child_harold
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 02:43:06 PM |
|
regarding mymonero it would be useful if there was an FAQ explaining the use of mixin and which number to choose.
could somebody explain what mixin count refers to (does 3 mean the use of 3 ring sigs or something) and why 4 is the biggest option (why not 8 for example)? cheers
|
|
|
|
jehst
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 02:45:11 PM Last edit: December 30, 2014, 03:00:13 PM by jehst |
|
just trying to ask the right questions and keeping it real.
The question of "wide usage" does very little to differentiate cryptocurrencies. Bitcoin is about as widely used as Dogecoin or Quarkcoin when compared to the US dollar any major currency (i.e. not widely used at all). So the question doesn't help. It merely lumps all crypto together. Bitcoin should not be lumped in together with Quarkcoin. All crypto is experimental. Any real long-term gamble (or "investment," if you want to be snooty about it) in crypto must be made based on expected value. Implied probability. Aminorex said it better than I can say it: I am convinced, by facts and logic, that it is the best investment on the planet at this time. If it goes lower, it becomes even better.
Fact: U.N. estimates global black market at 2 tn USD in 2012. Fact: PQ=MV Fact: Cryptonote is the only dark transaction protocol providing useful levels of unlinkability and untraceability. Fact: XMR is the leading cryptonote coin by orders of magnitude in liquidity. Fact: XMR is not usable by non-technical persons without trusting a web wallet today, but will be when GUI, DB, and multi-sig are officially released. Logic: Dark markets will adopt the best usable privacy and hence PQ is assured to approach some fraction of 2tn Fact: Multinational corporations require to maintain secrecy in their internal cross-border transactions. Logic: When XMR liquidity is high enough, it will be adopted by multinational corporations for internal cross-border transactions Fact: Nation-states and the central banks which own them seek to enslave the planet, taking control of financial assets at will. Logic: Wealth will migrate to dark storage, and when XMR has sufficient liquidity, it will be the dominant form of dark storage.
There is a clear three stage path from miniscule to gigantic, each step of which bears a fundamental inevitability. It is possible although unlikely for an alternative dark ledger to take the lead, but until then, XMR has the most asymmetric risk/return in the history of finance. And what he means by "asymmetric risk/return" is that there may be a small chance that xmr becomes the dominant form of private wealth storage in the world. Yet if it does, it will be worth at least hundreds of times more than it is now. I am not supporting or acquiring XMR based on its current use as a currency, but rather on its expected value.
|
Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
|
|
|
dEBRUYNE
Legendary
Offline
Activity: 2268
Merit: 1141
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 02:58:36 PM |
|
reality sinked in fast with this one. makes for an easier trading decision.
Hey manic-depressive-bro. If a <50% correction after a 100% rise scares you, stay out of cryptocurrency. Go invest in a mutual fund. If you're a day-trading master, go ahead and ride the waves. the first question for a willing longterm investor to ask is: is xmr widely used as a currency? No, it's not. And neither is bitcoin. is it a crime to ask what people think and express my own opinions about price movements? as for it's not widely used as a currency yet, it's not a problem for me to be quite honest. if it's trending up for the longterm then it's all good. but i would be willing to go super longterm to the moon if signs point to mass adoption. and rightly so. In my opinion not, I also don't understand why other users are so agressive against you since you're not fudding but asking normal questions. Anyway, looking at the bolded part: XMR is not widely used yet, but I think it will be once all core features are out (DB/GUI/multisig). Remember that the GUI will be released shortly after the DB is stable, it currently makes no sense to release a GUI without a stable DB. The reason why I think it will be widely used is that it is far superior over bitcoin looking at linkability and traceability. But we have to ask ourselves, what do you call widely used? In my opinion, if we we're added to the largest darknetmarkets we can call it widely used. Since XMR is superior to BTC, I think it will only be a matter of time. EDIT: Forgot to add, the MEW is also setting up a Monero Marketing Taskforce ( https://bitcointalk.org/index.php?topic=583449.msg9958424#msg9958424)
|
|
|
|
tokeweed
Legendary
Offline
Activity: 4046
Merit: 1443
Life, Love and Laughter...
