Topic: Anonymity hype Philosophy & Warning of the ongoing Monero pump - page 2. (Read 2121 times)
Why is it that when a coin is going up substantially there is always someone in the forum who will question it and post something bad sometimes it is always fud. Would it be more profitable for everyone to also buy and see where it goes and how high? I cannot get these people sometimes.
Any thoughts on whether the Monero pumping is just being set up to set up an exit for whales eyeing Z-cash as the next thing?
Nice theory, I believe alot of people will be burnt by the recent pump of Dash and Monero which is been fueled by the assumption that both can reach parity. Zcash is one to watch out for due to its fundamentals but some have argued that there is nothing new in Zcash that is not in Moreno. Lets play the waiting game
Any thoughts on whether the Monero pumping is just being set up to set up an exit for whales eyeing Z-cash as the next thing?
Monero also has on demand transparency via view key
Did you just waste thread space?
Did you just waste thread space?
Total anonymity is necessary in order for distributed warfare to become possible financially.
Distributed warfare will be an aspect of the evolution for machines to take over without us humans noticing in the beginning. We have to organize the Singularity with anonymity, otherwise people will notice too quickly and be able to stop it.
Distributed warfare will be an aspect of the evolution for machines to take over without us humans noticing in the beginning. We have to organize the Singularity with anonymity, otherwise people will notice too quickly and be able to stop it.
yes, let's hope it is mainly the pump&dumper selling to themselves and not trying as hard next time.
But of course they chose some real event with presence of buyers and most people are not immune against FOMO and fear,
the real problem starts at latest when manipulation reaches the level of squeezing people into forced liquidation.
But of course they chose some real event with presence of buyers and most people are not immune against FOMO and fear,
the real problem starts at latest when manipulation reaches the level of squeezing people into forced liquidation.
*simulated hysteria
.
it can sadly take some time to go down again, if short squeezed people can not recover their positions and until additionally people notice the price.
Yet the real order book is much thinner. (The one i drew may be too big/high still).
Most of the volume should be assumed to be fake. The real market has been taken hostage for these days.
- Later, when buy walls get eaten, then they run. Logically this may be the only time in the process where the pumpers get afraid.
Yet the real order book is much thinner. (The one i drew may be too big/high still).
Most of the volume should be assumed to be fake. The real market has been taken hostage for these days.
- Later, when buy walls get eaten, then they run. Logically this may be the only time in the process where the pumpers get afraid.
XMR coins at 0.006 BTC are sadly long time history my friend.
1. On anonymity hype:
As Richard Stallman said,
1. You may want to support anonymity of most payers/donators generally,
but you may not want to specifically supporting anonymity of receivers/services, including evil ones/gun sellers/....
2. Most of the technical foundations of blockchains aren't all new.
Important are the social developments.
https://www.youtube.com/watch?v=RZ_3MKomQzY#t=220
Transparency VS Anonymity
If society had to chose one it would keep Transparency.
but there is no Transparency VS Anonymity knock-out
(Neither Direct democracy VS 'blockchain immutability' to make another example)
Each thing exists to some degree anyway. Bitcoin supports annoymity as far as you an fun an account anonymously.
We (society) have to go for the best/safest design to define their scope and co-existence responsibly.
There is always advantages/convenience to be unlocked, yet more importantly we do not want to enable dangers.
- If something represents anonymity only in exchange for transparency that does not represent what supporters of anonymity generally meant,
and it will not be used widely, when most people and legal behavior will stay out for good and all remaining users may be under general suspicion .
(Similarly: If something represents 'blockchain immutability' in exchange for direct democracy, then it also does not represent the pure original point/relevant, but much rather the specific trade-off to favor immutability against direct democracy.)
But of course you actually want to come up with a solution carefully sorting out the safest combination of everything relevant
2. Beware of the ongoing Monero pump.
-Trollbox calls for buying or selling are more often false than true.
-When shortsqueezes happen the market is in perpetual motion up for a short time but can crash any moment and the risk/reward ratio is worst. Every money you throw on it may end in the pumper's pocket. They may also control spikes up and down in interest rates and thus trigger waves of waiting orders.
-Once people calm and stop falling for the hysteria, the order book and trading volume vanish ( alone with the sneaky pump&dumping opportunity they triggered),
but before that they are not afraid to trade their >= Bitcoins in circles, wasting tons of fees, raising irrational FEAR and FOMO equally.
-Other cryptonote based currencies did not jump a lot
- I correctly alerted several pumps already:
Especially Monero and Factom pumping on the same day happend before
(and was noway sustainable)
As Richard Stallman said,
1. You may want to support anonymity of most payers/donators generally,
but you may not want to specifically supporting anonymity of receivers/services, including evil ones/gun sellers/....
2. Most of the technical foundations of blockchains aren't all new.
Important are the social developments.
https://www.youtube.com/watch?v=RZ_3MKomQzY#t=220
Transparency VS Anonymity
If society had to chose one it would keep Transparency.
but there is no Transparency VS Anonymity knock-out
(Neither Direct democracy VS 'blockchain immutability' to make another example)
Each thing exists to some degree anyway. Bitcoin supports annoymity as far as you an fun an account anonymously.
We (society) have to go for the best/safest design to define their scope and co-existence responsibly.
There is always advantages/convenience to be unlocked, yet more importantly we do not want to enable dangers.
- If something represents anonymity only in exchange for transparency that does not represent what supporters of anonymity generally meant,
and it will not be used widely, when most people and legal behavior will stay out for good and all remaining users may be under general suspicion .
(Similarly: If something represents 'blockchain immutability' in exchange for direct democracy, then it also does not represent the pure original point/relevant, but much rather the specific trade-off to favor immutability against direct democracy.)
But of course you actually want to come up with a solution carefully sorting out the safest combination of everything relevant
2. Beware of the ongoing Monero pump.
-Trollbox calls for buying or selling are more often false than true.
-When shortsqueezes happen the market is in perpetual motion up for a short time but can crash any moment and the risk/reward ratio is worst. Every money you throw on it may end in the pumper's pocket. They may also control spikes up and down in interest rates and thus trigger waves of waiting orders.
-Once people calm and stop falling for the hysteria, the order book and trading volume vanish ( alone with the sneaky pump&dumping opportunity they triggered),
but before that they are not afraid to trade their >= Bitcoins in circles, wasting tons of fees, raising irrational FEAR and FOMO equally.
-Other cryptonote based currencies did not jump a lot
- I correctly alerted several pumps already:
Especially Monero and Factom pumping on the same day happend before
(and was noway sustainable)
Jump to: