[XMR] Monero Speculation

[macsga]

http://www.zerohedge.com/news/2016-02-26/why-hedge-fund-manager-who-made-killing-subprime-buying-bitcoin

Nice article; have to repeat though that *someone* should push an XMR integration in an exchange in China... like ASAP.

[1714796973]

1714796973

[1714796973]

1714796973

[klee]

http://www.zerohedge.com/news/2016-02-26/why-hedge-fund-manager-who-made-killing-subprime-buying-bitcoin

Nice article; have to repeat though that *someone* should push an XMR integration in an exchange in China... like ASAP.

Can't a whale make a new exchange there (for alt cny pairs).

Still no offers to Chinese for MAID, ETH & XMR. Just saying...

[dEBRUYNE]

Meanwhile, our core-team member Riccardo "fluffypony" Spagni is currently present at the Satoshi Roundtable:



http://satoshiroundtable.org/

[TrueCryptonaire]

Meanwhile, our core-team member Riccardo "fluffypony" Spagni is currently present at the Satoshi Roundtable:



http://satoshiroundtable.org/

Is this some kind of meeting of the Illuminati/Bilderberg?  

[CryptoAddict]

Is this bad or very bad for monero?

Will this implementation allow Satoshi to spend his coins without anyone knowing?

No..

Thus, it's very good for monero.

[phishead]

Is this bad or very bad for monero?

Will this implementation allow Satoshi to spend his coins without anyone knowing?

No..

Thus, it's very good for monero.

Personally I don't think Bitcoiners will ever implement a way for "Satoshi" to be able to move his coins without no one knowing... I mean shit, if Satoshi is really still alive and hanging around, do you really think that he won't just cash out a good portion of his stash for other investments into gold/silver/fiat/etc.?  It's like he's (his coins) are held captive as some prisoner in a world that he "single handedly" created, which is insane to me.  If he were to move his coins, then Satoshi's baby he created would essentially be decapitated and the trust people have in Bitcoin would be lost forever.

And then other people who are heavily invested into Bitcoin sit there on their high horse and say that fungibility isn't a big concern... I feel bad for Satoshi.

[rpietila]

It may sound crazy to you but satoshi probably does not care. As he was able to create something so great, he has likely either made enough money in the past, or is confident that he can make in the future.

Compare to Crypto Kingdom, which is not nearly as great an invention. My position is currently worth about €400k, yet there is no way to sell it and actually I recently "donated" about half of it to the game so that I am only entitled to the profits. If I am completely fine with the state of affairs, surely satoshi is as well, after all his capabilities are much larger than mine.

[wpalczynski]

Is this bad or very bad for monero?

Will this implementation allow Satoshi to spend his coins without anyone knowing?

No..

Thus, it's very good for monero.

Personally I don't think Bitcoiners will ever implement a way for "Satoshi" to be able to move his coins without no one knowing... I mean shit, if Satoshi is really still alive and hanging around, do you really think that he won't just cash out a good portion of his stash for other investments into gold/silver/fiat/etc.?  It's like he's (his coins) are held captive as some prisoner in a world that he "single handedly" created, which is insane to me.  If he were to move his coins, then Satoshi's baby he created would essentially be decapitated and the trust people have in Bitcoin would be lost forever.

And then other people who are heavily invested into Bitcoin sit there on their high horse and say that fungibility isn't a big concern... I feel bad for Satoshi.

Who knows if Satoshi even has the keys to those coins.  He could have just mined without actually believing BTC would become what it has.

[dEBRUYNE]

Speculation wise:

Someone took out another 5k short and placed it at 194k. Lending rates are really high currently, around 0.15-0.16%.

[TrueCryptonaire]

Speculation wise:

Someone took out another 5k short and placed it at 194k. Lending rates are really high currently, around 0.15-0.16%.

Sounds quite crazy to me.
Perhaps there are soon opportunities to make a quick buck if there will start a forced liquadation. I am personally thinking of putting some coins for sale at higher price so that I am able to benefit of possible anomaly. We will see how this will play out.

