Can we not expect <0.003 BTC for XMR now?
It seems less likely with each passing day. Crazy stuff can happen! But not usually.
Topic: rpietila Altcoin Observer - page 96. (Read 387551 times)
It seems less likely with each passing day. Crazy stuff can happen! But not usually.
This is not a monero speculating thread, but I am very interested to watch the price action in Poloniex. The chances of a capitulation below 0.00334 have been eradicated overnight, so the buyers are looking at a double bottom, with very little asks below 0.004.
The ship is turning, but the turn will be slow. After such downtrend, there is no urge to panic, and when the urge develops, we are already that much higher that the inflation and speculator selling will smoothen the way.
I <3 XMR!
The ship is turning, but the turn will be slow. After such downtrend, there is no urge to panic, and when the urge develops, we are already that much higher that the inflation and speculator selling will smoothen the way.
I <3 XMR!
Ok here are my thougts, let me know what you think:
0.0033-0.0030 = "Guys, we should be buying by now" trigger
0.0025-0.0020 = Absolute instant panic buy, rally beggins
Im considering putting an extra 0.2 BTC now but im scared for the possibility of it going even lower before we reach 0.008+ zone.
Why would there be panic buying? Wouldn't people just buy until it rises above 0.003 again? It's not like it'll keep on rising after falling so low, panic buying only really happens when a big change happens and people don't want to be left behind.
Can we not expect <0.003 BTC for XMR now?
This is not a monero speculating thread, but I am very interested to watch the price action in Poloniex. The chances of a capitulation below 0.00334 have been eradicated overnight, so the buyers are looking at a double bottom, with very little asks below 0.004.
The ship is turning, but the turn will be slow. After such downtrend, there is no urge to panic, and when the urge develops, we are already that much higher that the inflation and speculator selling will smoothen the way.
I <3 XMR!
The ship is turning, but the turn will be slow. After such downtrend, there is no urge to panic, and when the urge develops, we are already that much higher that the inflation and speculator selling will smoothen the way.
I <3 XMR!
Ok here are my thougts, let me know what you think:
0.0033-0.0030 = "Guys, we should be buying by now" trigger
0.0025-0.0020 = Absolute instant panic buy, rally beggins
Im considering putting an extra 0.2 BTC now but im scared for the possibility of it going even lower before we reach 0.008+ zone.
The tipping point is near. The world economy is horribly mismanaged, up to 95% of people are doing nonproductive work (productive work is such that would still be done even when people like me are in control, or that you as a private person would contract someone to do - everything else is up to 99% just waste that is produced to keep people busy from realizing their wretched condition).
Productive work is work that people would even do when there's nothing to do and they would not be forced to sell their effort for next to nothing. I like your statement, even though I don't like the religious aspect.
So, where to begin grasping the world domination? ;-)
XCN is sitting here waiting to kill Visa, we just have to ask...
Here's what gmaxwell (nullc there) had to say on mini-blockhain:
http://www.reddit.com/r/Bitcoin/comments/2bp3vk/the_miniblockchain_scheme/
Quote
The developer working on this showed in in #bitcoin-wizards at one point to ask bitcoin people to write some code for their altcoin to take: http://download.wpsoftware.net/bitcoin/wizards/2014-06-12.html (search miniblockchain)
They got asked some fairly pointed and critical questions, and it didn't go especially well— this quote pretty much sums it up for me: "i am just getting paid to write the code."
The ideas there aren't new ones— much more comprehensive things, with better and clearly stated security assumptions, have been proposed elsewhere... but short of some massive improvements in ZKP technology an system that super-linearly reduces the amount of data transferred to a node must reduce the security model.
If you find reduced security acceptable— bitcoin has SPV already, which has near optimal performance.
Things which are in between may well be interesting, but they need to be able to clearly express what their security model and tradeoffs are (e.g. if it's no better than or even worse than SPV, why bother?) and thats a place where this proposal was lacking considerably a few months ago.
They got asked some fairly pointed and critical questions, and it didn't go especially well— this quote pretty much sums it up for me: "i am just getting paid to write the code."
The ideas there aren't new ones— much more comprehensive things, with better and clearly stated security assumptions, have been proposed elsewhere... but short of some massive improvements in ZKP technology an system that super-linearly reduces the amount of data transferred to a node must reduce the security model.
If you find reduced security acceptable— bitcoin has SPV already, which has near optimal performance.
Things which are in between may well be interesting, but they need to be able to clearly express what their security model and tradeoffs are (e.g. if it's no better than or even worse than SPV, why bother?) and thats a place where this proposal was lacking considerably a few months ago.
Your pumping of XCN and XMR is getting boring, do you really think somebody is running to the exchange and dumping BTC for XCN based on your continuous cheering?
iCEBREAKER led thousands of people to iCEDRILL and most of their money, many people invested based on his loud mouth. If people put their money into XCN they deserve to lose it. iCEBREAKER is a known scammer and he is now leading the pack towards XCN, beware.