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 02:59:25 PM |
|
jehst, don't use the word "gamble", xmr is not a day trading coin. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | ██░░░░░░░░░░░░░░░░░░░░░░██ ▀█▄░▄▄░░░░░░░░░░░░▄▄░▄█▀ ▄▄███░░░░░░░░░░░░░░███▄▄ ▀░▀▄▀▄░░░░░▄▄░░░░░▄▀▄▀░▀ ▄▄▄▄▄▀▀▄▄▀▀▄▄▄▄▄ █░▄▄▄██████▄▄▄░█ █░▀▀████████▀▀░█ █░█▀▄▄▄▄▄▄▄▄██░█ █░█▀████████░█ █░█░██████░█ ▀▄▀▄███▀▄▀ ▄▀▄▀▄▄▄▄▀▄▀▄ ██▀░░░░░░░░▀██ | | | | | | | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄██████▀████░███▄▀██▄ ███░█████████▀██░████░███ ███░████░█▄████▀░████░███ ███░████░███▄████████░███ ▀██▄▀███░█████▄█████▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP FAZE CLAN SSC NAPOLI | | |
|
|
|
jehst
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 03:01:52 PM Last edit: December 30, 2014, 03:23:53 PM by jehst |
|
jehst, don't use the word "gamble", xmr is not a day trading coin. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Haha. The only reason XMR is not a daytrading coin is that you can't short it. Inflation is too high to really bet on short-term upward movements. The inflation will be high for 2-3 more years. That means that the rest of the world has 2-3 years to figure out what XMR is and get some before supply dries up and things get serious, which is about 2-3 years longer than the world had to figure out what Darkcoin* was (24 hours) before nearly 50% of it was distributed. It's plenty of time. For those lucky enough to be reading this now or before 2017, you should take your balls in your hand and acquire 0.1% of XMR along with your BTC. * Darkcoin, is, by the way, a technically inferior coin that will almost certainly be supplanted by even hackjob bitcoin-based privacy solutions such as Dark Wallet or sidechains, let alone XMR. No offense, Taaki et al. It's the best that bitcoin will ever do with its political constraints.
|
Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
|
|
|
dEBRUYNE
Legendary
Offline
Activity: 2268
Merit: 1141
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 03:05:29 PM |
|
regarding mymonero it would be useful if there was an FAQ explaining the use of mixin and which number to choose.
could somebody explain what mixin count refers to (does 3 mean the use of 3 ring sigs or something) and why 4 is the biggest option (why not 8 for example)? cheers
Highest number is the best. It is safer, but you will pay more fees than when using a lower mixing count. I don't know for sure what it refers to, but I think it's the same as number of repetitions when using coinjoin (transaction will be mixed 3 times when using mixing count 3). I hope someone with more knowledge on this subject could explain it better.
|
|
|
|
luigi1111
Legendary
Offline
Activity: 1105
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 03:50:22 PM |
|
...which is about 2-3 years longer than the world had to figure out what Darkcoin* was (24 hours) before nearly 50% of it was distributed.
DRK's launch day was bad. Terrible. Horrible. Should-have-been-relaunched. Even scammy. Etc. However, the above is a bit disingenuous. Right now, day 1 stands a bit under 40% of current supply. The entire instamine is about 10% of estimated total supply. I enjoy your other analyses, so keep it up! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
|
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 03:52:51 PM |
|
Monero has seen quite a bit of transactional use, for a coin of its age and liquidity. I can say this because I have used it enough, for actual goods and services purchases, so that I can place a respectable minimum bound on such uses. That is not wide-spread use, just anecdotal use, like the bitcoin pizza and alpaca socks. It proves that it *can* be used, an existence proof. It does not prove that it *is* being used, or that it *will* be used. Statistics from mymonero.com would be super-helpful in gauging trends in transactional use, or one could estimate on the basis of samples and transactional data from the blockchain. Hard to put error bars around that, however, given the lack of a workable, rigorous sampling methodology.
