[XMR] Monero Speculation

[Azael]

XMR went from $25M to close to roughly $60M market cap on a DNM announcement.
FCT has Department of Homeland Security and a Wall Street firm amongst their clients.

There's a mismatch with the demographic of crypto here and many investors put their idealism before money. The US government and Wall Street are easily in the top 5 of what most crypto people despise and for this reason it'll take some time to reach price discovery. The kind of revenue US government and Wall street can generate stomps any shady DNM.


I like Monero though and hold some but the two should definitely reach parity again at some point.

[Azael]

We should make XMR party somewhere if it goes to $50.



Some options:

1. St Kitts Island

2. Ibiza

3. Amsterdam

4. Buy our own XMR island - teach esperanto to peoples - make for big XMR party with biggest stars in Music, - we can hire them - Bono  - Wiz Khalifa - Dr Dre  ....XMR will get nice press for this as well


Also pick one small poor village and make people life better!

Can't forget Snoop on that list..

[sammy007]

I like Monero though and hold some but the two should definitely reach parity again at some point.

Not sure that FCT pumpers have enough fuel to reach parity with XMR.

[Azael]

I like Monero though and hold some but the two should definitely reach parity again at some point.

Not sure that FCT have enough fuel to reach parity with XMR.

One of the reasons I've kept track of Monero before without doing much diligence on it has been because the two have switched places so many times. I don't believe there is much correlation but it piqued my interest which I am obviously happy that it did now given the recent XMR movements.


XMR has had an amazing run so far where do you think it'll be at in a month in three months and in a year?

[Traderbtcc]

Time to buy XMR?

I hope it's not another pump and dump coin.

[kurious]

I like Monero though and hold some but the two should definitely reach parity again at some point.

Not sure that FCT have enough fuel to reach parity with XMR.

One of the reasons I've kept track of Monero before without doing much diligence on it has been because the two have switched places so many times. I don't believe there is much correlation but it piqued my interest which I am obviously happy that it did now given the recent XMR movements.


XMR has had an amazing run so far where do you think it'll be at in a month in three months and in a year?

$7.00....  $5.50....  $25.00....   

Pure guess.  Based upon bananas.

[Anon136]

Time to buy XMR?

I hope it's not another pump and dump coin.

Srsly it isn't. That doesn't mean it will succeed. But its not a pump and dump coin. Read the white paper. Its legit innovative tech. Never before seen. Its not even built on bitcoin codebase. Completely new code from the ground up. Who would do that just for a pump and dump? So much easier to clone btc if its just to pump and dump.

[LiskKing]

Time to buy XMR?

I hope it's not another pump and dump coin.

Srsly it isn't. That doesn't mean it will succeed. But its not a pump and dump coin. Read the white paper. Its legit innovative tech. Never before seen. Its not even built on bitcoin codebase. Completely new code from the ground up. Who would do that just for a pump and dump? So much easier to clone btc if its just to pump and dump.

is new code but also it use some bitcoin tech right? - like similiar idea - satoshi is a good contribute to cryptonote or could cryptonote be here with no satoshi?

[eizh]

XMR went from $25M to close to roughly $60M market cap on a DNM announcement.
FCT has Department of Homeland Security and a Wall Street firm amongst their clients.

There's a mismatch with the demographic of crypto here and many investors put their idealism before money. The US government and Wall Street are easily in the top 5 of what most crypto people despise and for this reason it'll take some time to reach price discovery. The kind of revenue US government and Wall street can generate stomps any shady DNM.


I like Monero though and hold some but the two should definitely reach parity again at some point.

The DHS awarded Factom $199K and the Wall Street firm in question is a Florida-based startup with $500K in seed funding. Sure we can abstract away and add gravitas by calling it 'US government' and 'Wall Street', but the details matter. After all, Monero's rise was due to the largest DNM adopting it, not merely any DNM.

[Anon136]

Time to buy XMR?

I hope it's not another pump and dump coin.

Srsly it isn't. That doesn't mean it will succeed. But its not a pump and dump coin. Read the white paper. Its legit innovative tech. Never before seen. Its not even built on bitcoin codebase. Completely new code from the ground up. Who would do that just for a pump and dump? So much easier to clone btc if its just to pump and dump.

is new code but also it use some bitcoin tech right? - like similiar idea - satoshi is a good contribute to cryptonote or could cryptonote be here with no satoshi?

This is correct. Cryptonote would surely not exist without satoshi. Hail his high holyness.

[Azael]

XMR went from $25M to close to roughly $60M market cap on a DNM announcement.
FCT has Department of Homeland Security and a Wall Street firm amongst their clients.

There's a mismatch with the demographic of crypto here and many investors put their idealism before money. The US government and Wall Street are easily in the top 5 of what most crypto people despise and for this reason it'll take some time to reach price discovery. The kind of revenue US government and Wall street can generate stomps any shady DNM.


I like Monero though and hold some but the two should definitely reach parity again at some point.

The DHS awarded Factom $199K and the Wall Street firm in question is a Florida-based startup with $500K in seed funding. Sure we can abstract away and add gravitas by calling it 'US government' and 'Wall Street', but the details matter. After all, Monero's rise was due to the largest DNM adopting it, not merely any DNM.

