Este Nuno
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amarha
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July 11, 2014, 02:45:01 PM |
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Anyone like buying BBR every time it drops below 25% of the price of XMR?
And with their dev it's not impossible that BBR could make some progress and exceed the 25% target over time and catch up somewhat to XMR. It would take something wild happening for BBR to reach parity with XMR but 33% is not out of the question, is it?
It's a winner-takes-it-all situation, for which reason BBR is trading at a significant discount. Market sees its chances to overtake XMR as slim. Well, I'm not quite sure how to evaluate that since the BBR emission rate is more front-loaded than XMR. I'd guess the market isn't as skeptical as you might suspect considering that right now there are much more BBR being mined. I'm not sure how to quantify that exactly, but I would say that the market thinks that BBR has a greater than 25% chance in 'succeeding'(murky term). In generally I'm pretty impressed with how much support BBR has gotten.
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Quanttek
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July 11, 2014, 02:52:29 PM |
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From now on, only the following coins may be mentioned in the thread:
BTC XMR NXT FLT BBR NEM XCurrency Maidsafe Skycoin Siacoin
Discussion of the other coins belongs to other threads.
How can we request a new coin if it offers something great to get onto this thread? PM? Exactly this: I would add Crypti, which can be scam or potentially a fairly interesting coin
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Enthusiast. Neither trader, nor miner and also no big investor. Community Manager for Monero PM if you need mine to exchange or anti-cheat algorithm for node-cryptonote-pool
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dekdek
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| TeamFLT | Trader & Investor |
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July 11, 2014, 03:36:51 PM |
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+1 BTC / FLT / NXT
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ofeefee
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Activity: 1023
Merit: 1001
Tokenize Fantasy Sports
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July 11, 2014, 03:58:04 PM |
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From now on, only the following coins may be mentioned in the thread:
BTC -> classic blockchain coin - POW, store of value. XMR -> privacy enhanced coin - cryptonote approach NXT -> second gen. coin, multi feature coin - Proof of stake FLT -> not sure standard first ge. POW coin ? BBR -> privacy enhanced coin - cryptonote approach NEM -> second gen. coin, multi feature coin - Proof of importance XCurrency -> privacy enhanced coin. Xnodes - coinjoin approach Maidsafe -> unique, not a blockchain based coin, platform Skycoin -> unique, unsure what it is Siacoin -> storage coin, similar to company shares
Discussion of the other coins belongs to other threads.
I made a short note for each coin. FLT -> not sure standard first ge. POW coin ? FLT - Proof of Work, Proof of Stake, Proof of Transaction (only coin with this feature)
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dga
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July 11, 2014, 04:01:00 PM |
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Anyone like buying BBR every time it drops below 25% of the price of XMR?
And with their dev it's not impossible that BBR could make some progress and exceed the 25% target over time and catch up somewhat to XMR. It would take something wild happening for BBR to reach parity with XMR but 33% is not out of the question, is it?
It's a winner-takes-it-all situation, for which reason BBR is trading at a significant discount. Market sees its chances to overtake XMR as slim. Well, I'm not quite sure how to evaluate that since the BBR emission rate is more front-loaded than XMR. I'd guess the market isn't as skeptical as you might suspect considering that right now there are much more BBR being mined. I'm not sure how to quantify that exactly, but I would say that the market thinks that BBR has a greater than 25% chance in 'succeeding'(murky term). In generally I'm pretty impressed with how much support BBR has gotten. Er, that's backwards - XMR has a much faster initial emission than BBR.
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BlockChains
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Activity: 110
Merit: 10
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July 11, 2014, 04:07:17 PM |
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From now on, only the following coins may be mentioned in the thread:
BTC -> classic blockchain coin - POW, store of value. XMR -> privacy enhanced coin - cryptonote approach NXT -> second gen. coin, multi feature coin - Proof of stake FLT -> not sure standard first ge. POW coin ? BBR -> privacy enhanced coin - cryptonote approach NEM -> second gen. coin, multi feature coin - Proof of importance XCurrency -> privacy enhanced coin. Xnodes - coinjoin approach Maidsafe -> unique, not a blockchain based coin, platform Skycoin -> unique, unsure what it is Siacoin -> storage coin, similar to company shares
Discussion of the other coins belongs to other threads.
