Anon136
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April 17, 2015, 08:13:09 PM |
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I've been watching this market pretty closely lately and i just wanted to share an observation and some implications of that observation.
Earlier today someone posted a 10,000 monero buy wall at 0.003. That wall remained for about as long as it would take someone to send monero from cold storage to poloniex and than execute a trade. It was taken down in one fell swoop. I find it interesting that this seems to occur again and again any time someone puts up a buy wall of reasonable size near the current price. Who ever this/these buyers are, they are always willing to sell but never willing to take the price down in the process. They want to take some profit, but they care about not crashing monero into the ground. This would seem to indicate that they have a more monero in storage than they are selling. And we know they are selling a lot.
What can we infer about the buyer? well not a lot. He could be a whale who wants more, or he could be a fish hoping to grow into a whale, or he could be a lot of fishes hoping to grow into dolphins. So we dont really know much about them at all. So on average there is a reasonable chance that they are smaller holders.
This hints at the distinct probability that the currency holding is becoming more widely distributed.
If this is this is the case than there are some things we can deduce from this. In a market where the asset is more distributed prices are more useful and more meaningful. Thus as a currency monero has more utility. It means that so long as the price holds throughout this process, the smaller holders are going to be more likely to clench onto their small holdings. After all a small holder is more willing to take a loss than someone who invested a quarter of a million dollars. Also a small holder can wait to cash out on low liquidity (i.e. a higher price) a large holder cant be so focused on the price, he has to take advantage of liquidity where ever he can get it. So the longer this process goes on the more bullish things become. Its like a rocket that's slowly being fueled up.
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Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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traderman
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April 17, 2015, 08:48:10 PM |
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macsga
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April 17, 2015, 09:01:46 PM |
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I've been watching this market pretty closely lately and i just wanted to share an observation and some implications of that observation.
Earlier today someone posted a 10,000 monero buy wall at 0.003. That wall remained for about as long as it would take someone to send monero from cold storage to poloniex and than execute a trade. It was taken down in one fell swoop. I find it interesting that this seems to occur again and again any time someone puts up a buy wall of reasonable size near the current price. Who ever this/these buyers are, they are always willing to sell but never willing to take the price down in the process. They want to take some profit, but they care about not crashing monero into the ground. This would seem to indicate that they have a more monero in storage than they are selling. And we know they are selling a lot.
What can we infer about the buyer? well not a lot. He could be a whale who wants more, or he could be a fish hoping to grow into a whale, or he could be a lot of fishes hoping to grow into dolphins. So we dont really know much about them at all. So on average there is a reasonable chance that they are smaller holders.
This hints at the distinct probability that the currency holding is becoming more widely distributed.
If this is this is the case than there are some things we can deduce from this. In a market where the asset is more distributed prices are more useful and more meaningful. Thus as a currency monero has more utility. It means that so long as the price holds throughout this process, the smaller holders are going to be more likely to clench onto their small holdings. After all a small holder is more willing to take a loss than someone who invested a quarter of a million dollars. Also a small holder can wait to cash out on low liquidity (i.e. a higher price) a large holder cant be so focused on the price, he has to take advantage of liquidity where ever he can get it. So the longer this process goes on the more bullish things become. Its like a rocket that's slowly being fueled up.
I have the same feeling but with a different way of thinking. I believe XMR is a WIP that slowly but surely gets where it should be. The good thing is, that it's pretty early for adopters to get in (the price is still pretty nice - I've averaged my stash @ ~0.002) and the variance gives the opportunity to traders to get more for less. I strongly believe that XMR needs to be into more exchanges with high liquidity. Polo is nice but it's also a possible liability. I don't feel comfortable after being Goxxed leaving even 100XMR on an exchange, except if I wish to sell/buy... ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
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Chaos could be a form of intelligence we cannot yet understand its complexity.
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nakaone
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April 17, 2015, 10:25:29 PM |
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for some reasons I think btc-e would be the best fit ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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dEBRUYNE
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April 17, 2015, 11:55:06 PM |
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for some reasons I think btc-e would be the best fit ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) It would certainly align with their interests to stay anonymous, but if I recall correctly they are still in the process of removing/delisting old altcoins.
