dEBRUYNE
Legendary
Offline
Activity: 2268
Merit: 1141
|
|
August 29, 2016, 11:26:15 PM |
|
|
|
|
|
Drhiggins
|
|
August 29, 2016, 11:30:40 PM |
|
...and the good news just continues to roll down the pike. Article after article. Things are looking good for the moment.
|
Monerohash.com U.S. Mining Pool
|
|
|
RayX12
|
|
August 30, 2016, 12:28:33 AM |
|
Dear Monero Bag Holders:
Please stop dumping your precious little things.. Then your loved ones will grow and grow.. Pretty soon Monero will be king of anonymity and freedom from eavesdropping.
|
|
|
|
explorer
Legendary
Offline
Activity: 2016
Merit: 1259
|
|
August 30, 2016, 12:40:55 AM |
|
...and the good news just continues to roll down the pike. Article after article. Things are looking good for the moment.
And 240 active nodes. I *think* that's the highest I've seen. Goes with the current 26MH/s nicely.
|
|
|
|
Drhiggins
|
|
August 30, 2016, 01:02:20 AM |
|
...and the good news just continues to roll down the pike. Article after article. Things are looking good for the moment.
And 240 active nodes. I *think* that's the highest I've seen. Goes with the current 26MH/s nicely. I noticed it was up around 245 earlier today. Did not see any additional activity in China though.
|
Monerohash.com U.S. Mining Pool
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
|
|
August 30, 2016, 02:05:47 AM |
|
Aminorex, can you explain how you determine the rational limit of XMR to own?
I think it's counter-productive to own so much that it threatens the value of the currency you do hold. My original reasoning was invalid, but I used it for lack of a valid alternative: There are working local currencies in villages as small as ca. 1000 households. Thus the greatest lower bound on the number of nodes in a viable economy is, to first approximation on evidence, ~1000. Therefore, No one should own more than 0.1% of emission in the long-run, or there may not be enough nodes. Not only is this reasoning invalid, it is also obsolete: There is now a much broader distribution than there was when I formulated the invalid conclusion. Due to divisibility, it doesn't matter what share of the float the nodes have, so long as the share is distributed appropriately amongst the nodes of the (sub-)economy. There remain two considerations which I now deem relevant: I exercise some restraint simply because I don't think it's healthy for adoption if there is a single person who you can point at and say: He will benefit disproportionately, if I use this currency. Why should I act to enrich him? (Although, in my own case, I think I could make a pretty good argument that you should. Otherwise I wouldn't bother.) As long as I am among 50 instead of 5, I think I am not doing much positive harm to the economy. The farther up the Gini curve you go, the more self-defeating it becomes. Maybe you can predate upon a well-developed economy, and continuously improve yourself by impoverishing others, but in a nascent start-up economy, I doubt it can be done, practically speaking. You have to contribute as best you can, and help insure a constructive, utile distribution, at least until it bootstraps. My ability to contribute is constrained by available time, so I can't accumulate too much -- otherwise, my harm to distribution will not be adequately offset by my positive contributions in other areas. How do you calibrate this? I haven't tried very hard, but I don't really know how, so I just wing it. Which makes the constraint perhaps a bit too ... flexible ... for perfect, clear (self-interested OR altruistic) rationality. A separate fuzzy factor which I weigh together with this: If I were to have owned too much Monero when it was declining, my courage might have failed, or my wife might have ditched me. Neither would be an acceptable outcome: I abhor personal cowardice, and I cherish and respect my wife. But those are personal factors, and highly subjective, although you can work with them rationally, within some limited domains.
|
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
|
|
|
nanobrain
Legendary
Offline
Activity: 1008
Merit: 1000
Dumb broad
|
|
August 30, 2016, 03:18:02 AM |
|
Gosh, what happened? When I went to bed the resident monkey botherer was predicting an ATH within "6 to 8 hours" - no doubt those numbers were used in a semantically objective way I had a look on AlphaBay yesterday and the number of vendors offering to use XMR is 'yuuugge'....and if ever a cohort appreciated anonymity. The question is whether the buyers can get their shit together to purchase XMR.
|
|
|
|
cAPSLOCK
Legendary
Offline
Activity: 3752
Merit: 5142
Whimsical Pants
|
|
August 30, 2016, 03:22:49 AM |
|
Looks like I might risk cutting my paw on the knife again tonight.
|
|
|
|
Anon136
Legendary
Offline
Activity: 1722
Merit: 1217
|
|
August 30, 2016, 03:23:10 AM |
|
Gosh, what happened?
