[XMR] Monero Speculation

[americanpegasus]

Those ghosted lines that say "ideal".... where is that coming from?  I'd love to read someone's theory about an ideal amount of capital distribution between rich and poor. 
 
Also, you're right.  Those who early adopted bitcoin got rich.... but because a significant portion (well, far more significant than 2009) have heard about cryptocurrency the distribution of Monero will be vastly more fair than Bitcoin.  For one thing, no one person could likely ever hold 10% without spending a fortune in the very earliest days (now) which isn't a prudent move from a strategic standpoint. 
 
But it is a good argument..... some say that wealth distribution is flawed in crypto, but it's also flawed in the dollar.  The difference is that with fiat the game is rigged so the distribution will continue to grow worse while with even the most primitive crypto (bitcoin) at least a poor wealth distribution will remain stagnant. 
 
I'm still not sold that disinflation is better than regular ol' inflation (ala 1% / 2% in perpetuity) but it serves as a useful tool to replace lost coins and keep the total float in the tens of millions.

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[americanpegasus]

NM, I found the original video: 
https://www.youtube.com/watch?v=QPKKQnijnsM

[TrueCryptonaire]

 
I'm still not sold that disinflation is better than regular ol' inflation (ala 1% / 2% in perpetuity) but it serves as a useful tool to replace lost coins and keep the total float in the tens of millions.

It is pretty clear that from the point of view of economics, ongoing deflation is bad. This is pretty simple to prove also.
After highly inflationary period it might be healthy to have a (short) period of deflation but overall inflation is better than deflation.

[kenji]

oh oh this dosent look very good at the moment
seems like we are going to see sub 0.0023 soon

[jehst]

If bitcoin goes to the doubledigits, do you think it could it be dethroned by another alt with lower supply inflation? If things get really bad, then a small group of determined people might be able to push their crypto ahead of bitcoin.

[TrueCryptonaire]

oh oh this dosent look very good at the moment
seems like we are going to see sub 0.0023 soon

I agree.
Dump it, but please waite until my btc loan expires so I am able to roll in the bids initial lent btc capital + earned interest. 

[rpietila]

How do you keep your energy so high? I love crypto but this has been a brutal 1-2 years.

I took 16 years from the determination to become a millionaire to actually becoming one. So 1-2 years is not too bad.

You should have multiple energy sources - when one is consuming more energy than it produces at the moment, you can allocate it more energy from your other sectors. Crypto Kingdom is (again) good, because it has become an energy source for many, not just an energy sink.

[jehst]

How do you keep your energy so high? I love crypto but this has been a brutal 1-2 years.

I took 16 years from the determination to become a millionaire to actually becoming one. So 1-2 years is not too bad.

You should have multiple energy sources - when one is consuming more energy than it produces at the moment, you can allocate it more energy from your other sectors. Crypto Kingdom is (again) good, because it has become an energy source for many, not just an energy sink.

16 years. That puts it in perspective.

[g4q34g4qg47ww]

... However, I hope the majority will end up at least middle class in this ride.  

 
Global resources would easily support a system where all humans earn a modest living wage, and then depending on talent and willingness to work they could earn a commensurate salary: it's the ideal mix between socialism and capitalism.  The most talented and hardest working humans deserve to earn very high salaries while no one deserves to go hungry/sick.  I think this is something that we can all agree on, and I also believe that giving every human something of value that can be *lost* should they resort to violence and crime is also a powerful motivator that will see crime rates plummet.  
  
The only problem with this ideal meritocracy is the canvas of global politics and money which basically makes it impossible.  Crypto is the hot razor that will slice right through that untearable fabric and help build a world that operates on a level that makes this one looks like the stone age.  
  
In the big picture?  This isn't about the rich and poor.... we're trying to escape any of the thousand catastrophes which could wipe out sentience here at any moment.  The critical mass of intelligence on this planet has been reached, and either we will ignite a form of conscious fusion, or we will implode back into the nothingness from whence we emerged.  
  
Wouldn't it be neat if Monero really is one of those crucial molecules on the path to where we're going?

americanpegasus is growing on me

[smoothie]

Liquidity has come back. That is what I like to see. My general expectation is for USD Price floor to rise inversely as block reward declines, until DNM adoption increases currency use.  Being the most liquid privacy-enabled coin in the universe makes the selection of XMR a no-brainer.

DNM??

[dEBRUYNE]

Liquidity has come back. That is what I like to see. My general expectation is for USD Price floor to rise inversely as block reward declines, until DNM adoption increases currency use.  Being the most liquid privacy-enabled coin in the universe makes the selection of XMR a no-brainer.

DNM??

Darknetmarkets. Nice to see you back in the XMR topics btw :-)

[smoothie]

Liquidity has come back. That is what I like to see. My general expectation is for USD Price floor to rise inversely as block reward declines, until DNM adoption increases currency use.  Being the most liquid privacy-enabled coin in the universe makes the selection of XMR a no-brainer.

