[XMR] Monero Speculation

[denetci]

bill gates said:
the main feature of crypto currencies is their anonymity. I don't think this is a good thing. The Governments ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long.


I'd be curious to hear what Bill thinks about blockchain technology ASIDE from cryptocurrency. Such as it's Web 3.0 possibilities, elimination of global trust, etc.

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[1714543763]

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[garytheasshole]

bill gates said:
the main feature of crypto currencies is their anonymity. I don't think this is a good thing. The Governments ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long.


I'd be curious to hear what Bill thinks about blockchain technology ASIDE from cryptocurrency. Such as it's Web 3.0 possibilities, elimination of global trust, etc.

Bill is a business man, not a techie, his views are shortsighted and always pro status quo, he is a billionaire after all, whatever insights he has about technology are most likely flawed.

[MilanaPay]

I am constantly tormented by the question of Monero, it is worth keeping it for long-term prospects, a year or two? There is a potential for growth, just a lot of analogues appeared much more promising.

[explorer]

It's good to see more and more exchanges listing XMR.  I see that Upbit (#2!) has higher volume than Poloniex.  What's an Upbit ?!?

https://www.livecoinwatch.com/price/Monero-XMR

[TheFuzzStone]

What's an Upbit ?!?

Some Korean exchange --> https://upbit.com/

[Dansamiv]

I am constantly tormented by the question of Monero, it is worth keeping it for long-term prospects, a year or two? There is a potential for growth, just a lot of analogues appeared much more promising.

Yes, I think that in addition to bitcoin, mono coins are gaining so much attraction from non-governmental organizations. by the anonymity and distinct of everything. Monero's usability and security can grow and develop in the short run, but in the future, it may be a big question. I have some worries about that.

[iCEBREAKER]

[...] No need to kick the poor DashHoles when they're already down [...]

Isn't that your specialty?

Heh.  No comment! 

However, I must report seeing for a brief moment on Livecoinwatch XMR's market cap exceed Dash's.  Sorry, wasn't fast enough to grab a screencap.

I expect #TheFluffening to intensify, solidify, stabilize, and finally accelerate.  The trend is our friend!

[leea-1334]

Goldman-backed startup Circle buys Poloniex cryptocurrency exchange



https://www.reuters.com/article/us-crypto-currencies-circle/goldman-backed-startup-circle-buys-poloniex-cryptocurrency-exchange-idUSKCN1GA1N4

Polo is not usable any more with bitches like Goldman Sachs owning it  

Meh. It's hardly usable anyway right now in it's current state. And you know that only depends on whether you plan on paying taxes. I sold a little crypto to build a house and I was fine using exchanges that report to the feds because you cant get away with paying for something like a house without paying taxes anyway. So it all just depends on the situation. But yea if you plan on spending a million dollars per year of profits on hookers and blow and not paying taxes on those profits you probably shouldn't use VSquidEx.

Exactly. I think it started becoming unusable as soon as Bitcoin started its spring run mid last year. I had only ever used it for the loaning services, happy to have made my share of profits from that, but I am glad I got out of it before all that shitstorm rained down.

I pay my taxes, I do my KYC when required, I do everything I know I will eventually have to do. But I am pretty sure guys like Poloniex would find any excuse to bite me in the ass one day.

[ultegra]

Goldman-backed startup Circle buys Poloniex cryptocurrency exchange



https://www.reuters.com/article/us-crypto-currencies-circle/goldman-backed-startup-circle-buys-poloniex-cryptocurrency-exchange-idUSKCN1GA1N4

Polo is not usable any more with bitches like Goldman Sachs owning it 

Could not agree more.
and also the fact it seems impossible to get verified there. Submitted all valid documents - verified at Binance and Kraken in a matter of days. Been over a month with polo and nothing at all. They can go and fist themselves.

[Sipizter]

Goldman-backed startup Circle buys Poloniex cryptocurrency exchange



https://www.reuters.com/article/us-crypto-currencies-circle/goldman-backed-startup-circle-buys-poloniex-cryptocurrency-exchange-idUSKCN1GA1N4

Polo is not usable any more with bitches like Goldman Sachs owning it  

Could not agree more.
and also the fact it seems impossible to get verified there. Submitted all valid documents - verified at Binance and Kraken in a matter of days. Been over a month with polo and nothing at all. They can go and fist themselves.

My verification ticket has been open for over 2 months and no ticket updates/acknowledgement of any kind from Polo.

EDIT: we seem to have surpassed Dash in marketcap. Yei!

[Febo]

Goldman-backed startup Circle buys Poloniex cryptocurrency exchange



https://www.reuters.com/article/us-crypto-currencies-circle/goldman-backed-startup-circle-buys-poloniex-cryptocurrency-exchange-idUSKCN1GA1N4

Polo is not usable any more with bitches like Goldman Sachs owning it  

Could not agree more.
and also the fact it seems impossible to get verified there. Submitted all valid documents - verified at Binance and Kraken in a matter of days. Been over a month with polo and nothing at all. They can go and fist themselves.

