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americanpegasus
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October 30, 2015, 06:33:36 PM |
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Ugh. Dumpage.
Monero gittin' rickety-rickety-REKT out there today on thin volume, and right as I decide to buy too.
Eventually this crypto-winter will be over, and perhaps the Bitcoin bull rally is the first signs of spring. Also, it seems the 0.9 release is soontm and from my limited understanding it would seem that a 1.0 release would follow relatively quickly after the 0.9 one.
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Account is back under control of the real AmericanPegasus.
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binaryFate
Legendary
 Offline
Activity: 1512
Merit: 1012
Still wild and free
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October 30, 2015, 06:34:20 PM |
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I've always believed that "more inflation now <=> less inflation later".
Yes, it is correct. What the community refused to believe a year ago, and seemingly still do, is that both are harmful. I think this is incorrect, as much as you can summarize the thoughts of an informal entity such as "the community". The community did acknowledge the possible harmfulness, it didn't refuse to believe it as you say. Changing the emission curve was simply deemed to be even more harmful. |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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SmoothCurves
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October 30, 2015, 06:34:46 PM |
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3d and 1w are severely oversold.
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1030
Sine secretum non libertas
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October 30, 2015, 06:42:10 PM |
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Time to reverse long bond positions to bullish.
..and I am out now. |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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kurious
Legendary
Offline
Activity: 2604
Merit: 1748
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October 30, 2015, 06:43:42 PM |
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3d and 1w are severely oversold.
Agreed - buying again. Too cheap. Had a bid filled in the 11s I wasn't expecting have moved more BTC in. |
我想要火箭和火车
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kazuki49
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October 30, 2015, 07:36:58 PM |
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I've always believed that "more inflation now <=> less inflation later".
Yes, it is correct. What the community refused to believe a year ago, and seemingly still do, is that both are harmful. I think this is incorrect, as much as you can summarize the thoughts of an informal entity such as "the community". The community did acknowledge the possible harmfulness, it didn't refuse to believe it as you say. Changing the emission curve was simply deemed to be even more harmful. +1 I would definitely not be here if the emission was changed. It doesn't matter how hard the reality is now it means there is no real demand for Monero and lower emission would not solve this problem we would be fooling ourselves. Also I'm not concerned about concentration, I got my stash  |
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americanpegasus
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October 30, 2015, 07:40:10 PM |
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Hey fam.  Someone left some cheap Monero lying around. So I'm buying another 18,000. Their loss.  |
Account is back under control of the real AmericanPegasus.
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chennan
Legendary
Offline
Activity: 1316
Merit: 1004
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October 30, 2015, 07:48:09 PM |
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Jesus AP, I wish I had your job to be able to fork over that kind of cash whenever I wanted... how are you able to survive bills and food/alcohol expenses when your throwing that much money into cryptos? |
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generalizethis
Legendary
Offline
Activity: 1750
Merit: 1036
Facts are more efficient than fud
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October 30, 2015, 07:49:07 PM |
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Hey fam. Someone left some cheap Monero lying around. So I'm buying another 18,000. Their loss. Quoting Delonte West, "How Playa' is that" |
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rpietila
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
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October 30, 2015, 07:50:54 PM |
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It doesn't matter how hard the reality is now
It does. Should I sell my XMR to prove to you that I don't like the concentration that is happening? (I also don't like that nobody even recognizes this is the problem. As with price, today it is 0.3734 EUR/XMR, twelve days ago it was 0.3735. That one is holding steady.) |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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americanpegasus
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October 30, 2015, 07:51:32 PM |
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Jesus AP, I wish I had your job to be able to fork over that kind of cash whenever I wanted... how are you able to survive bills and food/alcohol expenses when your throwing that much money into cryptos?
This was my big yearly bonus check.  I have a pretty good job, but it's not that good. It was tempting to use it to buy some toys, pay down some debt, take a vacation to Vegas, or any number of things.... or perhaps even just hold onto Bitcoin and see what happens. but nah. I figure, I've talked more shit about Monero (in a good way) than pretty much anyone. I had better put my money where my mouth is.  |
Account is back under control of the real AmericanPegasus.
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americanpegasus
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October 30, 2015, 07:56:00 PM |
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Should I sell my XMR to prove to you that I don't like the concentration that is happening?
(I also don't like that nobody even recognizes this is the problem. As with price, today it is 0.3734 EUR/XMR, twelve days ago it was 0.3735. That one is holding steady.)
If you remember the early days, those with excessive amounts of BTC were incentivizing others in BTC. 1000 BTC for this project, 1000 BTC for that. As long as you could prove you had a legitimate way to advance the currency, there were rounds of investment capital being paid into the ecosystem in the currency. This has a two-fold effect: it propagates the currency while also giving people a way and incentive to build it up. Consider making some XMR investments into projects. Remember: BUIDL, not HODL. |
Account is back under control of the real AmericanPegasus.