The inevitable. There will be corrections.
|
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?
|
|
|
Anon136
Legendary
Offline
Activity: 1722
Merit: 1217
|
|
August 30, 2016, 03:23:43 AM |
|
Looks like I might risk cutting my paw on the knife again tonight.
catching a falling knife > buying with the herd at the top
|
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?
|
|
|
cAPSLOCK
Legendary
Offline
Activity: 3752
Merit: 5142
Whimsical Pants
|
|
August 30, 2016, 03:28:38 AM |
|
Looks like I might risk cutting my paw on the knife again tonight.
catching a falling knife > buying with the herd at the top Well we are breaking the bottom of a wedge it looks like to me. Just have to wait somewhere between 3 minutes and 6 hours.
|
|
|
|
Hueristic
Legendary
Offline
Activity: 3864
Merit: 5062
Doomed to see the future and unable to prevent it
|
|
August 30, 2016, 03:31:35 AM |
|
Looks like I might risk cutting my paw on the knife again tonight.
catching a falling knife > buying with the herd at the top Well we are breaking the bottom of a wedge it looks like to me. Just have to wait somewhere between 3 minutes and 6 hours. I hope there is a huge dump so I can back in next week.
|
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
|
|
August 30, 2016, 03:35:13 AM |
|
Looks like I might risk cutting my paw on the knife again tonight.
catching a falling knife > buying with the herd at the top Well we are breaking the bottom of a wedge it looks like to me. Just have to wait somewhere between 3 minutes and 6 hours. I hope there is a huge dump so I can back in next week. Maybe you could arrange for a mutability bug, or find evidence of fractional Reserve on the polo blockchain
|
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
|
|
|
Hueristic
Legendary
Offline
Activity: 3864
Merit: 5062
Doomed to see the future and unable to prevent it
|
|
August 30, 2016, 03:41:53 AM |
|
Looks like I might risk cutting my paw on the knife again tonight.
catching a falling knife > buying with the herd at the top Well we are breaking the bottom of a wedge it looks like to me. Just have to wait somewhere between 3 minutes and 6 hours. I hope there is a huge dump so I can back in next week. Maybe you could arrange for a mutability bug, or find evidence of bad accounting on the polo blockchain Bah, I can only hope! when I run bad it's global and the last 6 months have been spectacularly bad! Tell me what are the odds of AA v/s AA twice and losing both! https://www.youtube.com/watch?v=aR52zv1GqBYThats not me BTW.
|
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
|
|
|
smfuser
Member
Offline
Activity: 82
Merit: 10
|
|
August 30, 2016, 03:55:16 AM |
|
Aminorex, can you explain how you determine the rational limit of XMR to own?
I think it's counter-productive to own so much that it threatens the value of the currency you do hold. My original reasoning was invalid, but I used it for lack of a valid alternative: There are working local currencies in villages as small as ca. 1000 households. Thus the greatest lower bound on the number of nodes in a viable economy is, to first approximation on evidence, ~1000. Therefore, No one should own more than 0.1% of emission in the long-run, or there may not be enough nodes. Not only is this reasoning invalid, it is also obsolete: There is now a much broader distribution than there was when I formulated the invalid conclusion. Due to divisibility, it doesn't matter what share of the float the nodes have, so long as the share is distributed appropriately amongst the nodes of the (sub-)economy. There remain two considerations which I now deem relevant: I exercise some restraint simply because I don't think it's healthy for adoption if there is a single person who you can point at and say: He will benefit disproportionately, if I use this currency. Why should I act to enrich him? (Although, in my own case, I think I could make a pretty good argument that you should. Otherwise I wouldn't bother.) As long as I am among 50 instead of 5, I think I am not doing much positive harm to the economy. The farther up the Gini curve you go, the more self-defeating it becomes. Maybe you can predate upon a well-developed economy, and continuously improve yourself by impoverishing others, but in a nascent start-up economy, I doubt it can be done, practically speaking. You have to contribute as best you can, and help insure a constructive, utile distribution, at least until it bootstraps. My ability to contribute is constrained by available time, so I can't accumulate too much -- otherwise, my harm to distribution will not be adequately offset by my positive contributions in other areas. How do you calibrate this? I haven't tried very hard, but I don't really know how, so I just wing it. Which makes the constraint perhaps a bit too ... flexible ... for perfect, clear (self-interested OR altruistic) rationality. A separate fuzzy factor which I weigh together with this: If I were to have owned too much Monero when it was declining, my courage might have failed, or my wife might have ditched me. Neither would be an acceptable outcome: I abhor personal cowardice, and I cherish and respect my wife. But those are personal factors, and highly subjective, although you can work with them rationally, within some limited domains. Thanks for the detailed reply. Am I correctly understanding that you originally thought the limit was ~0.1% of emission, but now you think it's ~2%? What figure do you use for emission? Aside from the limit on % of emission, what do you think should be the limit on % of assets allocated to XMR?
|
|
|
|
infofront
Legendary
Offline
Activity: 2632
Merit: 2790
Shitcoin Minimalist
|
|
August 30, 2016, 04:29:22 AM |
|
It may be a bit early to call it support, but there seems to be support building around .014.
|
|
|
|
|
Hueristic
Legendary
Offline
Activity: 3864
Merit: 5062
Doomed to see the future and unable to prevent it
|
|
August 30, 2016, 04:43:07 AM |
|
translation: I took profit and am gonna buy at a lower pricepoint now.
|
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
|
|
|
nanobrain
Legendary
Offline
Activity: 1008
Merit: 1000
Dumb broad
|
|
August 30, 2016, 04:44:51 AM |
|
Looks like I might risk cutting my paw on the knife again tonight.
|
|
|
|
nanobrain
Legendary
Offline
Activity: 1008
Merit: 1000
Dumb broad
|
|
August 30, 2016, 04:45:59 AM |
|
translation: I took profit and am gonna buy at a lower pricepoint now. Just cynical
|
|
|
|
|