[XMR] Monero Speculation

[smooth]

i do not understand but assume its relevant, since i miss the information to dismiss its relevancy for now.

has xmr been stolen (as he claims) ?
have paperwallets (with many coins inside) been destroyed ?

Indeed it was claimed that XMR was stolen. Perhaps that would be relevant. The lost and/or damaged paper wallets, I believe, were claimed to be BTC, but I'm not positive.

I've seen no independent nor verifiable evidence of any of this (in fact none at all), nor any refuting it. It could be true, I have no idea.

What is factual is that debts are unpaid, including a small one to me (but much larger ones to others).

There are better threads for this discussion if you want to continue.

[1714759086]

1714759086

[1714759086]

1714759086

[Nathan047]

All coins are green so is Monero. Does that means Monero is Altcoin again?

Monero has always been an altcoin. The only reason why people might not think of it as an altcoin is because it has it’s own unique features and user base; so it’s not cut-throat competition like most other altcoins.

[Hueristic]

This went viral - it shows 30 pageloads per second. I think the song  is about XMR tbh

See how fast the Global Repeats is growing when you hit the Your Repeats (such as letting it start again).

Finally busted you scamming piece of euro trash. Why don't you just fuck off.

For anyone that doesn't know, this guy has been manipulating the market for years and ran a massive scam on the community through a game that was supposed to support the eco system but cost a shitload of members their investments to the tune of at least 500BTC from what I have read.

In my opinion, the monero will fall and fall and go into oblivion, the capitalization of $ 30 million

That is because you are a moron, But you are entitled to your opinion even when it's wrong.

This is more my speed https://youtu.be/-0kcet4aPpQ

Hell yeah! Mine as well. Did you know they are now classifying Floyd as Psychedelic rock? I've done my share and a little more than that.

I am pretty relaxed ...

Glad you are feeling relaxed.  But looks like you are also wrong.

Yet, we may self-interestedly encourage such wrongness, on the theory that his loss is our gain, as for example:

TrueCryptonaire, I find your ideas intriguing and would like to subscribe to your newsletter.

Sign me up.

So you got stolen your CK funds and now you are held liable for this?

Just follow the links in his feedback, all the info is there.

Let's try not to veer too far off topic. Fraudulent fractional reserve scams and unpaid debts aren't directly related to Monero speculation

Actually it is relevant as this was a marketing decision to help create the ecosystem which is an intrgal part of speculation. Not commenting on this would be akin to not commenting on the adoption from the dark Markets.

Although I am of the opinion that the impact will be small on the ecosystem and by extension the price as those that got scammed are from what I can see the majority of long term holders that will not be put off of XMR because of this.

[cryptogasm]

Price prediction for XMR for the next 6 hours?

[saddambitcoin]

Actually it is relevant as this was a marketing decision to help create the ecosystem which is an intrgal part of speculation. Not commenting on this would be akin to not commenting on the adoption from the dark Markets.

Although I am of the opinion that the impact will be small on the ecosystem and by extension the price as those that got scammed are from what I can see the majority of long term holders that will not be put off of XMR because of this.

I would like to clarify that the XMR part of the game remains fully solvent (although most players with XMR balance have withdrawn now). The debt comes from rpietila creating BTC (B1) in-game that was not deposited with a third party, then delaying withdrawals and now claiming to have it stolen.

[ArticMine]

Actually it is relevant as this was a marketing decision to help create the ecosystem which is an intrgal part of speculation. Not commenting on this would be akin to not commenting on the adoption from the dark Markets.

Although I am of the opinion that the impact will be small on the ecosystem and by extension the price as those that got scammed are from what I can see the majority of long term holders that will not be put off of XMR because of this.

I would like to clarify that the XMR part of the game remains fully solvent (although most players with XMR balance have withdrawn now). The debt comes from rpietila creating BTC (B1) in-game that was not deposited with a third party, then delaying withdrawals and now claiming to have it stolen.

Not just XBT (B1) but also EUR (E1). Let us continue this discussion in the proper thread https://bitcointalk.org/index.php?topic=1890786.msg18782403#msg18782403

Edit 1: I should point that this happened only after Crypto Kingdom stopped using an in game currency that was fully backed by XMR, or in other words once Crypto Kingdom was moved of the "Monero Standard".  

Edit 2: This whole affair only serves to illustrate the value of "hard money" such as precious metals or Monero, Bitcoin etc., where the money supply cannot be increased at will, by a "central banker".

[Globb0]

I feel lucky for a change, if it had been a bit less complicated I was in.


Phil

[Hueristic]

Actually it is relevant as this was a marketing decision to help create the ecosystem which is an intrgal part of speculation. Not commenting on this would be akin to not commenting on the adoption from the dark Markets.

Although I am of the opinion that the impact will be small on the ecosystem and by extension the price as those that got scammed are from what I can see the majority of long term holders that will not be put off of XMR because of this.

I would like to clarify that the XMR part of the game remains fully solvent (although most players with XMR balance have withdrawn now). The debt comes from rpietila creating BTC (B1) in-game that was not deposited with a third party, then delaying withdrawals and now claiming to have it stolen.

Not just XBT (B1) but also EUR (E1). Let us continue this discussion in the proper thread https://bitcointalk.org/index.php?topic=1890786.msg18782403#msg18782403

Edit 1: I should point that this happened only after Crypto Kingdom stopped using an in game currency that was fully backed by XMR, or in other words once Crypto Kingdom was moved of the "Monero Standard".  

Edit 2: This whole affair only serves to illustrate the value of "hard money" such as precious metals or Monero, Bitcoin etc., where the money supply cannot be increased at will, by a "central banker".

Thanks for the clarification and info guys, it was quite apparent what was going on when he starting trying to shill his token with promises beyond reality.

[aminorex]

it was quite apparent what was going on when he starting trying to shill his token with promises beyond reality.

While I do believe from what i have read that Risto has defaulted on some obligations, from what I know of him elsewhere, I suspect the principal deceptions were self-deceptions.  It seems likely that the dissonance between his honorable intentions and the outcome of some earlier unwise decisions is creating internal stresses under which one might easily crumble.  Such times test men's souls.  Clearly, from the red, he will not escape with reputation intact.  I do hope he can come out the other side with his moral integrity and his health intact.  Creditors should wisely will themselves to agree, as without them their haircuts are likely to be close to the skin indeed.

[cAPSLOCK]

it was quite apparent what was going on when he starting trying to shill his token with promises beyond reality.

While I do believe from what i have read that Risto has defaulted on some obligations, from what I know of him elsewhere, I suspect the principal deceptions were self-deceptions.  It seems likely that the dissonance between his honorable intentions and the outcome of some earlier unwise decisions is creating internal stresses under which one might easily crumble.  Such times test men's souls.  Clearly, from the red, he will not escape with reputation intact.  I do hope he can come out the other side with his moral integrity and his health intact.  Creditors should wisely will themselves to agree, as without them their haircuts are likely to be close to the skin indeed.

This reflects well my own thoughts.  From the beginning I have been worried that CK could end up a liability.   Looks like it sort of did.

The elephant in the room is the possibility that RP still holds 100s of K of monero...  under these new circumstances what can we expect?

Fuel for speculation indeed...

[Hueristic]

it was quite apparent what was going on when he starting trying to shill his token with promises beyond reality.

While I do believe from what i have read that Risto has defaulted on some obligations, from what I know of him elsewhere, I suspect the principal deceptions were self-deceptions.  It seems likely that the dissonance between his honorable intentions and the outcome of some earlier unwise decisions is creating internal stresses under which one might easily crumble.  Such times test men's souls.  Clearly, from the red, he will not escape with reputation intact.  I do hope he can come out the other side with his moral integrity and his health intact.  Creditors should wisely will themselves to agree, as without them their haircuts are likely to be close to the skin indeed.

I have always felt risto thought he was above the common man and he has said so himself so I am in no way surprised as I watched him manipulate people when trying to acquire or unload. I have not had personal contact so I could be way off base but this is my opinion and we all know what they are worth. I do hope he gets help and makes everyone whole but I do not see that coming anytime soon. I also think he is hiding behind this mental issue as a way to cover up his deceitful actions.

it was quite apparent what was going on when he starting trying to shill his token with promises beyond reality.

While I do believe from what i have read that Risto has defaulted on some obligations, from what I know of him elsewhere, I suspect the principal deceptions were self-deceptions.  It seems likely that the dissonance between his honorable intentions and the outcome of some earlier unwise decisions is creating internal stresses under which one might easily crumble.  Such times test men's souls.  Clearly, from the red, he will not escape with reputation intact.  I do hope he can come out the other side with his moral integrity and his health intact.  Creditors should wisely will themselves to agree, as without them their haircuts are likely to be close to the skin indeed.

This reflects well my own thoughts.  From the beginning I have been worried that CK could end up a liability.   Looks like it sort of did.

The elephant in the room is the possibility that RP still holds 100s of K of monero...  under these new circumstances what can we expect?

Fuel for speculation indeed...

Personally I think this coin can weather anything now including a complete dump of those coins and we both know he is not stupid so he will not dump them without getting every cent he can wrangle out of them so I have no fear of more damage than just the fact that he was a figurehead of the project. That should be a lesson that you do not follow whales and put them on pedestals. I never understood why people did in the first place. Like I said in the other thread, if this had happened say a year ago it could have crippled the project and it might never have reached the heights it has ever but now it is just a small bump in the road. But if he does dump then it would surely prove his instability, So come on Risto Dump that shit on all of us that are not groveling at your feet already.

[smooth]

Let's try not to veer too far off topic. Fraudulent fractional reserve scams and unpaid debts aren't directly related to Monero speculation

Actually it is relevant as this was a marketing decision to help create the ecosystem which is an intrgal part of speculation. Not commenting on this would be akin to not commenting on the adoption from the dark Markets.

