[XMR] Monero Speculation

[owlcatz]

Arguments aside ...

I thought we may be going back to the .0019 area, but not now apparently. Maybe the dev meeting today will have some good news on the price.  

[noobtrader]

the idea of masternod == decentralization is as stupid as the idea that pow mining==centralization.   because ppl will always try to manipulate price and their coin holding regardless of masternode or not.  i dont get it why ppl holding masternode is centralized when its the miner which processing the transaction    and ppl still can host node without coin  if he feel like it  

without masternode, XMR price fall because many ppl who bought lower fear that they lost their profit and dump their coin. eventually ppl will get panicked as well and sell at loss.

[DaveyJones]

the idea of masternod == decentralization is as stupid as the idea that pow mining==centralization.   because ppl will always try to manipulate price and their coin holding regardless of masternode or not.  i dont get it why ppl holding masternode is centralized when its the miner which processing the transaction    and ppl still can host node without coin  if he feel like it  

without masternode, XMR price fall because many ppl who bought lower fear that they lost their profit and dump their coin. eventually ppl will get panicked as well and sell at loss.

I dont think you get what CryptoCurrencies are for ... 1 Monero will always be 1 Monero... what you are saying is that you are only interested in the price of your coin compared to fiat

[noobtrader]

the idea of masternod == decentralization is as stupid as the idea that pow mining==centralization.   because ppl will always try to manipulate price and their coin holding regardless of masternode or not.  i dont get it why ppl holding masternode is centralized when its the miner which processing the transaction    and ppl still can host node without coin  if he feel like it  

without masternode, XMR price fall because many ppl who bought lower fear that they lost their profit and dump their coin. eventually ppl will get panicked as well and sell at loss.

I dont think you get what CryptoCurrencies are for ... 1 Monero will always be 1 Monero... what you are saying is that you are only interested in the price of your coin compared to fiat

the question is whether 1 monero is 0.002 or is it 0.0002 btc...

uh wait... bitcoin is CryptoCurrencies  tooo 

[generalizethis]

i dont get it

That's why I explained it.

https://bitcointalk.org/index.php?topic=1443867.0

Can't make it any clearer (unless cognitive dissonance, or worse, is the real problem).

BTW, masternodes compound the problem of mining centralization, so stating a problem to explain the need for a new problem is not what you are doing here (though it's still weird logic) you are actually adding another problem that is most likely worse--and, in dash's case, is worse.

Also, I don't watch markets that much, but is there a corollary between masternodes and stable price? Both XMR and dash seem to have similar price fluctuations. If that's true, then your original argument goes out the window (masternodes=price stability). Aren't there already benefits to miners and services running full-nodes? If so, then increased mining and services should correspond with node increase.

Although even the incentivized node as price stabilizer in'ts really a valid argument in itself. Unless you account for the coins being removed from the market, you aren't really saying nodes are creating the upward or stabilizing pressure--you could very turn the argument to, "Why doesn't dash have a CryptoKingdom style game to stabilize the price?"  

[noobtrader]

i dont get it

That's why I explained it.

https://bitcointalk.org/index.php?topic=1443867.0

Can't make it any clearer (unless cognitive dissonance, or worse, is the real problem).

BTW, masternodes compound the problem of mining centralization, so stating a problem to explain the need for a new problem is not what you are doing here (though it's still weird logic) you are actually adding another problem that is most likely worse--and, in dash's case, is worse.

Also, I don't watch markets that much, but is there a corollary between masternodes and stable price? Both XMR and dash seem to have similar price fluctuations. If that's true, then your original argument goes out the window (masternodes=price stability). Aren't there already benefits to miners and services running full-nodes? If so, then increased mining and services should correspond with node increase.

Although even the incentivized node as price stabilizer in'ts really a valid argument in itself. Unless you account for the coins being removed from the market, you aren't really saying nodes are creating the upward or stabilizing pressure--you could very turn the argument to, "Why doesn't dash have a CryptoKingdom style game to stabilize the price?"  

i dont get it because your FUD is dihonest,  you cant do 51% attack with masternode so there is no centralization.  your XMR whale might hodl 50% of xmr coin and he is swinging price like a toy. so there is your centralization, how would you prevent ppl from dumping all their Monero then close up their node and mining other coin likeeee... Aeon instead  

[generalizethis]

i dont get it

That's why I explained it.

https://bitcointalk.org/index.php?topic=1443867.0

Can't make it any clearer (unless cognitive dissonance, or worse, is the real problem).