I could write an essay but who wants to read more than a few paragraphs in a speculation thread? Not me. Details and backstory are easily found in Google I just put together the interesting parts in comparison to Monero. And DHS is actually a client for Factom not just "here have some money". Some IoT thing with blockchains who cares I don't care about IoT but they're supposed to develop this thing for DHS.

And DHS is a part of the US government so there's nothing wrong in calling it that. I don't care about DHS or what they do, I only care that they are from the US government not like I am gonna learn every US agency and what they do or what they are called and I don't expect other non US citizens to either.

Same goes for one of many analytic firms on Wall Street..

[iCEBREAKER]

XMR articles about DNM adoption on frontpage of:

vocativ.com - 4 million monthly traffic
newsbtc.com - 400k
cryptocoinsnews.com - 1 million

not on frontpage:
sputniknews.com - 30 million

numbers pulled from similarweb.com

wtf?  time to buy ads on sputniknews!

j/k dinosaur media (wsj/forbes/nyt) will be chattering about XMR in the 9/4 Sunday paper.

[Anon136]

XMR went from $25M to close to roughly $60M market cap on a DNM announcement.
FCT has Department of Homeland Security and a Wall Street firm amongst their clients.

There's a mismatch with the demographic of crypto here and many investors put their idealism before money. The US government and Wall Street are easily in the top 5 of what most crypto people despise and for this reason it'll take some time to reach price discovery. The kind of revenue US government and Wall street can generate stomps any shady DNM.


I like Monero though and hold some but the two should definitely reach parity again at some point.

The DHS awarded Factom $199K and the Wall Street firm in question is a Florida-based startup with $500K in seed funding. Sure we can abstract away and add gravitas by calling it 'US government' and 'Wall Street', but the details matter. After all, Monero's rise was due to the largest DNM adopting it, not merely any DNM.

What is it just like storing merkle tree hashes of your company data in the blockchain? From a cursory glance that's what it looks like. They need 700k in seed funding for that?

[iCEBREAKER]

Now mining only 13 blocks on average per day, with the new diff increase i'll be lucky if i do 10...

What kinda hardware do you do that with? I have a gtx 980. I wonder if I could ever get any blocks with that.

I remember in 2011 when I could have mined Bitcoins but would 'only' get one or two a week.  They were only worth a few dollars each so it really wasn't worth my time.  

[nanobrain]

From Google trends (search term Monero)



If you search for xmr you see the same data but by region it gets interesting - Canada is going hard for XMR.  Noticeable also that there's still not much interest from Europe or Australia - so big markets still to get on board.

[kaeste]

Last 7 days totally looks like monero chart, lol.

[primer-]

He is ofcourse lying about his mining and of how profitable mining is.  Mining was very profitable when price was halved. Now is super profitable. But for sure miners will join with time.

Do the math yourself idiot. A single GTX 800 hashes at 600H/s - that is .2 XMR per day

[Globb0]

He is ofcourse lying about his mining and of how profitable mining is.  Mining was very profitable when price was halved. Now is super profitable. But for sure miners will join with time.

Do the math yourself idiot. A single GTX 800 hashes at 600H/s - that is .2 XMR per day

Maths

[Azael]

He is ofcourse lying about his mining and of how profitable mining is.  Mining was very profitable when price was halved. Now is super profitable. But for sure miners will join with time.

Do the math yourself idiot. A single GTX 800 hashes at 600H/s - that is .2 XMR per day

I have XMR loans out on Polo for 0.49% a day for 60 days. Should they be out for the full duration that'd be a 29.4% XMR return.

Doubt we'll see those rates soon again though. Got them in when the price were around 0.005 and the XMR loaning market were illiquid since people rather took margin with their XMR or wanted to be ready to sell their XMR when it was breaking out thinking it will be temporary. Whoever has my XMR now is trapped inside a horrific short position and seemingly unwilling to cut losses.

This is something for miners who do not care about trading to be aware of. Next time XMR breaks out be sure to check out the lending market instead of taking the 0.15%/day rates you have there now.

[DaveyJones]

He is ofcourse lying about his mining and of how profitable mining is.  Mining was very profitable when price was halved. Now is super profitable. But for sure miners will join with time.

Do the math yourself idiot. A single GTX 800 hashes at 600H/s - that is .2 XMR per day

I have XMR loans out on Polo for 0.49% a day for 60 days. Should they be out for the full duration that'd be a 29.4% XMR return.

Doubt we'll see those rates soon again though. Got them in when the price were around 0.005 and the XMR loaning market were illiquid since people rather took margin with their XMR or wanted to be ready to sell their XMR when it was breaking out thinking it will be temporary. Whoever has my XMR now is trapped inside a horrific short position and seemingly unwilling to cut losses.

This is something for miners who do not care about trading to be aware of. Next time XMR breaks out be sure to check out the lending market instead of taking the 0.15%/day rates you have there now.

Lucky you ... my loan was closed when we hit 950 :/