Although I am of the opinion that the impact will be small on the ecosystem and by extension the price as those that got scammed are from what I can see the majority of long term holders that will not be put off of XMR because of this.

Good point and the subsequent discussions have demonstrated the relevance. I stand corrected.

[LennyCarl]

it was quite apparent what was going on when he starting trying to shill his token with promises beyond reality.

While I do believe from what i have read that Risto has defaulted on some obligations, from what I know of him elsewhere, I suspect the principal deceptions were self-deceptions.  It seems likely that the dissonance between his honorable intentions and the outcome of some earlier unwise decisions is creating internal stresses under which one might easily crumble.  Such times test men's souls.  Clearly, from the red, he will not escape with reputation intact.  I do hope he can come out the other side with his moral integrity and his health intact.  Creditors should wisely will themselves to agree, as without them their haircuts are likely to be close to the skin indeed.

I have always felt risto thought he was above the common man and he has said so himself so I am in no way surprised as I watched him manipulate people when trying to acquire or unload. I have not had personal contact so I could be way off base but this is my opinion and we all know what they are worth. I do hope he gets help and makes everyone whole but I do not see that coming anytime soon. I also think he is hiding behind this mental issue as a way to cover up his deceitful actions.

it was quite apparent what was going on when he starting trying to shill his token with promises beyond reality.

While I do believe from what i have read that Risto has defaulted on some obligations, from what I know of him elsewhere, I suspect the principal deceptions were self-deceptions.  It seems likely that the dissonance between his honorable intentions and the outcome of some earlier unwise decisions is creating internal stresses under which one might easily crumble.  Such times test men's souls.  Clearly, from the red, he will not escape with reputation intact.  I do hope he can come out the other side with his moral integrity and his health intact.  Creditors should wisely will themselves to agree, as without them their haircuts are likely to be close to the skin indeed.

This reflects well my own thoughts.  From the beginning I have been worried that CK could end up a liability.   Looks like it sort of did.

The elephant in the room is the possibility that RP still holds 100s of K of monero...  under these new circumstances what can we expect?

Fuel for speculation indeed...

Personally I think this coin can weather anything now including a complete dump of those coins and we both know he is not stupid so he will not dump them without getting every cent he can wrangle out of them so I have no fear of more damage than just the fact that he was a figurehead of the project. That should be a lesson that you do not follow whales and put them on pedestals. I never understood why people did in the first place. Like I said in the other thread, if this had happened say a year ago it could have crippled the project and it might never have reached the heights it has ever but now it is just a small bump in the road. But if he does dump then it would surely prove his instability, So come on Risto Dump that shit on all of us that are not groveling at your feet already.

Very nice post! And I admit I was influenced by his reputation and XMR price predictions last year and have learned a lesson (he may be a good guy but is fucking up left and right). All good now for me, though.

It's funny, I was away for a 1 week camping trip with no internet and it was nice. Don't understand how you whales stay in the game and stress yourselves out(?)!

[nanobrain]

I know its trivial in light of the fact this is a thread about XMR price speculation: but for the record XMR has just smashed the ATH in terms of USD and the buy/sell ratio (while clearly manipulated) looks very healthy, suggesting the next week is going to be extremely positive.

Of course, it could all just be about Risto....

[bovcan]

for the record XMR has just smashed the ATH in terms of USD

According to Trading View chart, USD ATH js about $27.75, so still a ways to go to reach that level again.

[aminorex]

buy/sell ratio (while clearly manipulated) looks very healthy

My rule of thumb has been that the equilibrium price in a sideways market is roughly 2*bids/offers.  During a FOMO run it goes to about 3*, and during a panic it goes to about 1*.  There are numerous reasons why such an estimation should be deemed specious, with trivial manipulability prominent among them. Nonetheless, it has served my thumb well, in the rough, historically.

[aminorex]

for the record XMR has just smashed the ATH in terms of USD

According to Trading View chart, USD ATH js about $27.75, so still a ways to go to reach that level again.

Trading view chart is deceiving you, I think.  This is a new ATH.  Using bitfinex' gox-ed numeraire pricing perhaps?

[mfgex]

for the record XMR has just smashed the ATH in terms of USD

According to Trading View chart, USD ATH js about $27.75, so still a ways to go to reach that level again.

you're looking at is in terms of USDT, and not USD.  USDT = ~0.93USD.

[Traslavin]

I know its trivial in light of the fact this is a thread about XMR price speculation: but for the record XMR has just smashed the ATH in terms of USD and the buy/sell ratio (while clearly manipulated) looks very healthy, suggesting the next week is going to be extremely positive.

Of course, it could all just be about Risto....

I think the bitcoin price is more important. It means it is taking more market share from bitcoin.

[KeyJockey]

I think the bitcoin price is more important. It means it is taking more market share from bitcoin.

Depends if you're trading/gambling to try and use alts to build up your bitcoin stash, or investing long term in the overall crypto-currency concept.

Pricing in dollars is basically a measure of the total value that *all* crypto, combined, is absorbing from the old-world, dying, fiat-currency global system.

Both measurements are important...