Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 863. (Read 2375939 times)

Relax.

WTH is going on?
Bittrex disabled XMG wallet, its status "Inactive".
"Inactive    The wallet is disabled. This is usually due to the network having difficulties or the wallet taken offline due to a coin swap. "
51% attack? )

Yeah, new users...sorry I forgot to mention that 

It's only for new users am I right? Also, the app is only available to certain countries, unless you'd download from an external site w/c is very risky.

For the next two days, Circle for Android is giving away $5 for free!

Check it out here

I'm putting my $5 into Magi  I'd suggest supporting XMG by doing the same!

Preparing my paper wallet and booking the plane!
Somebody gonna buy some balms and painkillers for when the bouncers will beat the shit out of us. 

I know a place just off Damrak in Amsterdam ...

Oke when are we going?

Rofl. When you and I can do that with XMG ... oh hang on ... there's always a paper wallet - that'll do nicely you cheeky boy!

It think the point is that most of people are scared by the pump and dump mechanism and, at a lower level, there is a big confusion between and asset and a coin.

Cryptocurrencies were born with the idea of becoming "real money", something you could use for buying things without all the banks and governements shits. At the moment they almost are entirely an asset. Something you buy, sell and trade but when you wanna buy milk, you don't use bitcoin, you use traditional money. The reasons of this are complicated and I'm unfortunately not someone who could say something meaningful about it. I honestly believe one of the focal point is that all this crypto stuff is utterly complicated. I can't imagine my granma going buying bread using 3 wallets, 5 apps and whatever, she just open her purse, takes some old coins and stop, everything is finished. She doesn't need to worry about orphaned blockchaines, wallet bugs or chinese hackers stealing her money.

Cryptocurrency are all more or less at the trade-for-fun level, they're all flawed with huge volatility to be really peceived as currencies. Trading coins can be fun, if you have some basic data analisis skills you can make some profit selling high a buying low but at the end of the day you want to buy a bottle of scotch, a car or putting money into the pants of a stripper, and all of this can't be made with cryptos.

If magi manages to remain stable while still growing, it can gain the trust needed to be used as a currency, or, at least, something you can jump back beetwen a trade raid and the next one.
Btw, after all the philosophical stuff, if magi remain volatile, at least let's make it grows untill 100 usd each, as already mentioned, I have a mortgage!!

I am inclined to agree with you there. 7K ~ 8K is about the right valuation right now, but there is great potential for improvement over time. Stability would be good and we could do without the "boom and bust" scenarios, but having witnessed the buying support when prices start to tumble I am always sure that it is only a temporary condition. My impression was that the last dip in XMG price was largely due to one or two individuals determined to shed their XMG quickly for whatever reasons. This always causes a dip in the price, since shrewd buyers will immediately drop their bid prices in response, sellers will drop their ask price in response to that and so it goes around, until the brief excess supply of coins is bought up (cheaply).

If people would just hold onto their coins and not sell them at silly prices ....

If the support resists I'd say we can stably float around 7k. Let's see what happens.
7k could be a nice value for staying a while, getting stronger with the community growing, attracting more people and so on.

Yes Joe it is. And more awesome developments will come!

______________________________________

Proof of Interest is almost finished! I told you all before Magi received first donation for a second Proof of Interest this year. I will try to collect more donations for the second Proof of Interest. 
And I will keep you all informed.

VOTED

Nice keep the votes coming guys.

voted

anyone wanna play CS:GO?

https://bitcointalksearch.org/topic/speculate-which-altcoin-will-eventually-reach-parity-with-btc-1071351

Think Magi could use some more votes to stay on second spot!

Nope. The first I heard about it was here. I have an account there but never got any email about the closure, so it is all a bit of a puzzle.

I blame the French

Yes thats it. Because you are so handsome!! Lol
Don't know why they stops. Somebody else knows it???

Many thanks to whom sent me some magi.
Is it because I'm so handsome? 

Looking forward the new campaing, sounds fun!

Does anybody have any idea why noncepool is closing? Btw better remind it to everyone here, 1 June noncepool closes