Those numbers are so far from the sort of transaction volume required to provide fundamental value in the sense of quantity theory that they are largely irrelevant to that aspirational regime: Likely, there are several model phase changes in between the current state and that goal state. When you buy into XMR, you are buying into the tech, the team, the community, making a choice that the technology is sufficiently compelling, the team sufficiently competent, the community sufficiently vital, to create a compelling distinction from any alternatives meeting the requirements of a leading dark ledger. Those are the only fundamentals that matter right now: Tech, team, and traction. (I needed a third "t", sorry.)
|
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.
|
|
|
jehst
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 03:54:53 PM |
|
...which is about 2-3 years longer than the world had to figure out what Darkcoin* was (24 hours) before nearly 50% of it was distributed.
DRK's launch day was bad. Terrible. Horrible. Should-have-been-relaunched. Even scammy. Etc. However, the above is a bit disingenuous. Right now, day 1 stands a bit under 40% of current supply. The entire instamine is about 10% of estimated total supply. I enjoy your other analyses, so keep it up! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I'm sure the readers enjoy the clarification. Thank you. 40% of the current supply of DRK was instamined.
|
Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 04:07:27 PM |
|
DRK's launch day was bad. .... Right now, day 1 stands a bit under 40% of current supply. The entire instamine is about 10% of estimated total supply.
The numbers do improve over time, but 10% is beyond the pale. It could be fixed with an airdrop or some other expedient to disperse those coins, but that leaves a lingering issue: What does that history say about the competence, the moral and strategic capability of the leading actors? The instamine distribution numbers could be fixed, but as long as those actors are still influential in the community, the technology decisions, the governance, I don't think it is a reasonable place to store value -- nor would I be inclined to trust lifestyle-threatening secrets to their quasi-cryptographic privacy schemes, let alone their implementation of those schemes, given the manifold ways in which they could subvert those obfuscations in order to conduct extortion which would be far, far more profitable than any instamine has ever been. As an investment? My observation of enterprises over the years has been that any sort of internal corruption absent rigorous and effective governance capable of detecting and correcting it, is probably going to be fatal to the enterprise as a whole. I know this is not a DRK-bashing thread. But DRK does have more nominal cap than XMR, so it is very important to the future of XMR. XMR cap passed DRK briefly before the BCX fud fiasco. Any meaningful speculation on XMR depends in some non-negligible part on its ability to take share from DRK. thankful_for_today is no longer in the mix, so I feel the sources of potential corruption have been removed, the taint effectively washed away, from XMR. The rapid mining start was somewhat rash perhaps, but entirely open and public, and the distribution impact miniscule. This makes the investment potential much better. The tech makes the transaction potential much better, because it is darker than dark, and less likely to be sabotaged, subverted. The value store potential....well, that depends on so many other factors, and is so far out on the horizon that I won't even go there yet.
|
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.
|
|
|
luigi1111
Legendary
Offline
Activity: 1105
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 04:23:42 PM |
|
DRK's launch day was bad. .... Right now, day 1 stands a bit under 40% of current supply. The entire instamine is about 10% of estimated total supply.
The numbers do improve over time, but 10% is beyond the pale. It could be fixed with an airdrop or some other expedient to disperse those coins, but that leaves a lingering issue: What does that history say about the competence, the moral and strategic capability of the leading actors? The instamine distribution numbers could be fixed, but as long as those actors are still influential in the community, the technology decisions, the governance, I don't think it is a reasonable place to store value -- nor would I be inclined to trust lifestyle-threatening secrets to their quasi-cryptographic privacy schemes, let alone their implementation of those schemes, given the manifold ways in which they could subvert those obfuscations in order to conduct extortion which would be far, far more profitable than any instamine has ever been. As an investment? My observation of enterprises over the years has been that any sort of internal corruption absent rigorous and effective governance capable of detecting and correcting it, is probably going to be fatal to the enterprise as a whole. I know this is not a DRK-bashing thread. But DRK does have more nominal cap than XMR, so it is very important to the future of XMR. XMR cap passed DRK briefly before the BCX fud fiasco. Any meaningful speculation on XMR depends in some non-negligible part on its ability to take share from DRK. thankful_for_today is no longer in the mix, so I feel the sources of potential corruption have been removed, the taint effectively washed away, from XMR. The rapid mining start was somewhat rash perhaps, but entirely open and public, and the distribution impact miniscule. This makes the investment potential much better. The tech makes the transaction potential much better, because it is darker than dark, and less likely to be sabotaged, subverted. The value store potential....well, that depends on so many other factors, and is so far out on the horizon that I won't even go there yet. I very much enjoy reading your thoughts. Thank you, sir. Minor correction: XMR has never had a higher cap than DRK. The per coin price of XMR was higher briefly several times in August.