[phishead]

Is this bad or very bad for monero?

Will this implementation allow Satoshi to spend his coins without anyone knowing?

No..

Thus, it's very good for monero.

Personally I don't think Bitcoiners will ever implement a way for "Satoshi" to be able to move his coins without no one knowing... I mean shit, if Satoshi is really still alive and hanging around, do you really think that he won't just cash out a good portion of his stash for other investments into gold/silver/fiat/etc.?  It's like he's (his coins) are held captive as some prisoner in a world that he "single handedly" created, which is insane to me.  If he were to move his coins, then Satoshi's baby he created would essentially be decapitated and the trust people have in Bitcoin would be lost forever.

And then other people who are heavily invested into Bitcoin sit there on their high horse and say that fungibility isn't a big concern... I feel bad for Satoshi.

Who knows if Satoshi even has the keys to those coins.  He could have just mined without actually believing BTC would become what it has.

If that's the case, that could possibly be the biggest TIFU for the entire history of the internet lol.  

It may sound crazy to you but satoshi probably does not care. As he was able to create something so great, he has likely either made enough money in the past, or is confident that he can make in the future.

Compare to Crypto Kingdom, which is not nearly as great an invention. My position is currently worth about €400k, yet there is no way to sell it and actually I recently "donated" about half of it to the game so that I am only entitled to the profits. If I am completely fine with the state of affairs, surely satoshi is as well, after all his capabilities are much larger than mine.

Well I certainly can't see anyone "not caring" about an estimated 400 mill.  He/she/they must be billionaires if that's the case, and if that is true, why would "Satoshi" even take the time of creating something that essentially replaces the fiat system in the first place?  I think Satoshi was very well aware of what he was doing; and even though he/she/they were probably well off, I don't see how Satoshi could write off a hundreds of millions of dollars.

What I'm trying to get at is not about Satoshi's wealth in general, or the fact that he cares or not about Bitcoin any more... It's more of the notion that he couldn't move his coins even if he did have the keys or wanted too in general.  That, to me, illustrates the importance of fungibility and Bitcoins main problem that Monero solves.

[dEBRUYNE]

Speculation wise:

Someone took out another 5k short and placed it at 194k. Lending rates are really high currently, around 0.15-0.16%.

Sounds quite crazy to me.
Perhaps there are soon opportunities to make a quick buck if there will start a forced liquadation. I am personally thinking of putting some coins for sale at higher price so that I am able to benefit of possible anomaly. We will see how this will play out.

His ask wall was bought, no way back for him now.

[wpalczynski]

Is this bad or very bad for monero?

Will this implementation allow Satoshi to spend his coins without anyone knowing?

No..

Thus, it's very good for monero.

Personally I don't think Bitcoiners will ever implement a way for "Satoshi" to be able to move his coins without no one knowing... I mean shit, if Satoshi is really still alive and hanging around, do you really think that he won't just cash out a good portion of his stash for other investments into gold/silver/fiat/etc.?  It's like he's (his coins) are held captive as some prisoner in a world that he "single handedly" created, which is insane to me.  If he were to move his coins, then Satoshi's baby he created would essentially be decapitated and the trust people have in Bitcoin would be lost forever.

And then other people who are heavily invested into Bitcoin sit there on their high horse and say that fungibility isn't a big concern... I feel bad for Satoshi.

Who knows if Satoshi even has the keys to those coins.  He could have just mined without actually believing BTC would become what it has.

If that's the case, that could possibly be the biggest TIFU for the entire history of the internet lol.  

It may sound crazy to you but satoshi probably does not care. As he was able to create something so great, he has likely either made enough money in the past, or is confident that he can make in the future.

Compare to Crypto Kingdom, which is not nearly as great an invention. My position is currently worth about €400k, yet there is no way to sell it and actually I recently "donated" about half of it to the game so that I am only entitled to the profits. If I am completely fine with the state of affairs, surely satoshi is as well, after all his capabilities are much larger than mine.