Also please don't associate iCEBREAKER with Monero, he only came on board the Monero train last week, no doubt because he bought a lot in a peak and now wants out...
The capital that is going to try to hide from the coming G20 capital controls and wealth hunt will arguably not buy into an altcoin that is not reasonably mainstream.
I expect dark markets to pick it up in 3-4 months and for it to become dominant in 6. Dark markets will not pick XMR by accident
XCN is sitting here waiting to kill Visa, we just have to ask...
Here's what gmaxwell (nullc there) had to say on mini-blockhain:
http://www.reddit.com/r/Bitcoin/comments/2bp3vk/the_miniblockchain_scheme/
Quote
The developer working on this showed in in #bitcoin-wizards at one point to ask bitcoin people to write some code for their altcoin to take: http://download.wpsoftware.net/bitcoin/wizards/2014-06-12.html (search miniblockchain)
They got asked some fairly pointed and critical questions, and it didn't go especially well— this quote pretty much sums it up for me: "i am just getting paid to write the code."
The ideas there aren't new ones— much more comprehensive things, with better and clearly stated security assumptions, have been proposed elsewhere... but short of some massive improvements in ZKP technology an system that super-linearly reduces the amount of data transferred to a node must reduce the security model.
If you find reduced security acceptable— bitcoin has SPV already, which has near optimal performance.
Things which are in between may well be interesting, but they need to be able to clearly express what their security model and tradeoffs are (e.g. if it's no better than or even worse than SPV, why bother?) and thats a place where this proposal was lacking considerably a few months ago.
They got asked some fairly pointed and critical questions, and it didn't go especially well— this quote pretty much sums it up for me: "i am just getting paid to write the code."
The ideas there aren't new ones— much more comprehensive things, with better and clearly stated security assumptions, have been proposed elsewhere... but short of some massive improvements in ZKP technology an system that super-linearly reduces the amount of data transferred to a node must reduce the security model.
If you find reduced security acceptable— bitcoin has SPV already, which has near optimal performance.
Things which are in between may well be interesting, but they need to be able to clearly express what their security model and tradeoffs are (e.g. if it's no better than or even worse than SPV, why bother?) and thats a place where this proposal was lacking considerably a few months ago.
Your pumping of XCN and XMR is getting boring, do you really think somebody is running to the exchange and dumping BTC for XCN based on your continuous cheering?
There is no choice for the banks and the subservient governments. They stop the credit expansion now - it collapses. They postpone it one more year - it collapses that much harder. They try to keep people from realizing what's going on. But the realization is one way: you take the red pill, there is no turning back. Many people are taking it every day. When the collapse and the tribulations come, much more people will be taking it.
The Bible says that many will not take it, preferring to stay with their masters that are going to Hell. I don't know why some people are so stupid, but I cannot change this unpleasant part of the truth, any more than I can change other hard-to-swallow things.
The Bible says that many will not take it, preferring to stay with their masters that are going to Hell. I don't know why some people are so stupid, but I cannot change this unpleasant part of the truth, any more than I can change other hard-to-swallow things.
This is all a bit too abstract for me to comprehend, sorry about that. In practical terms, what should Average Joe, father of two, with a 9-5 job and mortgage living in suburbs do if he wants to take the pill, and what would he do after?
Get out of debt is always #1 for me. There is plenty of places where you can rent your living instead of owning an overpriced home. Diversify assets to ensure you can preserve your wealth, and have some skills and equipment to survive if it all goes down in flames.
There is no choice for the banks and the subservient governments. They stop the credit expansion now - it collapses. They postpone it one more year - it collapses that much harder. They try to keep people from realizing what's going on. But the realization is one way: you take the red pill, there is no turning back. Many people are taking it every day. When the collapse and the tribulations come, much more people will be taking it.
The Bible says that many will not take it, preferring to stay with their masters that are going to Hell. I don't know why some people are so stupid, but I cannot change this unpleasant part of the truth, any more than I can change other hard-to-swallow things.
The Bible says that many will not take it, preferring to stay with their masters that are going to Hell. I don't know why some people are so stupid, but I cannot change this unpleasant part of the truth, any more than I can change other hard-to-swallow things.
This is all a bit too abstract for me to comprehend, sorry about that. In practical terms, what should Average Joe, father of two, with a 9-5 job and mortgage living in suburbs do if he wants to take the pill, and what would he do after?
This is not a monero speculating thread, but I am very interested to watch the price action in Poloniex. The chances of a capitulation below 0.00334 have been eradicated overnight, so the buyers are looking at a double bottom, with very little asks below 0.004.
The ship is turning, but the turn will be slow. After such downtrend, there is no urge to panic, and when the urge develops, we are already that much higher that the inflation and speculator selling will smoothen the way.