BTW, masternodes compound the problem of mining centralization, so stating a problem to explain the need for a new problem is not what you are doing here (though it's still weird logic) you are actually adding another problem that is most likely worse--and, in dash's case, is worse.

Also, I don't watch markets that much, but is there a corollary between masternodes and stable price? Both XMR and dash seem to have similar price fluctuations. If that's true, then your original argument goes out the window (masternodes=price stability). Aren't there already benefits to miners and services running full-nodes? If so, then increased mining and services should correspond with node increase.

Although even the incentivized node as price stabilizer isn't really a valid argument in itself. Unless you account for the coins being removed from the market, you aren't really saying nodes are creating the upward or stabilizing pressure--you could very turn the argument to, "Why doesn't dash have a CryptoKingdom style game to stabilize the price?"  

i dont get it because my FUD is dihonest,  with masternodes you can control voting so there is centralization.  your dash whale might hodl 50% of dash coin and he is swinging price like a toy. so there is your centralization, how would you prevent ppl from dumping all their dash when close up their node  

If you aren't going to bother reading, I'm not going to bother explaining--I'll just fix your mistakes.  

[Hueristic]

....

EDIT :  IMHO monero should think about implementing masternode btw, so that price have better

You will Never Ever EVER EVER see Mnodes in any serious Vcurrency. Did I say ever yet? They are nothing more than a bandaid on a flawed system that incentivizes holding. They also add a huge security weakness and have the opposite effect of their intention.

[ArticMine]

...


i dont get it because your FUD is dihonest,  you cant do 51% attack with masternode so there is no centralization.  your XMR whale might hodl 50% of xmr coin and he is swinging price like a toy. so there is your centralization, how would you prevent ppl from dumping all their Monero then close up their node and mining other coin likeeee... Aeon instead  

You borrow rather than buy to launch a 51% attack against the masternodes.  This is a fundamental weakness with any Proof of Stake, or Proof of Stake like, system and is not just limited to Dash. I formulated the Second Pirate Savings and Trust attack on Proof of Stake in the following post https://bitcointalk.org/index.php?topic=897488.msg10182752#msg10182752 those of us who have been around Bitcoin for a while will remember the First Pirate Savings and Trust and other very large Bitcoin shorts such as Mark Karpelès of MTGox. Borrowed "stake" is what nearly brought down the fiat banking system in 2008, forcing massive intervention by central banks and governments. In Dash the problem is magnified because the minimum 1000 Dash per masternode encourages the setting up of masternodes using borrowed Dash.

[smooth]

it alwasys  saddening to see investor being skinned by whale...

Are you actually a noob?

Cryptocurrencies are volatile but actual investors never get 'skinned' by swings, only inferior traders trying to compete with superior traders. The same applies to cryptocurrencies, stocks, metals, or anything else.

You analyze long term prospects, buy, put the coins into cold storage, and unless long-term prospects change (which happens infrequently) do the actual hard part: wait and do nothing. Short term swings are of no consequence whatsoever.

[Drekavac]

How come this community dont have at least Avatar campaign?
Youtube video?
Such good money but poor marketing strategy.

[smooth]

How come this community dont have at least Avatar campaign?
Youtube video?
Such good money but poor marketing strategy.

You see "poor marketing strategy", I see a great opportunity for you:

1. Buy Monero at prices depressed by the current "poor marketing"
2. Improve the marketing to merely average (should be easy!)
3. Profit

[dEBRUYNE]

Logs for the dev meeting held on 2016-05-08 (sixth dev meeting)

https://getmonero.org/2016/05/08/overview-and-logs-for-the-dev-meeting-held-on-2016-05-08.html


Logs for the Kovri (I2P) meeting held on 2016-05-08

https://getmonero.org/2016/05/08/logs-for-the-kovri-dev-meeting-held-on-2016-05-08.html

[Hueristic]

How come this community dont have at least Avatar campaign?
Youtube video?
Such good money but poor marketing strategy.

No marketing until initial release. We are still in beta.

[dEBRUYNE]

MAAM #15 Monero Ask Anything Monday

https://www.reddit.com/r/Monero/comments/4igtts/maam_15_monero_ask_anything_monday/

[nioc]

it alwasys  saddening to see investor being skinned by whale...

