iCEBREAKER
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Crypto is the separation of Power and State.
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June 07, 2016, 09:54:16 PM Last edit: June 07, 2016, 11:02:47 PM by iCEBREAKER |
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GUI needs to be finished "SOON"
Everybody take two shots and drunkenly post Soon® memes!
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Febo
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June 07, 2016, 10:21:03 PM |
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Agree, no point in referencing a dozen places to buy XMR in theory, where in practice you can use only 1 exchange (of course P2P can be a very good way too but we are talking exchanges).
No. In practice you can use any of the dozen+ places to buy XMR. The other options aren't less viable just because Poloniex is the preference. In which of the exchanges mentioned above can someone buy 10k xmr without slippage? That's 'in practice'. You can be a sophist and play with words as much as you want but someone has to wonder why... EDIT: That doesn't change the obvious facts.
Put there offer to buy 10k XMR and sooner or latter someone will fill your order. How do you know? I meant market buy but anyway, the only thing more disgusting from Bitcoin maximalists is monero maximalists. If you only knew how much you hurt this coin.. I am done arguing with shills. lol what? You always need supply and demand. If there would be people needing Monero on any exchange, also supply would found the way there. It is how nature works. Good luck finding demand at X shitexchange... that is problem, that is no volume. If there would be demand, there would also shoved supply. Day Traders rather use Poloniex and are happy about it since they trust it most. If poloniex close from whatever reason would just move somewhere else. Unless that reason was an exchange hack. Tha's one of the many downsides of having a single exchange with pretty much all the volume, (compounded with no official GUI) means a huge majority of all traded (and probably held) XMR would be dumped on all remaining exchanges. It would be disastrous. GUI needs to be finished "SOON" and big XMR whales should move some volume over to other exchanges. Actualy if no other exchange have high volume, then the one that would hacked Ploniex could not be able to dump them anywhere fro a good price but for pennies. So from that angle current situation is perfect. But lets put jokes aside. Stolen XMR would be stolen XMR, not soem new fallen from sky. someone would lose them other one would gain them. Where and how people hold their things is up to them. Other thing is that security of exchanges increase rapidly. Just remember last Shapeshift hack. Hacker had insiders infos and got nothing at end.
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Johnny Mnemonic
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June 07, 2016, 10:45:11 PM Last edit: June 07, 2016, 11:31:33 PM by Johnny Mnemonic |
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Agree, no point in referencing a dozen places to buy XMR in theory, where in practice you can use only 1 exchange (of course P2P can be a very good way too but we are talking exchanges).
No. In practice you can use any of the dozen+ places to buy XMR. The other options aren't less viable just because Poloniex is the preference. In which of the exchanges mentioned above can someone buy 10k xmr without slippage? That's 'in practice'. You can be a sophist and play with words as much as you want but someone has to wonder why... If your idea of a general practice is buying nearly 0.1% of the available supply, then I won't let my "sophism" get in your way. What exactly is your criticism? Are you short on FUD material?
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dEBRUYNE
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June 07, 2016, 11:30:48 PM |
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Crosspost: Some backstory:About 14 months ago, some acquaintances and I decided to make some pure gold physical XMR coins. I led the effort, and 9 others agreed to "pre-order" 1 each (10 total), which would cover most of the upfront costs. Depending on how things went, the plan was to offer an additional 5-10 (max 20 total) for public sales. Long story short, after many hardships and delays, all coins are in their owners hands and fully funded with 1,000 XMR, save one: a few months ago one of the guys backed out. Due to a variety of factors, I've decided not to make any more of this 2015 series (there may be something new for 2016/2017 in gold and/or platinum though!). This coin (#10) is all there will be for public sales of this series. All coins are vanity-generated to start with "4Au1", "4Au2", etc. The buyers of coins 1-9 are: 1. luigi1111 2. fluffypony 3. dnaleor 4. binaryFate 5. Lloydimiller4 6. djjacket 7. wpalczynski 8. othe 9. saddambitcoin This is a "buyer funded" coin, but the funding transaction must be created to my technical specifications. By doing this I can ship the coin unfunded to its final destination and store no private keys, yet still have its funding/spent status provable to a 3rd party. A certificate with all the details necessary to prove funding status is