[XMR] Monero Speculation

[logictense]

i dont really understand why monero keeps dropping in usdt price. if its not increasing okay but why drop?
any insights?

It's been pretty steady in USD terms (the actual dollar) and looks nailed to between $49 and just over $50.

With BTC rocketing so much that is remarkably steady.

Yeah but i dont give a fuck about Fiat, BTC value ist all that   matters

U have no idea how stupid u sound, do u? 

[cryptimus prime]

You cant say FIAT is not important, a couple of friends want to buy XMR but as they do not own BTC the price around 50 USD stays the same for them. BTC is making huge moves making the ALT/BTC trading and charts pretty difficult and destroying the useability of charting methods.

[doc12]

i dont really understand why monero keeps dropping in usdt price. if its not increasing okay but why drop?
any insights?

It's been pretty steady in USD terms (the actual dollar) and looks nailed to between $49 and just over $50.

With BTC rocketing so much that is remarkably steady.

Yeah but i dont give a fuck about Fiat, BTC value ist all that   matters

U have no idea how stupid u sound, do u? 

No i dont. IMO Bitcoin ist the future no1 world reserve currency, so USD doesnt matter.

[kurious]

Now it really is cheap coins...

[doc12]

Basicly we have broken every possible resistance, including the great yearly trendline.
Compared to the whole crypto market Monero underperforming horribly. Dont tell my other are going down too, yes they do, but thy made 30x before so it doesnt matter.

Monero is great tech, but i'm getting a bit sour here. Since fluffys great "announcment" this ship is sinking and there are no signs of rescue.

[Globb0]

Yeah but i dont give a fuck about Fiat, BTC value ist all that   matters

So you would be happy if BTC went down to 200$ as long as XMR went up to 0.10000000

[doc12]

Yeah but i dont give a fuck about Fiat, BTC value ist all that   matters

So you would be happy if BTC went down to 200$ as long as XMR went up to 0.10000000

 

Of course not  
But I wouldnt mind a litte cool down in BTC.

[cAPSLOCK]

Yeah but i dont give a fuck about Fiat, BTC value ist all that   matters

So you would be happy if BTC went down to 200$ as long as XMR went up to 0.10000000

 

Of course not  
But I wouldnt mind a litte cool down in BTC.

When (not if) that happens I would expect a significant upward correction in XMR.

[kwukduck]

Monero is great tech, but i'm getting a bit sour here. Since fluffys great "announcment" this ship is sinking and there are no signs of rescue.

What great announcement?

The only thing that can save monero is if we change to protocol not to have an infinite coin supply but have a hard cap like Bitcoin. All arguments defending tail emmission fail horribly and make even worse baseless assumptions.

[DaveyJones]

Monero is great tech, but i'm getting a bit sour here. Since fluffys great "announcment" this ship is sinking and there are no signs of rescue.

What great announcement?

The only thing that can save monero is if we change to protocol not to have an infinite coin supply but have a hard cap like Bitcoin. All arguments defending tail emmission fail horribly and make even worse baseless assumptions.

that makes no sense , you can talk about hardcap once we hit tail-emission. Also its only pretty low ... 0,x% per year aint that big difference bro

[kurious]

Monero is great tech, but i'm getting a bit sour here. Since fluffys great "announcment" this ship is sinking and there are no signs of rescue.

What great announcement?

The only thing that can save monero is if we change to protocol not to have an infinite coin supply but have a hard cap like Bitcoin. All arguments defending tail emmission fail horribly and make even worse baseless assumptions.

'We' ?

It isn't going to happen, it's a feature, not an obstacle for Monero. 

What brings you here instead of trolling the BTC threads? Seriously, do you actually have any XMR?

[kwukduck]

Monero is great tech, but i'm getting a bit sour here. Since fluffys great "announcment" this ship is sinking and there are no signs of rescue.

What great announcement?

The only thing that can save monero is if we change to protocol not to have an infinite coin supply but have a hard cap like Bitcoin. All arguments defending tail emmission fail horribly and make even worse baseless assumptions.

'We' ?

It isn't going to happen, it's a feature, not an obstacle for Monero. 

What brings you here instead of trolling the BTC threads? Seriously, do you actually have any XMR?

I actually do. I think it is a crypto with big potential.
As many people also misunderstand me regarding bitcoin, i'm not here to hate. I'm here to point out points that need improvement or better argumentation.

[Febo]

Monero is great tech, but i'm getting a bit sour here. Since fluffys great "announcment" this ship is sinking and there are no signs of rescue.

What great announcement?

The only thing that can save monero is if we change to protocol not to have an infinite coin supply but have a hard cap like Bitcoin. All arguments defending tail emmission fail horribly and make even worse baseless assumptions.

This is first positive post about bitcoin you posted on this forum so far. IT will become legendary.    
Announcement was that Monero is not your personal pump vehicle and that you should not trust what some guy says on Twitter.  It was boring announcement, nothing I did not knew already.

[kurious]

Monero is great tech, but i'm getting a bit sour here. Since fluffys great "announcment" this ship is sinking and there are no signs of rescue.

What great announcement?

The only thing that can save monero is if we change to protocol not to have an infinite coin supply but have a hard cap like Bitcoin. All arguments defending tail emmission fail horribly and make even worse baseless assumptions.

'We' ?

It isn't going to happen, it's a feature, not an obstacle for Monero. 

What brings you here instead of trolling the BTC threads? Seriously, do you actually have any XMR?

I actually do. I think it is a crypto with big potential.
As many people also misunderstand me regarding bitcoin, i'm not here to hate. I'm here to point out points that need improvement or better argumentation.