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medusa13
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hello world
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April 18, 2015, 12:02:42 AM |
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my impression was different today. only 1 buyer and many sellers that took the opportunity to exit nicely before 280 eventually breaks. the 10k wall was down so fast it was crazy, but i think several people dumped into it once they realized it wont hold long. no one dares to touch the support and its good like that, those who have enough ammunition to take it down have no interest in doing so it seems. it feels to me most of the bigger holders are still trying to accumulate more, but also fear bigger fish to eat their position and only go short carefully. i would also buy 10k more if i had the money to be honest ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) preferably at 280 but i would also take it at 300 ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) but really, who sells now anyway? fuck the profit, tomorrow is moneros first birthday ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) i see chances that devs suprise us on birthday or maybe next monday with the db finally rolled out. ![Kiss](https://bitcointalk.org/Smileys/default/kiss.gif)
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XMR Monero
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Anon136
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April 18, 2015, 12:04:35 AM |
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Hey risto. At what price are we having the party at your house? Also, am I invited?
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Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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dEBRUYNE
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April 18, 2015, 12:27:39 AM |
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Hey risto. At what price are we having the party at your house? Also, am I invited?
More info here -> https://forum.getmonero.org/14/events/121/10-usd-monero-party. Probably all Monero holders are warmly welcome ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) PS: It states the following: "The location (or locations) of the party (parties?) as well as the scope of what is included it not defined yet, but we'd like it to be a seamless experience - so this would probably mean you pay your plane/train... ticket and we take care of the rest (food and drinks, accomodation, guided tours, memorable gifts...)", but if I recall correctly the intention was to host it at Malla.
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rpietila
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April 18, 2015, 08:24:23 AM |
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my impression was different today. only 1 buyer and many sellers that took the opportunity to exit nicely before 280 eventually breaks. the 10k It is a mistake to sell when it has not even broken. After 6 tries and a large and steadfast bid support, it seems more that people wish it to fall than it actually was about to fall. This is a low-risk buy zone rather. Hey risto. At what price are we having the party at your house? Also, am I invited?
Grand Malla Bitcoin Ball (intercontinental bitcoin event) is there in June. There are no commitments to have a XMR event yet - what would you like?
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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rpietila
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April 18, 2015, 09:58:15 AM |
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As for 280, first of all - it does not seem it is falling. Even if it does, technically the only sure consequence is that it becomes a strong resistance. Meaning that so far it has been risk-free to buy at 280 and sell higher, it would reverse and selling at 280 becomes the risk free bet. These tend to fulfill themselves. Here is a pitfall - it's difficult to determine what is real "falling" and what is not. In extreme volatility, even drop to 200k intraday and the subsequent rise to 300k does not constitute a "fall" rather is a further sign of the level "holding". In this case selling at the bottom makes you feel quite stupid very soon. Well, if it "falls" and cannot be penetrated upwards, this may or may not lead to a significant decline, and may or may not lead to volatility. A fall to 260 and price stickiness there is very much possible. The price level has in the last months been decided by the pressure of accumulation by new money vs. the willingness to push the price higher doing so. I still see very little speculative activity ("pump" etc.) that would have played a role and I also don't see that it would in the future. This cooling off has pretty much purged the few long speculators that entered in in the last stages in the runup to 430k. This new money is not scared of the price falling to 200k or even 100k (not that they believed it would happen anymore than I do, and not that they did not understand that they collectively are the ones to decide if it happens or not, any less than I do). They don't mind getting more coins for the amount that they have already decided to invest. They probably pay little attention to the admittedly quite well-served adage that the price can be <200 or >300 but not in between. They are often denominated in USD, or are not superstitious, or just frankly don't care, as a possible $25k or $100k or whatever investment is a side-side bet in their multimillion dollar portfolio, and the total time allocation to the investment might be zero until it has proven itself by rising at least 10x. (Cf. my involvement in Bitcoin where I did not even check the price nor moved my coins from Gox until several months after as it was clear it had not died). So I once again write in "speculation" thread with the advice to "not speculate". Kelly says that the highest percentage you should invest in a binary outcome should equal your probability of success. Since XMR's P of success is obviously not 100% or even close, investing this much leads you necessarily to consider it as a non-binary outcome asset, which (although is true ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) ) is not an optimal mindset for maximizing the long-term. Happy Moneroversary to all! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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opennux
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April 18, 2015, 10:35:34 AM |
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Hey risto. At what price are we having the party at your house? Also, am I invited?
Grand Malla Bitcoin Ball (intercontinental bitcoin event) is there in June. There are no commitments to have a XMR event yet - what would you like? What about an invitation where we don't know who sent it and to whom it was delivered, and the actual message of the invite? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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rpietila
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April 18, 2015, 11:59:33 AM |
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Anniversary is a good time to write more in depth as well.