included. This coin's address is (0/zero doesn't exist in base58): 4Au1oNBDiYCXRjvYUyPCmyWm5mshnZv1cWa6NSK8dxY9LMDT6ZNm4DnYWomuAS3NisZP1YGaYNuGr84KM4fB L9bHMdHT27r Some pictures: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FhnliQ4W.jpg&t=665&c=jkI6zwyJwUgDpw) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FRNoXfzf.jpg&t=665&c=-jpJhpefYA9fLA) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FZoh4T7O.jpg&t=665&c=RDWHpBRvkvv-fg) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fn5vnA83.jpg&t=665&c=zFsCLoiFCWK4sA) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F4I3S7Jq.jpg&t=665&c=_vciaeUMVBKWAA) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FWjQKUEU.jpg&t=665&c=OucNA1KGG33e3A) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F72hc31j.jpg&t=665&c=0UiYp5m7IS017A) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FYxnq3lp.jpg&t=665&c=ZH7ODwzdRQ0agA) The coin is quite small, and the text, especially on the obverse didn't turn out as sharp as I wanted, both in pictures and on the coin itself. The date also has an error; it's slightly off its intended location (all 10 coins are like this). Q&AWho are you? Why should I trust you?You shouldn't. The other buyers will vouch for me, however, you should still DYOR. Do you accept escrow?Sure, though it's safer to stay away altogether as only roughly 60-70% of the final value can be ensured by escrow. What is the gold content?1oz 0.9999 purity What does it say? I can't read the text.The obverse says "nenia libereco sen privateco", which is Esperanto for "no freedom without privacy". The reverse says "forto en nombroj", "strength in numbers", and "unu unco .9999 oro", "one ounce .9999 gold". How does funding work?The exact final details will be worked out with the buyer. The funding transaction must be constructed in a particular way to match the details at http://au10.llcoins.net/. 1,000 XMR for funding must be in escrow before the coin ships. How does the coin store Monero?There is a hexadecimal seed on a piece of paper under the hologram. The digital form was never saved to any disk; the only other paper copy was destroyed after the coins were assembled. To redeem, peel the hologram and enter the seed into the provided conversion utility on the coin's page: http://au10.llcoins.net/. The format of the seed is standard for Monero private keys, not proprietary, so any number of tools could offer conversion if the site were to go offline. How is this being sold?By auction, starting now and ending next Friday the 17th at 20:00 UTC (4PM EDT). Bids should be in XMR in minimum increments of 25 (1,000 funding amount not included). A 15-minute grace period applies at the end. I reserve the right to refuse your bid, cancel/move/extend/change the auction, etc. https://bitcointalk.org/index.php?topic=1502918.msg15120071#msg15120071
just want to vouch for luigi here ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Received my coin in excellent condition. Here are some pics (click to enlarge): ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F9eX3zGn.jpg&t=665&c=WoT_MFv5of_VsA) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FqR5CBBA.jpg&t=665&c=XtLOz0Mgjtm-9Q) https://bitcointalk.org/index.php?topic=1502918.msg15120091#msg15120091
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smooth (OP)
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June 08, 2016, 12:32:58 AM Last edit: June 08, 2016, 01:26:44 AM by smooth |
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Monero Markets
# Source Pair Volume (24h) Price Volume (%) Updated 1 Poloniex XMR/BTC $ 80,158 $ 0.973021 93.70 % Recently 2 Poloniex XMR/USDT $ 1,605 $ 0.982781 1.88 % Recently 3 Poloniex MAID/XMR $ 988 $ 0.973484 1.16 % Recently 4 Poloniex DIEM/XMR $ 806 $ 0.973484 0.94 % Recently 5 Bittrex XMR/BTC $ 798 $ 0.971616 0.93 % Recently 6 Poloniex LTC/XMR $ 355 $ 0.973484 0.41 % Recently 7 Poloniex NXT/XMR $ 326 $ 0.973484 0.38 % Recently 8 Poloniex QORA/XMR $ 208 $ 0.973484 0.24 % Recently 9 Poloniex DASH/XMR $ 106 $ 0.973484 0.12 % Recently 10 Poloniex HYP/XMR $ 48 $ 0.973194 0.06 % Recently 11 Poloniex BCN/XMR $ 36 $ 0.973484 0.04 % Recently 12 Poloniex XDN/XMR $ 30 $ 0.973194 0.03 % Recently 13 Poloniex BBR/XMR $ 29 $ 0.973194 0.03 % Recently 14 HitBTC XMR/BTC $ 28 $ 0.946732 0.03 % Recently
Source https://coinmarketcap.com/currencies/monero/#marketsBittrex makes 0.93 % of all XMR/BTC trade, HitBTC another 0.03 % XMR/FIAT does not exist. There is nothing wrong with trading being concentrated in one place, that is actually the most efficient configuration. (Why did everyone gather under a particular buttonwood tree instead of each standing on his own street corner?) The important question to consider is what would happen if Poloniex were to suddenly disappear tomorrow and probably the answer, in practice, is that there would be a lot more trading on Bittrex. If all regulated exchanges disappeared then I bet we would see a lot more p2p and bitsquare.io. The availability of many different mechanisms despite people not being stupid and focusing on the most efficient one makes Monero trading very resilient. Agree, no point in referencing a dozen places to buy XMR in theory, where in practice you can use only 1 exchange (of course P2P can be a very good way too but we are talking exchanges).
