very rich  

I wasnt an early miner but I had good positions on other coins that I got early into and still am trading for profit on other coins that have faster % gains for now.

The coins I get mining are just a bonus. You can daytrade XMR to accumulate, mine coins that might get future value or just straight up invest.

Im 50%+ there so its just a matter of time without investing more from my BTC stash.