DNM??

Darknetmarkets. Nice to see you back in the XMR topics btw :-)

I never left. I lurk from time to time.

 

[thefunkybits]

XMR at the lower limits of its trend line?

I wouldn't be surprised to see a wick below 0022 but me thinks we're getting close to a change in trend

[dEBRUYNE]

Liquidity has come back. That is what I like to see. My general expectation is for USD Price floor to rise inversely as block reward declines, until DNM adoption increases currency use.  Being the most liquid privacy-enabled coin in the universe makes the selection of XMR a no-brainer.

DNM??

Darknetmarkets. Nice to see you back in the XMR topics btw :-)

I never left. I lurk from time to time.

 

Good to hear!

XMR at the lower limits of its trend line?

I wouldn't be surprised to see a wick below 0022 but me thinks we're getting close to a change in trend

The trendline is currently sitting at 0.0022, perhaps 0.00224 will make a nice local bottom :-) Furthermore, the declining volume indicates less hefty selling.

EDIT: Channel visualized, lower line is at 0.0022, upper line at 0.00252

[kazuki49]

... However, I hope the majority will end up at least middle class in this ride. 

 
Global resources would easily support a system where all humans earn a modest living wage, and then depending on talent and willingness to work they could earn a commensurate salary: it's the ideal mix between socialism and capitalism.  The most talented and hardest working humans deserve to earn very high salaries while no one deserves to go hungry/sick.  I think this is something that we can all agree on, and I also believe that giving every human something of value that can be *lost* should they resort to violence and crime is also a powerful motivator that will see crime rates plummet. 
 
The only problem with this ideal meritocracy is the canvas of global politics and money which basically makes it impossible.  Crypto is the hot razor that will slice right through that untearable fabric and help build a world that operates on a level that makes this one looks like the stone age. 
 
In the big picture?  This isn't about the rich and poor.... we're trying to escape any of the thousand catastrophes which could wipe out sentience here at any moment.  The critical mass of intelligence on this planet has been reached, and either we will ignite a form of conscious fusion, or we will implode back into the nothingness from whence we emerged. 
 
Wouldn't it be neat if Monero really is one of those crucial molecules on the path to where we're going?

americanpegasus is growing on me

the dude is awesome, this community is amazing.

[Bassica]

Any more?

Ive always been a fundamentals guy so i marvel at people who use technicals to ride the wave.

Nice price move for bulls to .0055-.006 range.

DEPTH:
80K XMR / 80 btc
67K XMR / 125 btc
56K XMR / 164 btc (today)

Crazy move on depth as the balance has moved from 50/50 XMR (in thousands) at rougly .003 to 25%/75% at double that.

We'll use this ratio as a measuring stick for later price moves (EG: Looking for something like 25k XMR / 300 BTC at a price of .0001 would be continued bullish movement. If it doesn't keep up not a good sign.)



CHART:
Stayed above EMA except one dip. strong bullish trending.



HASH/DIFF:

Jump to 7.4 mm from 5.5 over past 2-3 days. Continued adoption.



We'll see what happens.

Can't find the link for Mintpal voting but currently #4.

Speculation on GUI miner and Mintpal voting seem to be current drivers. Anyone got anything else upcoming folks are interested in with Monero in a nutshell?

Oh I remember those days...

Soon^TM

_{cross post alert}

[smoothie]

How do you keep your energy so high? I love crypto but this has been a brutal 1-2 years.

I took 16 years from the determination to become a millionaire to actually becoming one. So 1-2 years is not too bad.

You should have multiple energy sources - when one is consuming more energy than it produces at the moment, you can allocate it more energy from your other sectors. Crypto Kingdom is (again) good, because it has become an energy source for many, not just an energy sink.

Please tell us your 16 year story.

[pinky]

How do you keep your energy so high? I love crypto but this has been a brutal 1-2 years.

I took 16 years from the determination to become a millionaire to actually becoming one. So 1-2 years is not too bad.

You should have multiple energy sources - when one is consuming more energy than it produces at the moment, you can allocate it more energy from your other sectors. Crypto Kingdom is (again) good, because it has become an energy source for many, not just an energy sink.

Please tell us your 16 year story.

+1

[dEBRUYNE]

How do you keep your energy so high? I love crypto but this has been a brutal 1-2 years.

I took 16 years from the determination to become a millionaire to actually becoming one. So 1-2 years is not too bad.

You should have multiple energy sources - when one is consuming more energy than it produces at the moment, you can allocate it more energy from your other sectors. Crypto Kingdom is (again) good, because it has become an energy source for many, not just an energy sink.

Please tell us your 16 year story.

+1

It's somewhere in his posts. I know this for a fact because I've read it before, so if anyone is feeling like playing post-dig-up'er feel free to do so :-P

[slap]

humpty dumpty 199999
someone thought xmr was apple?
Any thoughts on trendline now?