Are you actually a noob?

Cryptocurrencies are volatile but actual investors never get 'skinned' by swings, only inferior traders trying to compete with superior traders. The same applies to cryptocurrencies, stocks, metals, or anything else.

You analyze long term prospects, buy, put the coins into cold storage, and unless long-term prospects change (which happens infrequently) and the actual hard part, wait and do nothing. Short term swing are of no consequence whatsoever.

I'm good at the hard part  Actually I also donate money as it might shorten the waiting time

How come this community dont have at least Avatar campaign?
Youtube video?
Such good money but poor marketing strategy.

I participate in an unpaid sig campaign that nobody else designed or asked for.  There are many others that take similar initiative on their own.  Whatever strikes their fancy.
----------------------------------------------------------------------------------------------------

In other news; I have no idea where the price is going near term.  All eyes seem to be on btc.  I still have almost all my btc that is earmarked for XMR and it will be spent.  I won't know when until it happens.  By then I could have even more to spend

[smooth]

it alwasys  saddening to see investor being skinned by whale...

Are you actually a noob?

Cryptocurrencies are volatile but actual investors never get 'skinned' by swings, only inferior traders trying to compete with superior traders. The same applies to cryptocurrencies, stocks, metals, or anything else.

You analyze long term prospects, buy, put the coins into cold storage, and unless long-term prospects change (which happens infrequently) and the actual hard part, wait and do nothing. Short term swing are of no consequence whatsoever.

I'm good at the hard part  Actually I also donate money as it might shorten the waiting time

That's a valid point. I was drawing a contrast between trading and not trading but doing things that increase the value of your investment is also useful and important.

[noobtrader]

...


i dont get it because your FUD is dihonest,  you cant do 51% attack with masternode so there is no centralization.  your XMR whale might hodl 50% of xmr coin and he is swinging price like a toy. so there is your centralization, how would you prevent ppl from dumping all their Monero then close up their node and mining other coin likeeee... Aeon instead  

You borrow rather than buy to launch a 51% attack against the masternodes.  This is a fundamental weakness with any Proof of Stake, or Proof of Stake like, system and is not just limited to Dash. I formulated the Second Pirate Savings and Trust attack on Proof of Stake in the following post https://bitcointalk.org/index.php?topic=897488.msg10182752#msg10182752 those of us who have been around Bitcoin for a while will remember the First Pirate Savings and Trust and other very large Bitcoin shorts such as Mark Karpelès of MTGox. Borrowed "stake" is what nearly brought down the fiat banking system in 2008, forcing massive intervention by central banks and governments. In Dash the problem is magnified because the minimum 1000 Dash per masternode encourages the setting up of masternodes using borrowed Dash.

pls inform me how to borrow dash to launch 50% attack on masternode LOOOLLLL   its not even POS sistem which masternode were confirming tx...   

it alwasys  saddening to see investor being skinned by whale...

Are you actually a noob?

Cryptocurrencies are volatile but actual investors never get 'skinned' by swings, only inferior traders trying to compete with superior traders. The same applies to cryptocurrencies, stocks, metals, or anything else.

You analyze long term prospects, buy, put the coins into cold storage, and unless long-term prospects change (which happens infrequently) do the actual hard part: wait and do nothing. Short term swings are of no consequence whatsoever.

TLDR...

Cheeeep coin guys.... buy buy buy LOOLLL

[smooth]

Cryptocurrencies are volatile but actual investors never get 'skinned' by swings, only inferior traders trying to compete with superior traders. The same applies to cryptocurrencies, stocks, metals, or anything else.

You analyze long term prospects, buy, put the coins into cold storage, and unless long-term prospects change (which happens infrequently) do the actual hard part: wait and do nothing. Short term swings are of no consequence whatsoever.

TLDR...

Cheeeep coin guys.... buy buy buy LOOLLL

No, I leave up to you whether to invest or not. My statements on this are pretty clear. But if you do actually decide to invest (as opposed to trying to compete with the other traders in a zero-sum^* trading game), then short term swings are of no consequence to you.

^* Actually negative sum, given exchanges taking roughly 1/4-1/2% out of each trade.

[nioc]

Shhhhhhhhh

I guess everybody is waiting.  I just had a little nibble.