OK, well you're welcome to raise it - but I have seen people on WO arguing Bitcoin needs a tail emission 'like Monero' before, and it does seem to make sense, given natural wastage from lost coins reduces supply and the need to keep miners working to secure the network at the end of emission.

I am not bound to it, but it makes some sense - why do you feel it's a bad idea?  It's not hurt Monero so far (although it's not Monero's finest hour right now, I grant you) and the tech does generally have great respect across crypto.  Why pick this, instead of the usual 'poor marketing' criticism?

[Hueristic]

i dont really understand why monero keeps dropping in usdt price. if its not increasing okay but why drop?
any insights?

It's been pretty steady in USD terms (the actual dollar) and looks nailed to between $49 and just over $50.

With BTC rocketing so much that is remarkably steady.

That is quite telling.

Monero is great tech, but i'm getting a bit sour here. Since fluffys great "announcment" this ship is sinking and there are no signs of rescue.

What great announcement?

The only thing that can save monero is if we change to protocol not to have an infinite coin supply but have a hard cap like Bitcoin. All arguments defending tail emmission fail horribly and make even worse baseless assumptions.

WTH are you talking about? Please reiterate those failing arguments.

Just because your book is too heavy doesn't mean we are going to change shit for you. That Euro trash risto tried this and failed years ago what do you think your odds are?

[KeyJockey]

Basicly we have broken every possible resistance, including the great yearly trendline.

Compared to the whole crypto market Monero underperforming horribly. Dont tell my other are going down too, yes they do, but thy made 30x before so it doesnt matter.

Monero is great tech, but i'm getting a bit sour here. Since fluffys great "announcment" this ship is sinking and there are no signs of rescue.

BUY when there is BLOOD in the STREETS!!!   

[notrouble]

The price of monero makes me also a little bit sceptical now.
My fear is that even if it is not raising with bitcoin right now, that it will fall with it when the next drop comes...
I am a little bit fucked up that also some shitcoins are outperforming the last days, while monero price is falling today.
Do people read what is behind a coin and what announcements the devs made or are they just buying the ones with good marketing?

OK, now I will take a deep breath and HODL on

[kwukduck]

i dont really understand why monero keeps dropping in usdt price. if its not increasing okay but why drop?
any insights?

It's been pretty steady in USD terms (the actual dollar) and looks nailed to between $49 and just over $50.

With BTC rocketing so much that is remarkably steady.

That is quite telling.

Monero is great tech, but i'm getting a bit sour here. Since fluffys great "announcment" this ship is sinking and there are no signs of rescue.

What great announcement?

The only thing that can save monero is if we change to protocol not to have an infinite coin supply but have a hard cap like Bitcoin. All arguments defending tail emmission fail horribly and make even worse baseless assumptions.

WTH are you talking about? Please reiterate those failing arguments.

Just because your book is too heavy doesn't mean we are going to change shit for you. That Euro trash risto tried this and failed years ago what do you think your odds are?

The main two arguments made are the 'problems' a capped coin runs into with;
A: A static limited block size.
B: A large (effectively infinite) block size.

I think i don't even need to explain why these two statements fail to make their argument work as they are just non-existent or at least unlikely scenarios.
With scenario A the issue raised is that it will cause insane fees and horrible scaleability causing users to leave the network.
With scenario B the issue raised is that fees will go down to zero causing miners to lose incentive to mine.

There is a fear that block rewards will not be sufficient to incentivise miners to secure the network.

The block reward doesn't drop to zero overnight, it's a slow process to which the users, miners and entire ecosystem adapt over time.
As for the block size, this should be dynamic, built into the protocol, calculating the size to be both sufficient to handle the majority of transactions while maintaining scarcity in the block. If the algorithm doesn't do this it needs to be reviewed.

The lost-coins argument is also mute right from the start, coin loss is not a bad thing, it increases the value of all other coins, making it more scarce.

I've heard the argument that this causes hoarding instead of spending which i believe is an empty argument too.
I hold a certain number of XMR static and i use it as well. Whenever i use XMR i also buy back to keep my amount the same. I do the same with other coins. I understand why people would want to hoard but that doesn't mean people won't spend just as well and just as much.

The only thing tail emission does is potentially dilute the coin supply into oblivion and suppress the price.

[Hueristic]

...

The only thing tail emission does is potentially dilute the coin supply into oblivion and suppress the price.

The coin is designed to be used as a stable form of money not to appreciate so right there is why you are not comprehending the reasons built into the design. As adoption increases the volatility needs to be kept to a minimum and as you can plainly see the coin is very stable in regards to USD which is the ONLY real metric that matters.

[aminorex]

It was difficult enough to made the prudent adjustment to the social contract required to ensure a adequate block reward in perpetuity when the size of the community of contributors was much smaller. Attempting to reverse that prudent action would both be imprudent and highly unlikely given the difficulties of quorum size that would exist today. Moreover the conception of the problem is entirely erroneous since the rate of growth is both less than that of gold supply and very likely on par with the rate of random loss.

The smooth evolution of the six-month development heartbeat that we have experienced to date is largely attributable to the fact that the changes being implemented at each step are so obviously beneficial and non-controversial. Any change in the tail emission now would be a gross disruption of the social contract and inevitably lead to the kind of hard-forking traumas that we see in less well-managed coins, such as ETH and BTC.

I perceive our new quote-unquote friend kwukduck to be a social saboteur, perhaps a foolish short speculator who has sold in size at what is likely to be the lowest price of all pending futurity.  I would enjoy watching him cover, preferably perforce.