TheKoziTwo
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April 15, 2016, 01:51:50 PM |
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Do you think USD/EUR to XMR gateway would boost Monero?
(Assuming you mean boost the price.) By a little, at least in the short term. Longer term the effect may be larger but it will be impossible to run the experiment since there either will or will not be such gateway. Purely my opinion with no supporting evidence. Is it so difficult to set up a fiat/xmr gateway? Technically no. Legally I'd argue that it's impossible long term. For short term it could work, but the barrier to entry is high. Depending on where you live you'd expect there to be things like license to operate, KYC requirements, troublesome banks and other ridiculous regulations and/or taxes. I think a gateway using something like Tether USD could be a reasonable compromise. Why? Because of the anonymous nature of XMR? Yes. Just look at how governments has been cracking down on tax havens for the last decade. Or how the US shut down wonderful inventions like e-gold, liberty reserve, liberty dollar etc and gave the owners labels such as money launderers, child pornographers, domestic terrorists. These services was not even close to as anonymous and dangerous as XMR is. I think it is only a question of time before XMR (or anonymous cryptocurrencies in general) will become the scapegoat of the Four Horsemen of Infocalypse. Do you think USD/EUR to XMR gateway would boost Monero?
Regarding USD we already got something better: Tether USD. It's trading on poloniex ( XMR/USDT). Tether USD is blockchain based (on counterparty) and that means you can store the USD in your own cold storage and/or easily transfer them between different exchanges. USDT is still centralized in the sense that it's backed by real USD managed by one entity, but it's one step beyond storing the USD on an exchange as it allows people to trade outside of the exchange. Also, tether has only one job: to back the asset. If you store USD on any exchange and it suffers loss in any other currency you risk socialized losses, or to be brought down with the exchange. With Tether USD the risk is limited to only USD and only the one backing entity. Imagine if GoxUSD was on the blockchain, people could still trade it to this day. Blockchain currencies with real backing is one step above the traditional way of storing currencies imo. Even better if one could sell GoxUSD short. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) When it comes to USD the safest by far is the actual notes and coins., otherwise known as cash. USDT has the risk of fractional reserve / default, present in digital versions of USD, and is subject the Bitcoin's 1 MB blocksize limit. This can be the worst of fiat and crypto combined in one asset. No doubt that cash is king. But to transfer USD online USDT is better than having USD locked to one particular exchange. Next step could be things like Nubits and BitUSD, but I'm not sure if those are really viable alternatives atm.
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TPTB_need_war
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April 15, 2016, 02:55:20 PM Last edit: April 15, 2016, 04:12:37 PM by TPTB_need_war |
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An example of one of my several correct predictions on ETH: Is that the reason that the Ethereum price rises recently?
No sorry I caused that: On the non-logarithm scaled chart, Ethereum broke down through the February pump support, and the next support is from the January support line which currently extends to about 0.0164 BTC ≈ $7: https://dc-charts.com/chart_eth.php?ex=16&cu=0&tz=6&ar=1On the logarithm scaled chart, Ethereum broken down through all support lines and there is no support. If it breaks below roughly $8.50, then next uptrend support line is at roughly $7. The next support would be at roughly $6. If below that, there is no support and it would collapse.
Slow rate of collapse might be short covering.
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dEBRUYNE
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April 15, 2016, 04:38:30 PM |
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dEBRUYNE
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April 15, 2016, 05:06:04 PM |
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Another 20k taken out to short and subsequently dumped on the market: http://monerodice.pd.to/polo.phpI wouldn't be suprised if the number of open shorts totals a 6 figure amount in XMR terms.