I made a short note for each coin. FLT -> not sure standard first ge. POW coin ? FLT - Proof of Work, Proof of Stake, Proof of Transaction (only coin with this feature) The fact that FLT made it into this thread is a troll joke. This is one of the worst "features" to ever be added to an alt as all it does is incentivize bloat and unnecessary transactions. If the coin was ever actually worth something then it would make sense to just set up bots with auto generated addresses that just move coins around my addresses thousands of times a day to try to get new coins from the PoT. Even if it was time locked and you could only earn PoT after coins sat in a wallet for say 24hrs it still encourages bloat because of unnecessary transactions every 24 hours at that point. Slower than unlimited transactions but still unnecessary bloat that doesn't scale.
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cAPSLOCK
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Activity: 3794
Merit: 5197
Maybe the Mars is the future!
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July 11, 2014, 04:08:14 PM |
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It's a winner-takes-it-all situation
Why? Mainly because they are a shared codebase. Most (all?) code contributions can be shared across each coin. The fittest will crush the weaker players.
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ofeefee
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Activity: 1023
Merit: 1001
Tokenize Fantasy Sports
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July 11, 2014, 04:16:28 PM |
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From now on, only the following coins may be mentioned in the thread:
BTC -> classic blockchain coin - POW, store of value. XMR -> privacy enhanced coin - cryptonote approach NXT -> second gen. coin, multi feature coin - Proof of stake FLT -> not sure standard first ge. POW coin ? BBR -> privacy enhanced coin - cryptonote approach NEM -> second gen. coin, multi feature coin - Proof of importance XCurrency -> privacy enhanced coin. Xnodes - coinjoin approach Maidsafe -> unique, not a blockchain based coin, platform Skycoin -> unique, unsure what it is Siacoin -> storage coin, similar to company shares
Discussion of the other coins belongs to other threads.
I made a short note for each coin. FLT -> not sure standard first ge. POW coin ? FLT - Proof of Work, Proof of Stake, Proof of Transaction (only coin with this feature) The fact that FLT made it into this thread is a troll joke. This is one of the worst "features" to ever be added to an alt as all it does is incentivize bloat and unnecessary transactions. If the coin was ever actually worth something then it would make sense to just set up bots with auto generated addresses that just move coins around my addresses thousands of times a day to try to get new coins from the PoT. Even if it was time locked and you could only earn PoT after coins sat in a wallet for say 24hrs it still encourages bloat because of unnecessary transactions every 24 hours at that point. Slower than unlimited transactions but still unnecessary bloat that doesn't scale. Pot at the moment only generates 5% of the block reward or 1FLT, it also has features which randomizes who the reward is generated for. Yes, you could attempt to game the system, and you could possibly get some extra FLT, but it would not be a worthwhile endeavor. You would be far more beneficial to just PoW mine for FLT than to try gaming PoT. I used 600kh of Asics to mine FLT last two days and this generated 4000 FLT. If you managed to game PoT to reward you every generated PoT block, and on let's assume it hit every block, you would have 720FLT/day.
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drawingthesun
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July 11, 2014, 04:19:18 PM |
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regarding xmr - did someone expect that low prices? - I assumed that we find after ATH a new equilibria around 0.005 or at least 0.004
I never expected them to go this low.
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cAPSLOCK
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Activity: 3794
Merit: 5197
Maybe the Mars is the future!
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July 11, 2014, 04:26:25 PM |
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regarding xmr - did someone expect that low prices? - I assumed that we find after ATH a new equilibria around 0.005 or at least 0.004
I never expected them to go this low. It is painful and discouraging. Such is the way with downswings.
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nioc
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Activity: 1624
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July 11, 2014, 04:31:32 PM |
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regarding xmr - did someone expect that low prices? - I assumed that we find after ATH a new equilibria around 0.005 or at least 0.004
I think we will. Equilibrium is not reached, it took a new wave down. I also thought that 0.0035 would be a slightly more probable low point than 0.003 and that is again more probable than 0.0025 etc. It is hard to see that the previous low of about 0.002 would be breached without news. It could very well be Claymore. I mean he is getting 5% of any GPU hashing on the network for free. Low ball guess says 600 a day. The could suppress pricing. There are other GPU miners now and also a Claymore without fees. A lot more than 600/day is being sold.
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Este Nuno
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Activity: 826
Merit: 1002
amarha
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July 11, 2014, 04:40:53 PM |
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Anyone like buying BBR every time it drops below 25% of the price of XMR?
And with their dev it's not impossible that BBR could make some progress and exceed the 25% target over time and catch up somewhat to XMR. It would take something wild happening for BBR to reach parity with XMR but 33% is not out of the question, is it?