No. In practice you can use any of the dozen+ places to buy XMR. The other options aren't less viable just because Poloniex is the preference. In which of the exchanges mentioned above can someone buy 10k xmr without slippage? That's 'in practice'. Most of the time, none at all. Why does that matter? Where can you buy 10K BTC without slippage? Where can you buy non-trivial amounts of anything at all without slippage?
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noobtrader
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June 08, 2016, 01:40:21 AM |
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GUI needs to be finished "SOON"
Everybody take two shots and drunkenly post Soon® memes! Liek dees ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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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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americanpegasus
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June 08, 2016, 02:08:11 AM |
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Account is back under control of the real AmericanPegasus.
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Hueristic
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Doomed to see the future and unable to prevent it
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June 08, 2016, 05:42:34 AM |
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... Just remember last Shapeshift hack. Hacker had insiders infos and got nothing at end.
I didn't know this. Great News. You got the link?
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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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klee
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June 08, 2016, 08:28:18 AM |
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Sophism lives in Monero community! Socrates would be sad ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) I am out. Community sucks, with some bright exceptions. Zcash will teach you a lesson I suppose. For those interested (and I have many people in my team that like XMR) I still cover this coin because TA is TA. If I see an opportunity in XMR I will advise everyone to buy. Currently the guideline is to not touch this unless it gets ridiculously oversold (50-75k) because from TA PoV (performance, relative strength to ETH, LSK etc), liquidity, whale manipulation etc etc SUCKS! Keep holding your bags as 'investors' lol
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DaveyJones
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June 08, 2016, 09:26:13 AM |
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Sophism lives in Monero community! Socrates would be sad ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) I am out. Community sucks, with some bright exceptions. Zcash will teach you a lesson I suppose. For those interested (and I have many people in my team that like XMR) I still cover this coin because TA is TA. If I see an opportunity in XMR I will advise everyone to buy. Currently the guideline is to not touch this unless it gets ridiculously oversold (50-75k) because from TA PoV (performance, relative strength to ETH, LSK etc), liquidity, whale manipulation etc etc SUCKS! Keep holding your bags as 'investors' lol Why people feel so easily offended in this crypto sphere... There are TA Experts, Dreamers&Believers, Idiots, TechAdvocats, Maximalists etc.., you will never find a community that solely exists of realists. I Agree Whale Manipulation sucks... but where is the difference to ETH and LSK outside of the TA PoV? ... ain´t putting out the media hype ETH and LSK have + ICO Style Liquidity ( before sth even was delivered! ) are some kind of whale manipulation too, because those people got the networks to create the buzz? And i am sure Zcash will teach us a lesson, because they got the same kind of buzz too, since years even though nothing was delivered there yet.
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TheKoziTwo
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June 08, 2016, 09:28:05 AM |
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Sophism lives in Monero community! Socrates would be sad ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) I am out. Community sucks, with some bright exceptions. Zcash will teach you a lesson I suppose. For those interested (and I have many people in my team that like XMR) I still cover this coin because TA is TA. If I see an opportunity in XMR I will advise everyone to buy. Currently the guideline is to not touch this unless it gets ridiculously oversold (50-75k) because from TA PoV (performance, relative strength to ETH, LSK etc), liquidity, whale manipulation etc etc SUCKS! Keep holding your bags as 'investors' lol ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fy0Sy3fA.jpg&t=665&c=nsMJWyZnYUpLvg)
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dnaleor
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Want privacy? Use Monero!
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June 08, 2016, 09:42:03 AM |
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Sophism lives in Monero community! Socrates would be sad ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) I am out. Community sucks, with some bright exceptions. Zcash will teach you a lesson I suppose. For those interested (and I have many people in my team that like XMR) I still cover this coin because TA is TA. If I see an opportunity in XMR I will advise everyone to buy. Currently the guideline is to not touch this unless it gets ridiculously oversold (50-75k) because from TA PoV (performance, relative strength to ETH, LSK etc), liquidity, whale manipulation etc etc SUCKS! Keep holding your bags as 'investors' lol probably just talking your own book...