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chennan
Legendary
Offline
Activity: 1316
Merit: 1004
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October 30, 2015, 07:59:40 PM |
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Jesus AP, I wish I had your job to be able to fork over that kind of cash whenever I wanted... how are you able to survive bills and food/alcohol expenses when your throwing that much money into cryptos?
This was my big yearly bonus check. I have a pretty good job, but it's not that good. It was tempting to use it to buy some toys, pay down some debt, take a vacation to Vegas, or any number of things.... or perhaps even just hold onto Bitcoin and see what happens. but nah. I figure, I've talked more shit about Monero (in a good way) than pretty much anyone. I had better put my money where my mouth is. Haha, nice... I'm working towards a promotion that will probably happen sometime in 2017, so I'm hoping that it will be enough time for monero to stay atleast under the $2 mark before I can really start throwing around some money... but for some reason, I don't see this happening. *sigh* oh well.. |
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jehst
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October 30, 2015, 08:01:52 PM |
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If you remember the early days, those with excessive amounts of BTC were incentivizing others in BTC. 1000 BTC for this project, 1000 BTC for that. As long as you could prove you had a legitimate way to advance the currency, there were rounds of investment capital being paid into the ecosystem in the currency.
Early on, Roger Ver was an prolific Angel investor: BitPay, Blockchain.info, Kraken, Safello, Purse.io, ShapesShift.io, Coinsetter, the Bitcoin Store, BitInstant, and dozens of other companies all received money from Ver. I hope I am in the position to be an angel investor one day. |
Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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equipoise
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October 30, 2015, 08:13:12 PM |
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It doesn't matter how hard the reality is now
It does. Should I sell my XMR to prove to you that I don't like the concentration that is happening? (I also don't like that nobody even recognizes this is the problem. As with price, today it is 0.3734 EUR/XMR, twelve days ago it was 0.3735. That one is holding steady.) Last 24 hours weighted average EUR/XMR is 0.4001 EUR ( moneroprice.i2p.xyz). Twelve days ago the weighted 24 hours average was 0.3596 EUR. |
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luigi1111
Legendary
Offline
Activity: 1105
Merit: 1000
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October 30, 2015, 08:17:43 PM |
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It doesn't matter how hard the reality is now
It does. Should I sell my XMR to prove to you that I don't like the concentration that is happening? (I also don't like that nobody even recognizes this is the problem. As with price, today it is 0.3734 EUR/XMR, twelve days ago it was 0.3735. That one is holding steady.) This may be (or turn out to be in the future) a problem, but I don't think it is the problem. Extreme concentration should typically produce a highly defective market cap, because those with the oversized concentration can set whatever price they want (Exhibit A. BCN). We aren't seeing that happen in XMR as far as I can tell, unless the oversized portion is ensuring a defective market cap on the downside, which seems counterproductive to wealth preservation. Or maybe they hold it low so more new people can buy thus lessening the concentration, except new people often don't want to get involved in a declining market. Or maybe none of the above. |
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luigi1111
Legendary
Offline
Activity: 1105
Merit: 1000
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October 30, 2015, 08:19:00 PM |
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Hey fam. Someone left some cheap Monero lying around. So I'm buying another 18,000. Their loss. Hey you're growing up!  |
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dEBRUYNE
Legendary
Offline
Activity: 2268
Merit: 1141
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October 30, 2015, 08:21:09 PM |
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Should I sell my XMR to prove to you that I don't like the concentration that is happening?
(I also don't like that nobody even recognizes this is the problem. As with price, today it is 0.3734 EUR/XMR, twelve days ago it was 0.3735. That one is holding steady.)
If you remember the early days, those with excessive amounts of BTC were incentivizing others in BTC. 1000 BTC for this project, 1000 BTC for that. As long as you could prove you had a legitimate way to advance the currency, there were rounds of investment capital being paid into the ecosystem in the currency. This has a two-fold effect: it propagates the currency while also giving people a way and incentive to build it up. Consider making some XMR investments into projects. Remember: BUIDL, not HODL. Rpietila has done quite a lot of that already. Next to Crypto Kingdom, he also donated quite a lot to the dev team. |
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SmoothCurves
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October 30, 2015, 08:23:31 PM |
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Hey fam. Someone left some cheap Monero lying around. So I'm buying another 18,000. Their loss. Another 18k? That's like 36k total or something in that range? Talk about a YOLO bet! |
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americanpegasus
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October 30, 2015, 08:28:17 PM |
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Another 18k? That's like 36k total or something in that range? Talk about a YOLO bet!
Yup, except if I use any capital gains to support transhumanism, it might one day be a YOL F bet. Also, I filed this today over on the Monero subreddit.   |
Account is back under control of the real AmericanPegasus.
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