Let us start from Bitcoin's first anniversary. There is no public post from satoshi commemorating it, and the project did not have that many public reasons for celebrating either. The difficulty had finally risen from the starting value of 1 a few days before, but the community numbered only tens of somewhat active people. Bitcoin did not have reasonable exchange value and the market cap per coins issued was about $8,000.
What happened in the following year seemed like a miracle in comparison - by its second birthday, Bitcoin was widely known around the world in techie/progressive circles, 10,000s of people had first hand experience, hashrate grew by orders of magnitude and the market cap zoomed to $5,000,000.
I would say Monero has pretty much avoided the "1st year" (or compressed it in the pre-exchange era lasting for 1 month) and zoomed directly in the 2nd year. The community is very active, and 10,000s of people have at least speculated with Monero. Just like with Bitcoin then, the use of Monero has required skill, it is a new technology, and tools to use it are only becoming available as the community develops them. The market cap is also in the same range as with Bitcoin then, with the main difference being no ninjamine - I am not accusing satoshi of doing anything immoral such as purposely hiding his project for a year, because the evidence does not suggest this - nevertheless it is good to recognize as a fact that satoshi owned 65% of all bitcoins in its first anniversary, 20% in the second, and still owns 7% (figures are minimum, additional mining with non-recognizable equipment cannot be ruled out).
From the perspective of distribution of coins and quality of the community, which I regard the topmost success factors in the cryptosphere, I am proud to believe that Monero now at least equals Bitcoin in its 2nd birthday.
Now we come to the technology. The obvious advantages of Bitcoin have only slowly become parts of the public knowledge. In any non-moderated discussion or comment section, there invariably are commenters who shout that "Bitcoin is a ponzi" (while not fulfilling any of the qualifications, starting from the lack of central issuer, or payout mechanism). Also "the Chinese will press the button and create more money" (no debunk needed) or "your balance may go poof any day" (happens sadly often, but has rarely anything to do with Bitcoin technology itself, and can mostly be avoided with precautions).
The negatives of open transaction ledger have become more apparent after Bitcoin gained wide recognition in 2013. Payments (so far) are difficult to preemptively block, but criminals and dissidents are now realizing that an untamperable public record of all your financial dealings is not really any better than a record of all your dealings in a bank account. The only difference between those is whether the public can access the information. The parties that you would rather not have the access have it in both cases.
While the general populace is still rather uncertain if the benefits of Bitcoin warrant them to try it out, this "new" information on the drawbacks of Bitcoin is spreading quickly among the people already in Bitcoin. In these conditions it is not very surprising that the BTC/USD rate has also declined and many of the leaders in Bitcoinsphere are actually short!
Monero has had intense experience of the mysterious codebase handed over to it by the CN developers, which according to David Latapie, is 86% rewritten for security reasons, while preserving the original idea by satoshi, and invention/implementation by CN, the ring signatures. During the 1 year, it has been tried to prove broken, both internally and externally, yet with quite meager results. Of all the coins in existence, my understanding is that Monero offers the most proven, most secure way to implement practical and easy-to-use anonymity.
Going to the 2nd year, the risks of some catastrophic failure in the technology are still present, but greatly reduced compared to the early days when the core team themselves only took the measures to understand the code, and there were issues with miner optimization, attacks believed to originate from the CN team, intense FUD, etc.
Pricewise, the record is mixed. Because Monero instantly grabbed the attention of many prominent bitcoiners, and went to exchange very soon, yet did not have any pre/insta/ninjamine/IPO/PoS or such things that quickly can meet the demand, its price rose quickly. The hangover came in the autumn, coupled with the depression in all crypto. Emission that in the summer could not meet the demand, was still sold to the market, and in the end, even the supporters turned to the idea of "selling now, buying back cheaper", the same that in my observation is prevalent in Bitcoin now, after their even longer and more depressing downtrend (don't get hurt!).
Such condition cannot last indefinitely, either the coin is abandoned and becomes worthless, or eventually there is a turn. Since the core team and the community showed very little signs of capitulation, it was only a matter of time, and the time came, and now we are by and large at an all time high in marketcap-measured-in-BTC, while barely started in unit-price-measured-in-USD. I don't very much care about other people's opinions (collectively reflected in these metrics), but if I did, I would regard the former as a proof of the potency of Monero and the latter as a proof of the short-term upside.
