[XMR] Monero Speculation

[wpalczynski]

Wallstreet is regulated and will never be allowed to use anon crypto.

I think smooth's point regarding off-chain/on-chain privacy leads to an important question: if you're going to depend entirely on off-chain privacy, why not just use bitcoin?

Because with bitcoin you can't do it trustlessly and decentralized.

Bitcoin plus dark wallet is probably better than DRK, assuming it gets popular enough, and maybe already. For one thing it has stealth addresses and DRK does not.

Except that Darkwallet transactions can be deanonymized, and there's likely nothing they can do to fix it.


Wrt instamine - in the big picture, we are all still instamining. When/if the mass adoption and wall street level investing occur, it doesn't matter much whether the instamine lasted for 2 days or 2 years.

[Viecoin]

It is so easy that I am crying to make it accessible for you  


- Buy XMR now at $0.35. Most people can set aside $1,000 so that'll be 3,000 XMR, a rather easy buy even in the illiquid exchange.

- Write it off. Don't care about what you could have bought with it. Work overtime to recoup the money if you must, or skip a trip, to make it emotionally OK that you have given the money away.

- Do some productive stuff, don't follow XMR unless you care about the nascent payment network and services in alpha stage.

- Wait, until it hits $2 (not that hard, we were doing it for months last summer; the ath = $5), if the day arrives, sell 500 XMR and get back 100% of your original investment. If anything, now you should be totally ok to just wait where it goes.

- Continue your life.

- Sell 500 XMR every time it goes up 10x from the previous sale. This way the schedule is:

500 XMR @ $2
500 XMR @ $20
500 XMR @ $200
500 XMR @ $2,000 (gain $1 million)
500 XMR @ $20,000 (gain $10 Mm)
500 XMR @ $200,000 except since at this point you are set for life plus have XMR that is worth 100 million in purchasing power, it's hardly necessary to sell it unless you need something.

$200,000 * 18 million coins = $3,600 billion, still <1% of the current total in USD-denominated assets, so as such, not even a win for crypto but a good start


ADD: Oh forgot to mention: never, EVER:

- sell at a loss
- deviate from the plan in any other way.

Took you up on this and stashed them in MyMonero. Thanks for the advice. Unfortunately that same $1k only got me a little over 2500 XMR at this time.

[TrueCryptonaire]

I wonder if the Monero bidding war start to heat this year or next year... 
It will be epic when it starts, when the big money enters, the small guys will be eaten alive while the sharks are merciless when hunting meat.

[wpalczynski]

2015 will be a great year for Monero.

[bitcoin4eva]

I haven't really followed the market of this coin but pretty much everything I've heard about it has been good.
I guess it would be a good time to invest something into it

[wpalczynski]

Read up on it here http://www.gomonero.com/.

I haven't really followed the market of this coin but pretty much everything I've heard about it has been good.
I guess it would be a good time to invest something into it

[smooth]

Important update for those that had funds on MintPal

We worked with the former MintPal developers who managed to get the wallet from the server, and we're happy to confirm that we have assisted them in recovering the *full* balance that was on MintPal. If you had Monero on it, you will have received an email from them, and you will be able to withdraw it. Not a single Monero was lost, which really is very fortunate.

[wpalczynski]

How much Monero was presumed lost on Mintpal?

Important update for those that had funds on MintPal

We worked with the former MintPal developers who managed to get the wallet from the server, and we're happy to confirm that we have assisted them in recovering the *full* balance that was on MintPal. If you had Monero on it, you will have received an email from them, and you will be able to withdraw it. Not a single Monero was lost, which really is very fortunate.

[wpalczynski]

Could be a big dump of the Mintpal coins incoming if/when people get their coins back.

looks like it wont take too much time until we attack 0019, pressure stays high.
i would get nervous too if i wouldnt sit on a big mountain of moneros

good luck guys

[pinky]

Could be a big dump of the Mintpal coins incoming if/when people get their coins back.

looks like it wont take too much time until we attack 0019, pressure stays high.
i would get nervous too if i wouldnt sit on a big mountain of moneros

good luck guys

Not many coins were there (I am guessing based on miserable volume when it was still online). I doubt that they will dump, because they bought when prices were much higher.

[Hueristic]

Could be a big dump of the Mintpal coins incoming if/when people get their coins back.

looks like it wont take too much time until we attack 0019, pressure stays high.
i would get nervous too if i wouldnt sit on a big mountain of moneros

good luck guys

Yeah, Interesting timing on that.

[stopsigningbitch]

Could be a big dump of the Mintpal coins incoming if/when people get their coins back.

looks like it wont take too much time until we attack 0019, pressure stays high.
i would get nervous too if i wouldnt sit on a big mountain of moneros

good luck guys

What?? Ryan Kennedy stole 3700 Bitcoins, not moneroj or darkcoins or vertcoins or any others.

Even if he's forced to pay everyone back, they'd be getting Bitcoins back.

[wpalczynski]

How so?

Could be a big dump of the Mintpal coins incoming if/when people get their coins back.

looks like it wont take too much time until we attack 0019, pressure stays high.
i would get nervous too if i wouldnt sit on a big mountain of moneros

good luck guys

Yeah, Interesting timing on that.

[wpalczynski]

Somehow he couldnt get his grubby little hands on 124k moneroj.

Could be a big dump of the Mintpal coins incoming if/when people get their coins back.

looks like it wont take too much time until we attack 0019, pressure stays high.
i would get nervous too if i wouldnt sit on a big mountain of moneros

good luck guys

What?? Ryan Kennedy stole Bitcoins, not moneroj or darkcoins or vertcoins or any others.

Even if he's forced to pay everyone back, they'd be getting Bitcoins back.

[nioc]

How much Monero was presumed lost on Mintpal?

124 896 XMR, all recovered:)

This is from the main thread.  I was lucky enough to have moved my coins off Mintpal.

Thank you fluffypony and all that were involved and good luck to those who had Moneroj stuck on Mintpal.

[dchou]

Confirmed. I received my Mintpal coins just now.

[wpalczynski]

When did they notify people?

Confirmed. I received my Mintpal coins just now.

[dchou]

I got the form email from Ferdous yesterday.

[illodin]

What?? Ryan Kennedy stole 3700 Bitcoins, not moneroj or darkcoins or vertcoins or any others.

Even if he's forced to pay everyone back, they'd be getting Bitcoins back.

Why you keep talking about things you don't know about. You've been caught talking shit previously already.

From the Mintpal scam thread:

Of the wallets recovered from V1, we have processed withdrawal of TES, KARMA, FAIR, FLT with the help of the developer teams of these coins.

I currently still have the XMR wallet. Every other altcoin wallets are empty, as they seemed to have "migrated" to V2, aka., Ryan emptied them out AFAIK.

So it looks like Ryan Kennedy stole for example Darkcoins and was dumping them during the downtrend few months ago.

[0nlyBTC]

So what's up with price bump recently?