I <3 XMR!
The ship is turning, but the turn will be slow. After such downtrend, there is no urge to panic, and when the urge develops, we are already that much higher that the inflation and speculator selling will smoothen the way.
I <3 XMR!
Here is a weekly chart of litecoin that clearly illustrates that unlike bitcoin, it has not broken the long term downtrend from the November 2013 bubble. This chart reminds me of the great bitcoin bubble of June 2011 and its aftermath - a drop of about 10x.
Eisegesis. Note that in the days of Noah, certain persons were well prepared for coming events and timed them quite adequately for planning purposes. Not knowing the day is compatible with knowing the year and season. The text also encourages the faithful to attend carefully to the signs and to be prepared.
Isaac Newton put it between 2024 and 2065, variously.
Isaac Newton put it between 2024 and 2065, variously.
(Note to others: Newton lived between 1642-1727)
World-changing events tend to happen in certain timescales, and the time is typically not as short as days or weeks, but also not as long as decades or centuries. I would say Jesus' public ministry of 3.5 years is an example of this. The culminating events of crucifixion, death, burial and resurrection happened in a matter of days, but the whole thing prior to this was very public and noted by the Jew authorities in their private meetings by: "what can we do? the whole world is running after this man
", also by Emmaus' road discussion regarding Jesus' death: "you must be the only stranger in Jerusalem who does not know what has happened!"I am quite confident that the western "civilization" is the cancer described in the Bible as "kosmos", translated "world", the suffocating systematized institution of human life, and ultimately death, when they have enslaved everybody and can freely start killing people with no fear of human intervention.
The tipping point is near. The world economy is horribly mismanaged, up to 95% of people are doing nonproductive work (productive work is such that would still be done even when people like me are in control, or that you as a private person would contract someone to do - everything else is up to 99% just waste that is produced to keep people busy from realizing their wretched condition).
There is no choice for the banks and the subservient governments. They stop the credit expansion now - it collapses. They postpone it one more year - it collapses that much harder. They try to keep people from realizing what's going on. But the realization is one way: you take the red pill, there is no turning back. Many people are taking it every day. When the collapse and the tribulations come, much more people will be taking it.
The Bible says that many will not take it, preferring to stay with their masters that are going to Hell. I don't know why some people are so stupid, but I cannot change this unpleasant part of the truth, any more than I can change other hard-to-swallow things.
Judging from the speed that the bankers, with U.S. federal apparatus as their main strongarm, are trying to eliminate all liberty from this world, I also would venture to guess that we are already living the times of Revelation, with the change of age happening in less than 30 years.
Eisegesis. Note that in the days of Noah, certain persons were well prepared for coming events and timed them quite adequately for planning purposes. Not knowing the day is compatible with knowing the year and season. The text also encourages the faithful to attend carefully to the signs and to be prepared.
Isaac Newton put it between 2024 and 2065, variously.
Isaac Newton put it between 2024 and 2065, variously.
Or the Singularity already happened. Probably last Sunday morning, when you slept in. Now we are all living in a computer simulation at the infinitely-prolonged end of the universe. For some inexplicable reason, this computer sees fit to insult our intelligence at every opportunity.
XCN and XMR are stabilizing, looks like the rally is out of fuel for now.
Where can I learn more about this? I am unfamiliar, at least how your described it.
Which part - stealth addresses, or a blockchain rollover? There isn't much on the second bit, it's just something that's been discussed in and around.
Any examples?
Sure, multisig is the most obvious one. Bitcoin Core doesn't know anything about multisig, and doesn't have the capability to handle multisig in and of itself. But it processes and mines multisig transactions no problem, because they comply with the scripting system.
The capital that is going to try to hide from the coming G20 capital controls and wealth hunt will arguably not buy into an altcoin that is not reasonably mainstream.
Then where will they go Anonymint? Please tell me where they will hide? Gold? Bitcoins? Paypal?
If there is no other alternative...
And if there is an alternative, I'm sure the Monero team will react, instead of sit like fat ducks, akin to the Bitcoin development team.
The capital that is going to try to hide from the coming G20 capital controls and wealth hunt will arguably not buy into an altcoin that is not reasonably mainstream.
Things enter and leave the "mainstream". Being esoteric is not an insurmountable impediment - usability is just a software feature. Inadequate liquidity is a very vexing impediment, but definitely surmountable in principle. XMR has accomplished in 2 1/2 months what took BTC 2 1/2 years to accomplish, so it is further along that road than any serious alternative, and has marvelous momentum. I expect dark markets to pick it up in 3-4 months and for it to become dominant in 6. On the strength of that adoption it should gain about 20x in market cap, surpassing LTC within a year. Once you can transmit 1mm EUR with 10 basis slippage or less reliably ( whether by liquidity or by use of derivatives is moot ) then things start to get interesting.