|
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 04:59:57 PM |
|
Emotional investment in the merits of a pet project (XMR for example), combined with a history of (e.g. FUD, and buffer/numerical overflow software) attacks upon it, can lean to an unhealthy level of sensitivity, paranoia even. If you find yourself reacting in this way, you probably shouldn't be making investment or trading decisions until you've distanced yourself a bit from the situation emotionally, so that reason can do its work unclouded. And please think twice before posting a reactive negative message. It can harm your own interests by damaging the social atmosphere which your investment breathes, and depends upon. God knows I've been guilty of hasty reactive hostility on more than one occasion. Let that serve as a lesson for other kids.
That said, it is helpful to confront uncertainty with elucidating questions, confront error and falsehood with factual truth, and confront more subtle malignancies by exposing their dark folds to clarity in incremental steps with the scalpel of logic (rather than using a rhetorical hammer to smash at every perceived threat).
|
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.
|
|
|
jehst
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 05:08:14 PM |
|
Emotional investment in the merits of a pet project (XMR for example), combined with a history of FUD attacks upon it, can lean to an unhealthy level of sensitivity, paranoia even. If you find yourself reacting in this way, you probably shouldn't be making investment or trading decisions until you've distanced yourself a bit from the situation emotionally, so that reason can do its work unclouded. And please think twice before posting a reactive negative message. It can harm your own interests by damaging the social atmosphere which your investment breathes, and depends upon. God knows I've been guilty of hasty reactive hostility on more than one occasion. Let that serve as a lesson for other kids.
Could be a cultural difference. That's just the way we talk in New York. The Bible has 100 translations and versions, correct? The way I see it, we need to get this message out in every language and style there is. Some people demand to be confronted. Some people demand to be spoken to and told what to do plainly and for what reasons. You can be the King James version if you will, but I'm going to elucidate this "pet project" in the manner in which I'm familiar.
|
Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 05:14:26 PM |
|
Could be a cultural difference. That's just the way we talk in New York.
Which suggests to me that another use-case of XMR might be au courant : In light of Über's "rides of glory" fiasco, I want to pay for car service in XMR. Unfortunately that's not the whole solution: The app is the root of the problem, not the credit card. But it is a necessary part of the solution. These flaps and furors will occur again in future. When they do, we need to hop on them, inject the privacy benefits of cryptonote into the conversation.
|
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.
|
|
|
jehst
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 05:27:30 PM |
|
Could be a cultural difference. That's just the way we talk in New York.
Which suggests to me that another use-case of XMR might be au courant : In light of Über's "rides of glory" fiasco, I want to pay for car service in XMR. Unfortunately that's not the whole solution: The app is the root of the problem, not the credit card. But it is a necessary part of the solution. These flaps and furors will occur again in future. When they do, we need to hop on them, inject the privacy benefits of cryptonote into the conversation. re: Uber Agreed. We've not yet sufficient usability to seriously suggest XMR to those most in need of its benefits, but it won't be long before we do. And if those who are most in need of its benefits are too short-sighted to realize that they need XMR's benefits, then it will be up to us to build competing services to demonstrate that fact. re: emotional investing I've been holding some amount of crypto without interruption for more than three years, friend. I do not invest emotionally, but I can recognize a good deal when I see one.
|
Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
|
|
|
pa
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 05:27:50 PM |
|
regarding mymonero it would be useful if there was an FAQ explaining the use of mixin and which number to choose.