My verification ticket has been open for over 2 months and no ticket updates/acknowledgement of any kind from Polo.

EDIT: we seem to have surpassed Dash in marketcap. Yei!

It took me 6 weeks and finally got succead about a week ago.  They definitely lack of people or organizing the people, that is why I think this merger will do super good to Poloniex.  Nowadays being an exchange is way more then just exchange coins. Huobi have their own stream where they interview coins that are applying to join them.  Exchanges are making a show out of it. Poloniex actually used to have a show and it was called Trolbox. After they canceled it their volume started staying at same point while other exchanges increase it drastically.    Huobi is also one or rare top exchanges without Monero.

[alyssa85]

Monero is going to hard fork:

https://www.newsbtc.com/2018/03/01/monero-hard-forks-to-monerov-in-mid-march/

MoneroV Airdrop

Prices are likely to continue upwards as the hard fork approaches block 1529810 around March 14. From then on MoneroV will be born out of the blockchain and holders of XMR will get a ten times airdrop of XMV coins if they have them in a Monero wallet. Exchanges are unlikely to support the fork as was the case with Litecoin Cash. Also as with LCC there have been concerns about entering private keys into the new wallet that could potentially enable access to crypto stored in the original one.

According to the blurb on its website MoneroV ‘has limited supply of coins while Monero’s coin supply is infinite, and MoneroV will implement new protocols that will solve the scaling problems facing Monero and other cryptocurrencies.’

[cAPSLOCK]

Monero is going to hard fork:

https://www.newsbtc.com/2018/03/01/monero-hard-forks-to-monerov-in-mid-march/

MoneroV Airdrop

Prices are likely to continue upwards as the hard fork approaches block 1529810 around March 14. From then on MoneroV will be born out of the blockchain and holders of XMR will get a ten times airdrop of XMV coins if they have them in a Monero wallet. Exchanges are unlikely to support the fork as was the case with Litecoin Cash. Also as with LCC there have been concerns about entering private keys into the new wallet that could potentially enable access to crypto stored in the original one.

According to the blurb on its website MoneroV ‘has limited supply of coins while Monero’s coin supply is infinite, and MoneroV will implement new protocols that will solve the scaling problems facing Monero and other cryptocurrencies.’

Yes.  We are aware of the "fork".  Most of us see it as at best a scam, and possibly even an attack on Monero.

[cAPSLOCK]

Have you guys noticed this pattern:

1.  Upward price movement in XMR that looks organic and metered.
2.  Then very quickly thereafter one or two giant market sells that flatten the price back down.

I have seen this over and over for years now.

[ArticMine]

Have you guys noticed this pattern:

1.  Upward price movement in XMR that looks organic and metered.
2.  Then very quickly thereafter one or two giant market sells that flatten the price back down.

I have seen this over and over for years now.

Sure and how sustainable is this without an increase in price? 

[cAPSLOCK]

Have you guys noticed this pattern:

1.  Upward price movement in XMR that looks organic and metered.
2.  Then very quickly thereafter one or two giant market sells that flatten the price back down.

I have seen this over and over for years now.

Sure and how sustainable is this without an increase in price? 

This is not exactly the type of thing... but even the most recent 1m chart shows the constant market dumping we see.

[Nathan047]

Have you guys noticed this pattern:

1.  Upward price movement in XMR that looks organic and metered.
2.  Then very quickly thereafter one or two giant market sells that flatten the price back down.

I have seen this over and over for years now.

Isn't that the entire crypto market?

[cAPSLOCK]

Have you guys noticed this pattern:

1.  Upward price movement in XMR that looks organic and metered.
2.  Then very quickly thereafter one or two giant market sells that flatten the price back down.

I have seen this over and over for years now.

Isn't that the entire crypto market?

I suppose so.  And perhaps I am being a wee bit paranoid.  But maybe some other old timers here know what I am talking about.

[explorer]

Have you guys noticed this pattern:

1.  Upward price movement in XMR that looks organic and metered.
2.  Then very quickly thereafter one or two giant market sells that flatten the price back down.

I have seen this over and over for years now.

Isn't that the entire crypto market?

I suppose so.  And perhaps I am being a wee bit paranoid.  But maybe some other old timers here know what I am talking about.

Ride the waves    It's all been pretty orchestrated for years, IMO.  Just like every other market.  If there's money to be made, someone will...

[cAPSLOCK]

Have you guys noticed this pattern:

1.  Upward price movement in XMR that looks organic and metered.
2.  Then very quickly thereafter one or two giant market sells that flatten the price back down.

I have seen this over and over for years now.

Isn't that the entire crypto market?

I suppose so.  And perhaps I am being a wee bit paranoid.  But maybe some other old timers here know what I am talking about.

Ride the waves    It's all been pretty orchestrated for years, IMO.  Just like every other market.  If there's money to be made, someone will...

I am no good at wave riding.  I will lose both of my moneros.

But I see you use the word orchestrated.  Care to unpack that a bit?