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slapper
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Leading Crypto Sports Betting & Casino Platform
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April 15, 2016, 05:15:25 PM |
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Another 20k taken out to short and subsequently dumped on the market: http://monerodice.pd.to/polo.phpI wouldn't be suprised if the number of open shorts totals a 6 figure amount in XMR terms. Very profitable trade. We know those will be covered with huge profits. This is my favorite dump coin. Price goes up, dump some more otherwise regret not dumping. At this point there not more than a few hundred people trading, most of whom are on this thread. It's a race to see who cums first. Post some charts if necessary LMAO
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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iCEBREAKER
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April 15, 2016, 05:24:15 PM |
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Another 20k taken out to short and subsequently dumped on the market: http://monerodice.pd.to/polo.phpI wouldn't be suprised if the number of open shorts totals a 6 figure amount in XMR terms. Doesn't seem rational to short a coin that's already down ~30% for the week. Why not wait until it's up? Perhaps this is irrational rage-shorting by some angry Dash FailWhales. They've been in a giant anti-Monero tizzy since Tone Vays pronounced Dash's instamine to be fraudulent, not "accidental." Please keep dumping guys. I need XMR under 0.001 to buy MOAR without raising my avg cost. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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noobtrader
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April 15, 2016, 05:42:59 PM |
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Another 20k taken out to short and subsequently dumped on the market: http://monerodice.pd.to/polo.phpI wouldn't be suprised if the number of open shorts totals a 6 figure amount in XMR terms. Doesn't seem rational to short a coin that's already down ~30% for the week. Why not wait until it's up? Perhaps this is irrational rage-shorting by some angry Dash FailWhales. They've been in a giant anti-Monero tizzy since Tone Vays pronounced Dash's instamine to be fraudulent, not "accidental." Please keep dumping guys. I need XMR under 0.001 to buy MOAR without raising my avg cost. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) guys guys... you were venting anger on Dash as your coin is losing value... hummm how come it losing value anyway.. 1. no GUI.... means less ppl willing to try it because its too difficult to them 2. infinite max coin with perpetual emission forever 3. moar and moar clone coin with with same dev, further diluting your coin value... i mean, if i can buy aeon for cheaper why i buy monero tell me why ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) same dev, same feature ? does any of those 3 should be blamed on Dash ?
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"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
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dEBRUYNE
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April 15, 2016, 05:55:48 PM Last edit: April 15, 2016, 07:14:26 PM by dEBRUYNE |
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Another 20k taken out to short and subsequently dumped on the market: http://monerodice.pd.to/polo.phpI wouldn't be suprised if the number of open shorts totals a 6 figure amount in XMR terms. Doesn't seem rational to short a coin that's already down ~30% for the week. Why not wait until it's up? Perhaps this is irrational rage-shorting by some angry Dash FailWhales. They've been in a giant anti-Monero tizzy since Tone Vays pronounced Dash's instamine to be fraudulent, not "accidental." Please keep dumping guys. I need XMR under 0.001 to buy MOAR without raising my avg cost. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) guys guys... you were venting anger on Dash as your coin is losing value... hummm how come it losing value anyway.. 1. no GUI.... means less ppl willing to try it because its too difficult to them 2. infinite max coin with perpetual emission forever 3. moar and moar clone coin with with same dev, further diluting your coin value... i mean, if i can buy aeon for cheaper why i buy monero tell me why ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) same dev, same feature ? does any of those 3 should be blamed on Dash ? How is this in any way related to DASH? As in venting anger on DASH? noobtrader was referring to iCEBREAKER's post here. Perhaps the "guys" threw me off, since it was only iCEBREAKER. [1] I agree on that point. A GUI is somewhat necessary to increase adoption, at least within the online cryptocurrency atmosphere. [2] Keep on FUDding, that has been known since the start: yet they didnt announce in their monero ann about the eternal infinite coin supply
Incorrect. A minimum subsidy may be implemented in the future with <1% inflation to preserve mining incentives.
Quaint to see the [MRO] symbol from back then. It was there from the original post before any edits (perhaps forum admin could verify) but that is the first capture in archive.org, May 20, 2014. Whatever your criticisms of Monero, please do not make things up. Furthermore, a tail emission is necessary to keep incentives for miners. Fees alone won't bring sufficient incentives and rewards for miners. Readers might find this excellent post from ArticMine regarding this subject interesting: https://bitcointalk.org/index.php?topic=753252.msg13591241#msg13591241[3] Why should I buy Bitcoin if I can buy Litecoin cheaper? Or Dogecoin? Or DASH?