could somebody explain what mixin count refers to (does 3 mean the use of 3 ring sigs or something) and why 4 is the biggest option (why not 8 for example)? cheers
Highest number is the best. It is safer, but you will pay more fees than when using a lower mixing count. I don't know for sure what it refers to, but I think it's the same as number of repetitions when using coinjoin (transaction will be mixed 3 times when using mixing count 3). I hope someone with more knowledge on this subject could explain it better. The mixin count refers to the number of other signatures (aside from yours) in the ring-signature that authorizes the transaction. So a mixin of 3 means that there are a total of 4 signatures. This means that someone looking at the monero blockchain has no way of knowing which of the four signers is the true sender.
|
|
|
|
coinits
Legendary
Offline
Activity: 1582
Merit: 1019
011110000110110101110010
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 06:16:30 PM |
|
Could be a cultural difference. That's just the way we talk in New York.
Which suggests to me that another use-case of XMR might be au courant : In light of Über's "rides of glory" fiasco, I want to pay for car service in XMR. Unfortunately that's not the whole solution: The app is the root of the problem, not the credit card. But it is a necessary part of the solution. These flaps and furors will occur again in future. When they do, we need to hop on them, inject the privacy benefits of cryptonote into the conversation. Sometimes, in order to fix stupid, one must smack a shovel up the side of the head of said stupid head. Now some will argue that you can't fix stupid and there is some merit to that argument. Unfortunately uber stoopid is terminal.
|
Jump you fuckers! | The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers. | My sig space for rent for 0.01 btc per week.
|
|
|
Hueristic
Legendary
Offline
Activity: 3906
Merit: 5241
Doomed to see the future and unable to prevent it
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 06:46:56 PM |
|
reality sinked in fast with this one. makes for an easier trading decision.
How many times can you sell the same coins? I thought it happened already in 170s..? what i meant by easier, is it's easier in letting this one go as it might stay flat/go slowly down. win or lose, i try to avoid buying and waiting (hoping), unless my paper profit is really huge and can relax a bit. i'm hoping the driver comes back tho. but it looks like he may already have left. i will sell if it stays like this for a few more days. We are at the price we were only 2/3 DAYS ago. That's a very short time to base a decision on.... i like trading trends. i don't buy and hold (hope) anymore. i am too impatient for it. having said that, giving it a few more days before making a decision. i'd rather take a small loss than taking a big one cos i was holding (hoping)... ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fmedia.tumblr.com%2Ftumblr_m7kfufL9E21rs3zxi.jpg&t=665&c=5Cu9IGZkb01fZQ)
|
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
|
|
|
cAPSLOCK
Legendary
Offline
Activity: 3766
Merit: 5146
Whimsical Pants
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 07:00:42 PM |
|
I would urge everyone to limit their holdings. Excessive concentration of ownership will damage the upside.
This is no doubt true. Do you have any suggestions on some appropriate numbers though? 18.6k would be .1% of the long-term supply. I would not fault anyone for owning that much. 1000 enthusiasts would, conceivably, suffice to build an economy, which would disperse ownership as others became involved. Anyhow, as long as price is under downward pressure, you should not feel guilty (or foolish) for buying too much, no matter how much you own. You can always sell it later, at a BTC profit, when price is trending up, if you think it is wise to reduce your holdings to aid dispersion. Just curious, and you have no need to answer this... but did you limit yourself to 0.1% supply?
|
|
|
|
cloverme
Legendary
Offline
Activity: 1512
Merit: 1057
SpacePirate.io
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 30, 2014, 07:08:21 PM |
|
The only thing going for it is that it's starting to be used in the dark corners of the internet now as an alternative to darkcoin.
You mind sharing some examples of this?? I'll see if I can find where it was cited, I think it was on either deepdotweb or reddit that was reporting that listings on Nucleus (similar to SR) were showing people asking for Darkcoin or Monero. Either way, the casual Monero user is going to be interested in the anonymity of using it vs darkcoin/darksend. I could be wrong in my perception of what the casual monero user is going to use it for. Setting libertarians aside, what's the general use case for it vs something like cloakcoin? I think it's acceptance on more exchange and market acceptance. Like I said, I could be wrong.
|
|
|
|
|