Short term, is however not the way I advise to treat Monero. Or depends in the definition. In the outside world, short term investments are a few years. Even a short-term stance towards Bitcoin has been successful, if the term is 2-3 years instead of months or weeks. Monero's development - while labeled as slow - is much faster than Bitcoin's, and that is much faster than most things outside crypto. I advice to be realistic in that anything with a $5 million market cap is likely to fail, and the total loss of investment should be almost the default. But also, the marketcap of any serious monetary system is not $5 million of current Monero, nor $5 billion of current Bitcoin, it starts at about $5 trillion of the current gold. A short-term investment of a few years is best achieved with sell targets after every rise in price (eg. 20% after every double). Even if the investment is long term, a periodic distribution of the stash is advisable, just with lower percents. Only when Monero achieves purchasing power stability can it rid itself from the speculative character, and the purchasing power stability can only be achieved at a very much higher valuation. These things need to be taken into account as facts, regardless of the wishes that they did not exist.
For the following 12 months, I see that Monero needs to, and likely succeeds, in achieving the status of the "leader of the altcoins" and the "hedge of BTC". There has not been any new alts since Monero that strive to this position, all the new production is either lame clones or 2.0 coins, which serve a different need and segment. The alts currently above XMR in marketcap (filter premined&non-mineable) are Litecoin, Dogecoin and Peercoin, none of which has shown much development or innovation in the last year, and all of which being copies of BTC, suffering from the public blockchain.
The developers are clear in the development issues and they will be released when ready. While some say that mainstream adoption requires GUI and whatnot, I am strongly on the opinion that mainstream is not the target group for a currency that only has a few 10k owners atm. Increasing the valuation is a target that can be achieved by explaining the merits to the people who have money (new money VC-type guys). Increasing the adoption happens quite naturally among the BTC-owners once they have time to think about things. All alts are regarded as shitcoins by many, solely because of ignorance. The same time that, applied to my thinking, lead me to convert from mainstream to silver, and from silver to BTC, and from BTC to XMR, works also on these people, slowly. I envision that this process will start on this 2nd year of Monero, and the results are already visible as an increased marketcap by the end of the 2nd year.
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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Hueristic
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April 18, 2015, 03:04:20 PM |
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I think they are biased. Not a fan. for some reasons I think btc-e would be the best fit ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Aren't they the exchange that froze all that BTC because it was tainted? Not sure I can trust an exchange that might freeze my funds.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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MataKhobRazi
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April 18, 2015, 09:23:37 PM |
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I sometimes read that people think bitcoin or monero can reach a price of 100'000$, 500'000$ or 1'000'000$ (rptiela posts for example) if it succeeds to become a "global currency" because such currency should then have a market cap of trillions. Do you all really think we can see something like that happen in the future (5, 10 or 20 years) ? Because if a crypto like bitcoin become so important, it would be a threat to the power of the governements, and even worse if it is monero because it's untraceable. The governments (american, russian or chinese for example) will probably react and make these kind of crypto illegal and that's it. It would be the end... no ?
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nakaone
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April 18, 2015, 09:34:20 PM |
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I sometimes read that people think bitcoin or monero can reach a price of 100'000$, 500'000$ or 1'000'000$ (rptiela posts for example) if it succeeds to become a "global currency" because such currency should then have a market cap of trillions. Do you all really think we can see something like that happen in the future (5, 10 or 20 years) ? Because if a crypto like bitcoin become so important, it would be a threat to the power of the governements, and even worse if it is monero because it's untraceable. The governments (american, russian or chinese for example) will probably react and make these kind of crypto illegal and that's it. It would be the end... no ?
no regarding market cap: risto is right here: if any cryptocurrency gains traction the market cap will at least be at least ten times higher than bitcoins current price probably even up to 100 times higher. a five trillion gold market cap is a different story and in current purchasing power I think it will probably need more than 1 generation - but we will see. money is a different story than technology - even bitcoin shows the first signs of behaving like an institution.
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rpietila
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April 18, 2015, 09:38:28 PM Last edit: April 18, 2015, 09:50:46 PM by rpietila |
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I sometimes read that people think bitcoin or monero can reach a price of 100'000$, 500'000$ or 1'000'000$ (rptiela posts for example) if it succeeds to become a "global currency" because such currency should then have a market cap of trillions. Do you all really think we can see something like that happen in the future (5, 10 or 20 years) ? Because if a crypto like bitcoin become so important, it would be a threat to the power of the governements, and even worse if it is monero because it's untraceable. The governments (american, russian or chinese for example) will probably react and make these kind of crypto illegal and that's it. It would be the end... no ?