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noobtrader
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April 15, 2016, 06:06:49 PM |
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1. so we all agree on this one 2. i bet alot of ppl dont even realize that Monero has infinite max coin. nevertheless im sure the whale who shorting your coin know. 3. Btc, Ltc and Dash has different feature AND Dev... im sure you realize that. EDIT :: i forgot to answer How is this in any way related to DASH? As in venting anger on DASH? Another 20k taken out to short and subsequently dumped on the market: http://monerodice.pd.to/polo.phpI wouldn't be suprised if the number of open shorts totals a 6 figure amount in XMR terms. Doesn't seem rational to short a coin that's already down ~30% for the week. Why not wait until it's up? Perhaps this is irrational rage-shorting by some angry Dash FailWhales.
They've been in a giant anti-Monero tizzy since Tone Vays pronounced Dash's instamine to be fraudulent, not "accidental."Please keep dumping guys. I need XMR under 0.001 to buy MOAR without raising my avg cost. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) guys guys... you were venting anger on Dash as your coin is losing value... hummm how come it losing value anyway.. 1. no GUI.... means less ppl willing to try it because its too difficult to them 2. infinite max coin with perpetual emission forever 3. moar and moar clone coin with with same dev, further diluting your coin value... i mean, if i can buy aeon for cheaper why i buy monero tell me why ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) same dev, same feature ? does any of those 3 should be blamed on Dash ? How is this in any way related to DASH? As in venting anger on DASH? [1] I agree on that point. A GUI is somewhat necessary to increase adoption, at least within the online cryptocurrency atmosphere. [2] Keep on FUDding, that has been known since the start: yet they didnt announce in their monero ann about the eternal infinite coin supply
Incorrect. A minimum subsidy may be implemented in the future with <1% inflation to preserve mining incentives.
Quaint to see the [MRO] symbol from back then. It was there from the original post before any edits (perhaps forum admin could verify) but that is the first capture in archive.org, May 20, 2014. Whatever your criticisms of Monero, please do not make things up. Furthermore, a tail emission is necessary to keep incentives for miners. Fees alone won't bring sufficient incentives and rewards for miners. Readers might find this excellent post from ArticMine regarding this subject interesting: https://bitcointalk.org/index.php?topic=753252.msg13591241#msg13591241[3] Why should I buy Bitcoin if I can buy Litecoin cheaper? Or Dogecoin? Or DASH?
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"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
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spatula
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April 15, 2016, 06:09:48 PM |
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Another 20k taken out to short and subsequently dumped on the market: http://monerodice.pd.to/polo.phpI wouldn't be suprised if the number of open shorts totals a 6 figure amount in XMR terms. Doesn't seem rational to short a coin that's already down ~30% for the week. Why not wait until it's up? Perhaps this is irrational rage-shorting by some angry Dash FailWhales.They've been in a giant anti-Monero tizzy since Tone Vays pronounced Dash's instamine to be fraudulent, not "accidental." Please keep dumping guys. I need XMR under 0.001 to buy MOAR without raising my avg cost. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) guys guys... you were venting anger on Dash as your coin is losing value... hummm how come it losing value anyway.. 1. no GUI.... means less ppl willing to try it because its too difficult to them 2. infinite max coin with perpetual emission forever 3. moar and moar clone coin with with same dev, further diluting your coin value... i mean, if i can buy aeon for cheaper why i buy monero tell me why ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) same dev, same feature ? does any of those 3 should be blamed on Dash ? How is this in any way related to DASH? As in venting anger on DASH? Huh? They were obviously replying to Mr. Hashfast blaming the downward trend of XMR on DASH users.