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smooth (OP)
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June 08, 2016, 10:21:40 AM Last edit: June 08, 2016, 10:38:39 AM by smooth |
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I Agree Whale Manipulation sucks... but where is the difference to ETH and LSK outside of the TA PoV? ... ain´t putting out the media hype ETH and LSK have + ICO Style Liquidity ( before sth even was delivered! ) are some kind of whale manipulation too, because those people got the networks to create the buzz?
LIBOR (trillion+ dollar market) was/is whale-manipulated. If anyone thinks that any of these little cryptos including Bitcoin but certainly any of the others that are 1+ orders of magnitude smaller than BTC aren't whale manipulated, you are delusional. If anything XMR is (a little) less whale-manipulated than most because it is probably better distributed. Welcome to the real world. Agree that XMR is not "hot" right now and is largely ignored, which will make it hard for any kind of rally to occur. It will likely experience continued low volatility and some price weakness (at least relative to BTC) until there is something to spark renewed market interest. All the focus is on Lisk, Eth, small cap players are looking at Sia, etc. Not talking my book, FWIW. My XMR book hasn't changed significantly in many months.
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Johnny Mnemonic
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June 08, 2016, 10:47:42 AM |
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Sophism lives in Monero community! Socrates would be sad ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) I am out. Community sucks, with some bright exceptions. Zcash will teach you a lesson I suppose. For those interested (and I have many people in my team that like XMR) I still cover this coin because TA is TA. If I see an opportunity in XMR I will advise everyone to buy. Currently the guideline is to not touch this unless it gets ridiculously oversold (50-75k) because from TA PoV (performance, relative strength to ETH, LSK etc), liquidity, whale manipulation etc etc SUCKS! Keep holding your bags as 'investors' lol For all I know, your TA is spot on. But what you don't seem to understand about the Monero community is that few of us really care about being a mover and shaker in the markets. We only want to advance the state of decentralized, private money. If Zcash could "teach us a lesson" and create something better, I'm all for it (but I'm not exactly holding my breath). Sure, most of us hold coins and would love to see the price skyrocket, but unlike the other cryptos you mentioned, profit is not really why we're here. I'm speaking for myself of course, but I say "we" because I know I'm not the only one. The point is, saying the community sucks or that our "investment" sucks probably doesn't have the effect you're hoping it will.
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obit33
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June 08, 2016, 11:39:31 AM |
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Sophism lives in Monero community! Socrates would be sad ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) I am out. Community sucks, with some bright exceptions. Zcash will teach you a lesson I suppose. For those interested (and I have many people in my team that like XMR) I still cover this coin because TA is TA. If I see an opportunity in XMR I will advise everyone to buy. Currently the guideline is to not touch this unless it gets ridiculously oversold (50-75k) because from TA PoV (performance, relative strength to ETH, LSK etc), liquidity, whale manipulation etc etc SUCKS! Keep holding your bags as 'investors' lol For all I know, your TA is spot on. But what you don't seem to understand about the Monero community is that few of us really care about being a mover and shaker in the markets. We only want to advance the state of decentralized, private money. If Zcash could "teach us a lesson" and create something better, I'm all for it (but I'm not exactly holding my breath). Sure, most of us hold coins and would love to see the price skyrocket, but unlike the other cryptos you mentioned, profit is not really why we're here. I'm speaking for myself of course, but I say "we" because I know I'm not the only one. The point is, saying the community sucks or that our "investment" sucks probably doesn't have the effect you're hoping it will. ^THIS, well said sir! couldn't care less about current price nor marketcap... It's (currently) the best damn technology out there, I want to be a (small) part of it... best regards
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Hueristic
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Doomed to see the future and unable to prevent it
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June 08, 2016, 12:59:58 PM |
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I don't see anywhere in that article that says the hackers got nothing, actually They even got an extra 2btc just to tell them how they did it. Maybe I missed something? I'm not going to re-read the whole thing. Have you read this? http://hackingdistributed.com/2016/04/25/shapeshift-hack-simply-incredible/Sophism lives in Monero community! Socrates would be sad ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) I am out. Community sucks, with some bright exceptions. Blah Blah ranting and raving. Looks like a buy signal to me, too bad I got ruined this last 5 days at the tables. Well last day this trip, I better get my head on straight cause I wanna buy m0ar. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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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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saddambitcoin
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June 08, 2016, 01:06:58 PM |
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Traders do not like it when people are emotionally attached to the coin, because they work hard to keep their emotions out of making decisions.
I don't see anything bad about this community. What I see is the Monero community has a higher ratio of emotional believers ("holders").
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Febo
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June 08, 2016, 01:41:25 PM |
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It seems i misunderstood something. When they say that none of customers founds was lost i not sure why understand it as in general. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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