Why do you think I am involved in crypto in the first place? Quoting the Declaration of Independence (of the United States): When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.--That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.--Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain administration is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States.
The United States is found on the principle that the people have a duty to not allow tyranny. Clearly the current living conditions (in the United States) are far more tyrannical than the ones that forced the independence in 1776, and are listed in the Declaration. If I was American, I would be among the true patriots, following not only the spirit, but also the letter of the Declaration of Independence in not allowing tyranny in my life, and a good place to start is where it is most apparent, in the realm of money. ADD: I regard violent means of overthrowing the tyrannical government as dysfunctional. Gandhi is more my style. If you never step down from the moral win position, the enemy spends all its power fighting you and exposing themselves, and even if you die, you win.
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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Hueristic
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April 18, 2015, 10:30:17 PM |
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...
ADD: I regard violent means of overthrowing the tyrannical government as dysfunctional. Gandhi is more my style. If you never step down from the moral win position, the enemy spends all its power fighting you and exposing themselves, and even if you die, you win.
Not that it is impossible anyway.
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jwinterm
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April 19, 2015, 01:40:18 AM |
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The United States is found on the principle that the people have a duty to not allow tyranny. Clearly the current living conditions (in the United States) are far more tyrannical than the ones that forced the independence in 1776, and are listed in the Declaration. If I was American, I would be among the true patriots, following not only the spirit, but also the letter of the Declaration of Independence in not allowing tyranny in my life, and a good place to start is where it is most apparent, in the realm of money.
This is hyperbolic rhetoric, in my opinion, especially with the parenthetical qualification "(in the United States)". In 1776 the people living in the soon-to-be states were paying fealty to a king thousands of miles away, having to let his soldiers stay in their homes, living with no representation, slavery, indentured servitude, and oppression of women, natives, and imported slave labor, etc. Maybe if you left off the qualification you could argue that the USA is now oppressing/tyrannizing people in other countries, but I'd still call that quite a stretch.
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cbeast
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Let's talk governance, lipstick, and pigs.
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April 19, 2015, 02:35:03 AM |
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The United States is found on the principle that the people have a duty to not allow tyranny. Clearly the current living conditions (in the United States) are far more tyrannical than the ones that forced the independence in 1776, and are listed in the Declaration. If I was American, I would be among the true patriots, following not only the spirit, but also the letter of the Declaration of Independence in not allowing tyranny in my life, and a good place to start is where it is most apparent, in the realm of money.
This is hyperbolic rhetoric, in my opinion, especially with the parenthetical qualification "(in the United States)". In 1776 the people living in the soon-to-be states were paying fealty to a king thousands of miles away, having to let his soldiers stay in their homes, living with no representation, slavery, indentured servitude, and oppression of women, natives, and imported slave labor, etc. Maybe if you left off the qualification you could argue that the USA is now oppressing/tyrannizing people in other countries, but I'd still call that quite a stretch. So you are saying the USA is not tyrannical?
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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jwinterm
Legendary
Offline
Activity: 3122
Merit: 1116
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April 19, 2015, 02:49:13 AM |
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The United States is found on the principle that the people have a duty to not allow tyranny. Clearly the current living conditions (in the United States) are far more tyrannical than the ones that forced the independence in 1776, and are listed in the Declaration. If I was American, I would be among the true patriots, following not only the spirit, but also the letter of the Declaration of Independence in not allowing tyranny in my life, and a good place to start is where it is most apparent, in the realm of money.
This is hyperbolic rhetoric, in my opinion, especially with the parenthetical qualification "(in the United States)". In 1776 the people living in the soon-to-be states were paying fealty to a king thousands of miles away, having to let his soldiers stay in their homes, living with no representation, slavery, indentured servitude, and oppression of women, natives, and imported slave labor, etc. Maybe if you left off the qualification you could argue that the USA is now oppressing/tyrannizing people in other countries, but I'd still call that quite a stretch. So you are saying the USA is not tyrannical? Pretty much, yes, especially within the context of people living within the United States. I know that's not a popular opinion among the uber-libertarians and crypto-anarchists that tend to be attracted to cryptocurrency, but it's just my opinion. Considering the list of world-powers/super-powers over the last few hundred years, the USA is probably the least tyrannical (maybe if you call the amalgam of countries that make-up the EU a super-power they would be a bit less "tyrannical").
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