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Monerobuyer0
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April 15, 2016, 06:21:06 PM |
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2. i bet alot of ppl dont even realize that Monero has infinite max coin. nevertheless im sure the whale who shorting your coin know.
The tail emission rate of monero is lower than inflation. Its under 1% a year. Just 432 monero per day. Its actually a superior feature to bitcoin's continued halvings and eventual reliance on fees alone. Its also critical to the protocol, so that there are always new inputs to use in ring signatures.
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rdnkjdi
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April 15, 2016, 07:05:49 PM |
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Any opinions on if there is a bitcoin pump around the halving if Monero will be pegged to bitcoin or fiat?
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dEBRUYNE
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April 15, 2016, 07:16:14 PM Last edit: April 15, 2016, 07:35:31 PM by dEBRUYNE |
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@noobtrader & @spatula: I genuinely somehow missed iCEBREAKER's post, so my apologies for that. Edited my earlier comment.
@noobtrader: Any rational "investor" would at least read the OP/ANN of the coin he is investing in. Thus, taking that into account, almost everyone knows about it. It's also included in the description of Monero on wikipedia.
EDIT: I also forgot to include in my previous post that AEON is mainly used as a testbed for experimental features that could benefit Monero in the future too. An example would be pruning, which AEON is currently experimenting with.
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Febo
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April 15, 2016, 07:16:41 PM |
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Any opinions on if there is a bitcoin pump around the halving if Monero will be pegged to bitcoin or fiat?
If BTC rally all alts will lose value compared to BTC. After few weeks when new people come in crypto most alts will start getting value back or even improve it.
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dEBRUYNE
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April 15, 2016, 07:20:02 PM |
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Any opinions on if there is a bitcoin pump around the halving if Monero will be pegged to bitcoin or fiat?
Depends on how "fast" this rally is. I've noticed that when BTC goes up slowly it doesn't really influence alts. However, if it really breaks out and surges fast, alts will likely lose some BTC value. EDIT: It will most likely also depend a bit on how ETH reacts.
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Monerobuyer0
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April 15, 2016, 07:25:46 PM |
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Any opinions on if there is a bitcoin pump around the halving if Monero will be pegged to bitcoin or fiat?
Generally during any sharp bitocin rally, alts are begged to fiat not btc. However, after a bitcoin rally settles down, alts tend to rise.
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rdnkjdi
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April 15, 2016, 07:45:09 PM |
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Hueristic
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Doomed to see the future and unable to prevent it
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April 15, 2016, 08:05:40 PM |
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2. i bet alot of ppl dont even realize that Monero has infinite max coin. nevertheless im sure the whale who shorting your coin know.
The tail emission rate of monero is lower than inflation. Its under 1% a year. Just 432 monero per day. Its actually a superior feature to bitcoin's continued halvings and eventual reliance on fees alone. Its also critical to the protocol, so that there are always new inputs to use in ring signatures. This is very confusing to simple minds. Any opinions on if there is a bitcoin pump around the halving if Monero will be pegged to bitcoin or fiat?
The more people that learn about BTC the more that find XMR. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Take the Long View. Time to start a veto petition. Also if this passes then USA will no longer host companies that protect privacy and will therefore lose another industry.
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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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Dotto
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April 15, 2016, 10:44:24 PM |
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Any opinions on if there is a bitcoin pump around the halving if Monero will be pegged to bitcoin or fiat?
If BTC rally all alts will lose value compared to BTC. After few weeks when new people come in crypto most alts will start getting value back or even improve it. Pretty much agree. Also I really find almost impossible the halving pump to happen. When everyone expects something it doesn´t happen. Edit: It seems we all agree on that topic... maybe we are groupthinking too much??
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iCEBREAKER
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Crypto is the separation of Power and State.
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April 15, 2016, 10:56:11 PM |
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Any opinions on if there is a bitcoin pump around the halving if Monero will be pegged to bitcoin or fiat?
I think we'll we'll stay pegged to fiat. XMR under a dollar? Too good to be true.
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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