Well I certainly can't see anyone "not caring" about an estimated 400 mill.  He/she/they must be billionaires if that's the case, and if that is true, why would "Satoshi" even take the time of creating something that essentially replaces the fiat system in the first place?  I think Satoshi was very well aware of what he was doing; and even though he/she/they were probably well off, I don't see how Satoshi could write off a hundreds of millions of dollars.

What I'm trying to get at is not about Satoshi's wealth in general, or the fact that he cares or not about Bitcoin any more... It's more of the notion that he couldn't move his coins even if he did have the keys or wanted too in general.  That, to me, illustrates the importance of fungibility and Bitcoins main problem that Monero solves.

There are people out there that simply do not care about wealth.

[ArticMine]

The issue I see with Satoshi's coins is: What happens if Satoshi is natural person and dies? Satoshi's estate could then be forced to sell a substantial portion of Satoshi's coins, easily 40% or more, in order to pay capital gains / and or inheritance taxes.

[ArticMine]

I see volume keeps going lower as I have predicted. Sitting somewhere around 75k now, down from 700-800k fake volume. Expect price to follow on its way down to 4mil market cap.

Get the lube ready boys. It will be a very rough ride.

Low and / or falling volume during a consolidation after a strong rise can actually be a bullish sign and an indication of the strength of the underlying up trend. http://www.rediff.com/money/special/trading-volume-what-it-reveals-about-the-market/20090703.htm.

Edit: This is the correct observation and the wrong conclusion.

[Herp]

I see volume keeps going lower as I have predicted. Sitting somewhere around 75k now, down from 700-800k fake volume. Expect price to follow on its way down to 4mil market cap.

Get the lube ready boys. It will be a very rough ride.

Low and / or falling volume during a consolidation after a strong rise can actually be a bullish sign and an indication of the strength of the underlying up trend. http://www.rediff.com/money/special/trading-volume-what-it-reveals-about-the-market/20090703.htm.

Edit: This is the correct observation and the wrong conclusion.

The strong rise was artificial thus fake and the conclusions in that article don't apply. There weren't any real buyers behind that volume and move up in price.

[ArticMine]

...
The strong rise was artificial thus fake and the conclusions in that article don't apply. There weren't any real buyers behind that volume and move up in price.

If you wish to deny reality I am not going to stop you. The readers can take a look at the charts and form their own conclusions.

[wpalczynski]

...
The strong rise was artificial thus fake and the conclusions in that article don't apply. There weren't any real buyers behind that volume and move up in price.

If you wish to deny reality I am not going to stop you. The readers can take a look at the charts and form their own conclusions.

No real buyers... LMFAO what a logic fail.

[TrueCryptonaire]

I see volume keeps going lower as I have predicted. Sitting somewhere around 75k now, down from 700-800k fake volume. Expect price to follow on its way down to 4mil market cap.

Get the lube ready boys. It will be a very rough ride.

Low and / or falling volume during a consolidation after a strong rise can actually be a bullish sign and an indication of the strength of the underlying up trend. http://www.rediff.com/money/special/trading-volume-what-it-reveals-about-the-market/20090703.htm.

Edit: This is the correct observation and the wrong conclusion.

The strong rise was artificial thus fake and the conclusions in that article don't apply. There weren't any real buyers behind that volume and move up in price.

How can price rise artificially? I have thought that the price rises, when someone buys more than there are selling. The coins are mainly held in strong hands who do not even think about selling anywhere even distantly close to current prices.
I am expecting some early selling over 100 usd/xmr. When Monero was launched with high block reward the price were shortly around 4-5 usd so those of us who have been buying there are still underwater both btc wise and fiatwise.

[nioc]

I am not real.  I was not real yesterday.  I hoped to be not real again today but it seems that others are more not real than I today. 

Contributing to the lack of my not realness today is the fact that I am working on my day off.