Matthew 24:23-27
Then if anyone says to you, ‘Look, here is the Christ!’ or ‘There he is!’ do not believe it. For false christs and false prophets will arise and perform great signs and wonders, so as to lead astray, if possible, even the elect. See, I have told you beforehand. So, if they say to you, ‘Look, he is in the wilderness,’ do not go out. If they say, ‘Look, he is in the inner rooms,’ do not believe it. For as the lightning comes from the east and shines as far as the west, so will be the coming of the Son of Man.
Matthew 24:36
"But of that day and hour no one knows, not even the angels of heaven, nor the Son, but the Father alone. "For the coming of the Son of Man will be just like the days of Noah."
that's for reference to someone's claims that they know when the end of the world should arrive based on the Bible, you should immediately know they have no clue what they are talking about
Then if anyone says to you, ‘Look, here is the Christ!’ or ‘There he is!’ do not believe it. For false christs and false prophets will arise and perform great signs and wonders, so as to lead astray, if possible, even the elect. See, I have told you beforehand. So, if they say to you, ‘Look, he is in the wilderness,’ do not go out. If they say, ‘Look, he is in the inner rooms,’ do not believe it. For as the lightning comes from the east and shines as far as the west, so will be the coming of the Son of Man.
Matthew 24:36
"But of that day and hour no one knows, not even the angels of heaven, nor the Son, but the Father alone. "For the coming of the Son of Man will be just like the days of Noah."
that's for reference to someone's claims that they know when the end of the world should arrive based on the Bible, you should immediately know they have no clue what they are talking about
Eisegesis. Note that in the days of Noah, certain persons were well prepared for coming events and timed them quite adequately for planning purposes. Not knowing the day is compatible with knowing the year and season. The text also encourages the faithful to attend carefully to the signs and to be prepared.
Isaac Newton put it between 2024 and 2065, variously.
Apparently the only thing LTC offered was GPU mining. As that goes with scrypt ASICs, apparently so goes LTC.
So in that respect, I agree Monero and XCN appear most poised to fill that position of weakness. GPU miners might prefer not having to compete with botnets, so XCN might win that position.
Anonymity seems to have nothing to do with it.
This is a crucially important point because my opinion is that if you want to scale CPU-only, you need a better distribution strategy than Monero has.
So in that respect, I agree Monero and XCN appear most poised to fill that position of weakness. GPU miners might prefer not having to compete with botnets, so XCN might win that position.
Anonymity seems to have nothing to do with it.
This is a crucially important point because my opinion is that if you want to scale CPU-only, you need a better distribution strategy than Monero has.
I know we disagree about the relevance of botnets so I won't belabor that point.
I will also state (and we probably disagree about this too), that miners only matter to the distribution and success of a coin (at least up to the scale of LTC) until the coin achieves good liquidity and tradability. This took a long time for Bitcoin, a shorter time for LTC and an even shorter time for XMR. Once you get to that point, miners become part of the plumbing and no longer matter much to the coin at large. Crypto-to-crypto markets are largely frictionless, and people who want the coin can just buy it while miners who don't want it can just sell it. Specialization and trade make an economy stronger, not weaker.
Also, in a 1000 shitcoin crypto space, miners just end up seeking out the most profitable coins to mine and don't really give a shit what they are mining. There is little buy in and building of enthusiast communities the way there was in the earlier days of crypto. Sometimes this gets automated with switching pools and miners don't even know what they are mining, much less care.
Beyond the scale of replacing LTC, we probably agree more about the role of mining. That's another discussion though.
Apparently the only thing LTC offered was GPU mining. As that goes with scrypt ASICs, apparently so goes LTC.
So in that respect, I agree Monero and XCN appear most poised to fill that position of weakness (beating a dying competitor isn't that impressive). GPU miners might prefer not having to compete with botnets, so XCN might win that position. And ASICs would follow for XCN.
Anonymity seems to have nothing to do with it.
This is a crucially important point because my opinion is that if you want to scale CPU-only (away from botnets and rented hardware), you need a broader distribution strategy than Monero has.
P.S. I want anonymity. But I don't think it is enough to drive anything by itself. Anonymity in a coin that could scale very fast, would make me very excited.
So in that respect, I agree Monero and XCN appear most poised to fill that position of weakness (beating a dying competitor isn't that impressive). GPU miners might prefer not having to compete with botnets, so XCN might win that position. And ASICs would follow for XCN.
Anonymity seems to have nothing to do with it.
This is a crucially important point because my opinion is that if you want to scale CPU-only (away from botnets and rented hardware), you need a broader distribution strategy than Monero has.
P.S. I want anonymity. But I don't think it is enough to drive anything by itself. Anonymity in a coin that could scale very fast, would make me very excited.
Jump to: