[XMR] Monero Speculation

[dEBRUYNE]

**Funding required! Improving Developer Guides to include Simplewallet examples and Bitmonerod methods and examples**

https://forum.getmonero.org/8/funding-required/2504/improving-developer-guides-to-include-simplewallet-examples-and-bitmonerod-methods-and-examples

[lolikop]

**Funding required! Improving Developer Guides to include Simplewallet examples and Bitmonerod methods and examples**

https://forum.getmonero.org/8/funding-required/2504/improving-developer-guides-to-include-simplewallet-examples-and-bitmonerod-methods-and-examples

Fund complete within an hour nice

[nioc]

Nioc: 15m. 

Looks to me like equilibrium will be around room temperature Kelvin for a while, if the fireworks are over now.

My room temp is 298K, must be cold in your office 

Looks like aminorex was just a little ahead of us, what else is new

Monero's current temperature is 298

while writing it be rising

[boolberry]

**Funding required! Improving Developer Guides to include Simplewallet examples and Bitmonerod methods and examples**

https://forum.getmonero.org/8/funding-required/2504/improving-developer-guides-to-include-simplewallet-examples-and-bitmonerod-methods-and-examples

Fund complete within an hour nice

Funding system is working great! Thanks for proposing this.

[iCEBREAKER]

**Funding required! Improving Developer Guides to include Simplewallet examples and Bitmonerod methods and examples**

https://forum.getmonero.org/8/funding-required/2504/improving-developer-guides-to-include-simplewallet-examples-and-bitmonerod-methods-and-examples

Fund complete within an hour nice

What took so long?  

*kidding*

It's such a gratifyingly stark contrast between Monero's laissez-faire voluntary grassroots FFS and Dash's inflationary top-down zero-sum compulsory emission-funded budgets.

Our way generates enthusiasm when a project is proposed and as it's funded/completed.  There is no limit to what we can do.  Plus Monero is taken out of circulation until the recipient spends it, which supports the price.

Dash's way generates bickering as different projects fight over the available funds, and amplifies lingering community bitterness as support for formerly popular projects wanes (EG the overpriced soda machine and useless PR agency fiascoes).  Not to mention new Dash are created as needed, using magic-wand/printing-press style fiat power, and dumped on the market ASAP (to cover fiat expenses).

[Dotto]

Here we go again... monero today is a party

[aminorex]

mcap has surpassed the venerable peercoin.  

[hitchingAride]

Why is ethereums market cap so much higher worth 2,229,231 BTC vs xmr 34,969 BTC market cap. Doesn't make sense to me I hope this can change

[iCEBREAKER]

Why is ethereums market cap so much higher worth 2,229,231 BTC vs xmr 34,969 BTC market cap. Doesn't make sense to me I hope this can change

ETH is *much* more high profile (EG, Keynote Speaker Szabo + Imogen Heap + IBM/Microsoft is hard to beat) and the goal is easier to understand/appreciate than fungibility (Global supercomputer?  You mean like Skynet from The Terminator?  Cool!").

[lolikop]

Why is ethereums market cap so much higher worth 2,229,231 BTC vs xmr 34,969 BTC market cap. Doesn't make sense to me I hope this can change

ETH is *much* more high profile (EG, Keynote Speaker Szabo + Imogen Heap + IBM/Microsoft is hard to beat) and the goal is easier to understand/appreciate than fungibility (Global supercomputer?  You mean like Skynet from The Terminator?  Cool!").

We should set a timer when ¨Skynet¨ will go online worldwide 

[klee]

A whale now should clean the 320 area. I am sure a lot of stops hide there...

[dEBRUYNE]

From Poloniex:

We will be adopting a maker-taker fee schedule beginning March 20th. For more information, visit: https://poloniex.com/fees

Any opinions? Not sure if good or bad. Ought to provide more liquidity ask/bid wise since it will be more expensive to marketbuy.

[25hashcoin]

Coming for doge and trash.

[birr]

From Poloniex:

We will be adopting a maker-taker fee schedule beginning March 20th. For more information, visit: https://poloniex.com/fees

Any opinions? Not sure if good or bad. Ought to provide more liquidity ask/bid wise since it will be more expensive to marketbuy.

I opted in to the new fee schedule.
I was already placing all my orders as limit orders.  Using limit orders imposes self-discipline.  And it's good for the market.

[owm123]

From Poloniex:

We will be adopting a maker-taker fee schedule beginning March 20th. For more information, visit: https://poloniex.com/fees

Any opinions? Not sure if good or bad. Ought to provide more liquidity ask/bid wise since it will be more expensive to marketbuy.

I opted in to the new fee schedule.
I was already placing all my orders as limit orders.  Using limit orders imposes self-discipline.  And it's good for the market.

I dont understand the new fees. Could someone explain this in plain english. What are the pros and cons for traders of this change?

[TrueCryptonaire]

From Poloniex:

We will be adopting a maker-taker fee schedule beginning March 20th. For more information, visit: https://poloniex.com/fees

Any opinions? Not sure if good or bad. Ought to provide more liquidity ask/bid wise since it will be more expensive to marketbuy.

I do not know about you but personally these fees have never been an obstacle for me to buy Moneros.
After all, purchasing 1000 xmr with highest fees will cost you 2,5 XMR (instead of 2 XMR). Also, it might create less eagerness to dump but put coins for sale and waite until someone buysthose coins.

Personally I am more than compensating my fees by lending the newly purchased Moneros for some time in p2p-markets before I withdraw them.

[persiancat]

XMR is currently at 0.00303800 from its previous low of 0.00223310
In other words, XMR is up 36%

ETH is currently at 0.02915000 from its previous low of 0.02122200
In other words, ETH is up 37%

Given the correlation between these two, I'd say XMR rise is not because market participants are buying due to its fundamentals.
Rather its just hot money flowing into both markets.

We'd be more pleased if XMR increases in value independently of others.
That will speak volumes about the market's confidence in XMR's as a unique and viable currency.

Hot money inflows doesn't mean much. A rising tide lifts all boats.

For a real world example, see how stocks around the world performed after US Fed initiated QE1, QE2 and QE3.

[iCEBREAKER]

Given the correlation between these two, I'd say XMR rise is not because market participants are buying due to its fundamentals.
Rather its just hot money flowing into both markets.

We'd be more pleased if XMR increases in value independently of others.
That will speak volumes about the market's confidence in XMR's as a unique and viable currency.

Hot money inflows doesn't mean much. A rising tide lifts all boats.

For a real world example, see how stocks around the world performed after US Fed initiated QE1, QE2 and QE3.

ETH (and recently Factom, MaidScam, etc.) came to Polo because as the exchange with all the XMR stuff, all the cool kids hipsters hang out there.

Hot money inflows raise the price, which allows each tx to do more economic work using less tacoshi.  That feeds the virtuous circle between transactional utility and wealth preservation functionality.

[TrueCryptonaire]

I was satirical. My honest opinion is that bitcoin is not dying, that it won't be replaced, and if it did happen it would be a disaster for the cryptocurrency space. All coins would suffer tremendously if it takes that little for the next coin to come along and replace current. A lot of faith would be lost.

Monero is what I look at as a complementary currency.

We need first define what do we mean by replacing btc.
Personally I mean XMR matketcap exceeds btc's marketcap and thus has chance to gain some network effect as well.

Sure btc network will continue and as long as there is some kind of marketcap left there will be liquidity to sell your coins. So if I call btc "dead" I do not mean so much that btc will not work technologically (which it has hard time now because the transactions take so awfully long time to confirm these days).

[smooth]

From Poloniex:

We will be adopting a maker-taker fee schedule beginning March 20th. For more information, visit: https://poloniex.com/fees

Any opinions? Not sure if good or bad. Ought to provide more liquidity ask/bid wise since it will be more expensive to marketbuy.

I opted in to the new fee schedule.
I was already placing all my orders as limit orders.  Using limit orders imposes self-discipline.  And it's good for the market.

I dont understand the new fees. Could someone explain this in plain english. What are the pros and cons for traders of this change?

When you make a market buy or sell, you pay the "taker" fee (starting at 0.25% in the new system).

When you place a buy or sell order that stays on the book and it gets executed, you pay the "maker" fee (starting at 0.15% in the new system).

The pros are:

1. That it encourages people to place orders on the book, increasing liquidity
2. Lower fees if you place orders on the book

The cons are:

1. Discourages market buys/sells, which may reduce the ability to trade patiently and get better prices
2. Higher fees if you make market buys/sells.

The new fees are also discounted for higher volume traders, which is an advantage if you are one, but irrelevant if you are a low volume trader.