It's a winner-takes-it-all situation, for which reason BBR is trading at a significant discount. Market sees its chances to overtake XMR as slim. Well, I'm not quite sure how to evaluate that since the BBR emission rate is more front-loaded than XMR. I'd guess the market isn't as skeptical as you might suspect considering that right now there are much more BBR being mined. I'm not sure how to quantify that exactly, but I would say that the market thinks that BBR has a greater than 25% chance in 'succeeding'(murky term). In generally I'm pretty impressed with how much support BBR has gotten. Er, that's backwards - XMR has a much faster initial emission than BBR. Oh, I just looked again and I thought the chart on the BBR thread was a chart of BBR vs XMR but it's a chart of BBR vs Bitcoin emission! Oops.
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superresistant
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July 11, 2014, 06:01:02 PM |
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Don't buy during pump. Obviously. EDIT : I'm talking for observers of this thread that would be tempted to buy now.
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ejinte
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July 11, 2014, 06:02:42 PM |
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Don't buy during pump. Obviously. I bought three months ago
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Cablez
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Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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July 11, 2014, 06:26:38 PM |
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regarding xmr - did someone expect that low prices? - I assumed that we find after ATH a new equilibria around 0.005 or at least 0.004
I think we will. Equilibrium is not reached, it took a new wave down. I also thought that 0.0035 would be a slightly more probable low point than 0.003 and that is again more probable than 0.0025 etc. It is hard to see that the previous low of about 0.002 would be breached without news. It could very well be Claymore. I mean he is getting 5% of any GPU hashing on the network for free. Low ball guess says 600 a day. The could suppress pricing. There are other GPU miners now and also a Claymore without fees. A lot more than 600/day is being sold. I agree that more than 600/day is being sold. It was just a lowball theory. I haven't seen any functional GPU miners besides claymore's who did drop 5% for less performance. Do you have links?
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Tired of substandard power distribution in your ASIC setup??? Chris' Custom Cablez will get you sorted out right! No job too hard so PM me for a quote Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
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TeeBone
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July 11, 2014, 06:51:58 PM |
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regarding xmr - did someone expect that low prices? - I assumed that we find after ATH a new equilibria around 0.005 or at least 0.004
I never expected them to go this low. It is painful and discouraging. Such is the way with downswings. I wouldnt mind wild swings after Monero establishes itself as the #1 privacy coin. But with comp coming from every corner now, boom/busts do more harm then good, the mintpal pump was horrible timing.
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Este Nuno
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Activity: 826
Merit: 1002
amarha
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July 11, 2014, 07:00:02 PM |
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regarding xmr - did someone expect that low prices? - I assumed that we find after ATH a new equilibria around 0.005 or at least 0.004
I never expected them to go this low. It is painful and discouraging. Such is the way with downswings. I wouldnt mind wild swings after Monero establishes itself as the #1 privacy coin. But with comp coming from every corner now, boom/busts do more harm then good, the mintpal pump was horrible timing. Where does everyone think the money is going now then? Mostly held in BTC?
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smooth
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Activity: 2968
Merit: 1198
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July 11, 2014, 07:01:29 PM |
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regarding xmr - did someone expect that low prices? - I assumed that we find after ATH a new equilibria around 0.005 or at least 0.004
I think we will. Equilibrium is not reached, it took a new wave down. I also thought that 0.0035 would be a slightly more probable low point than 0.003 and that is again more probable than 0.0025 etc. It is hard to see that the previous low of about 0.002 would be breached without news. It could very well be Claymore. I mean he is getting 5% of any GPU hashing on the network for free. Low ball guess says 600 a day. The could suppress pricing. There are other GPU miners now and also a Claymore without fees. A lot more than 600/day is being sold. The total output has to find a home every single day. That means new money coming in, or people willing to mine (which always costs money in some way) and absorb that loss (essentially investing). Price is determined more by demand than supply. I don't really understand why people obsess so much by supply factors (who is mining, who is selling, etc.) and largely ignore the demand side. Right now there is ZERO reason to buy this coin (or most coins) outside of speculative interest. Speculation is highly unstable and highly volatile, so it is perfectly logical to see wide swings in price.
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smooth
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July 11, 2014, 07:02:47 PM |
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regarding xmr - did someone expect that low prices? - I assumed that we find after ATH a new equilibria around 0.005 or at least 0.004
I never expected them to go this low. It is painful and discouraging. Such is the way with downswings. I wouldnt mind wild swings after Monero establishes itself as the #1 privacy coin. But with comp coming from every corner now, boom/busts do more harm then good, the mintpal pump was horrible timing. Where does everyone think the money is going now then? Mostly held in BTC? Money is still going into XMR, otherwise it wouldn't support a price of 0.0028 (or any other price >0). There is just less money going in that there was during periods of higher speculative interest (mintpal pump, etc.)
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