Topic: Unveiling the truth over the major Monero scam - page 34. (Read 69429 times)

Botnets are a real problem. One pool owner shared with me this info

You forget, that you (as the discreditor) must bear the burden of proof (much like I now have to do with anything I've tried to discredit). I accept that there's 10,000 people here, and eagerly await you to prove me differently .. not the other way around. Also, there's a GUI here: https://bitcointalksearch.org/topic/xmr-monerox-a-cross-platform-graphical-account-manager-for-monero-683365


Volume? What volume? It's as if you're convinced there's only 600 BTC, and 200k XMR in the entire world. This is the same fallacious reasoning behind people saying their little project is going to directly displace litecoin. I don't understand the logic - there's trillions of dollars .. and it seems like people are constantly under the impression that what they see on coinmarketcap is all there really is ever. There are many new users showing up in the BTCtalk forum .. few if any of new people directly show up on any of the advertised XMR forums .. and I don't blame them. Darkcoin had almost nobody going to its forum until it had a significant value. Often times the individual coins forum can be thought of as the 'coin graveyard'. Interesting that you actually want people to go to the coin graveyard .. ulterior motives .. is it true? Hypothesis accepted!

Back to what we were talking about - there's plenty of signs of new support - the hashrate has been climbing steadily, we haven't made a new ATL that was lower than the previous ATL before a major uptrend started .. plenty of new people appear on the btctalk threads. If you're not seeing it, it's called 'confirmation bias' and you should look it up please.

It's still only 213k XMR, 7.1% of the currency in circulation. We now have 1% of the people, 7.1% of the currency, and 3.2% of the marketcap in demand on PLX. That's like saying the entire United States is going to secede from the union because colorado wants to split into north and south colorado. Just not seeing how you can get any worthwhile information from that.

Since I'm the one who frequently answers their questions about downloading, installing, and using the software I can tell you this is 100% wrong. There are new users all the time. Sometimes I wish there weren't so many (not really).

I also sometimes answer these questions on IRC and occasionally PM.

This idea of no new users is either wishful thinking on your part, or just made up, or both.

This tread was started as suspects, now moves into comedy 

HAHAHAHA really?  You are going to quote one of his "predictions"....  ">10,000 people using the software", really?  Show me 10,000 crypto users that want to try and use that command line wallet.  I doubt there are more than 1000 people using the software.

"I'm not really sure how you managed to draw a complete picture from <1% of the people involved in this coin."  Volume, little to no new signs of XMR support in and chat box, and lack of new users showing up in the XMR forum. 

"Also, from what I can see there's only 173k XMR up on PLX right now."  This is what is on the books.  There are a lot of XMR off the books.  There were 40,000 XMR sitting at 450k the other day.  It was pulled after several people started talking about it.  This was at the same time rpietila showed up.



From the XMR thread...


Yeah I thought the same.

Because your statement translates to "Does anyone care about Monero besides the people trading it on an exchange"

To which you answered 'no'. This is false because there are predictions of >10,000 people using the software (one of rpietila's posts I believe). There's less than 50 -100 people trolling the troll box pretty much all the time. I'm not really sure how you managed to draw a complete picture from <1% of the people involved in this coin. Also, from what I can see there's only 173k XMR up on PLX right now. I'm just not seeing how you're making a complete picture out of what's been about 5.7% of the currency.

He didn't answer/address your statement  because you've made an assumption and declared it as a factual answer. Logical people cannot answer your illogical reply, because there's no logic to it .. how are you missing that?

rpietila, YOU ARE CHANGING QUOTES!  The above quote is being misrepresented by rpietila!


This is the correct quote.


Now to answer your question...


Why?  Because there is a difference between putting words in someone's mouth vs being a tool troll.

I frankly don't understand your obsession with Polo. Polo did the work to integrate the different cryptonote API before the other exchanges  and for quite a while it was the only major exchange. The nature of the exchange business is that people want to trade where there is the most liquidity, so this is naturally self-reinforcing, and trading tends to stay concentrated wherever it already is (absent some catastrophic failure forcing a move). That is why most of the coins have a dominant exchange, as I demonstrated (and most of them are more concentrated on their dominant exchange than XMR). It pretty much has to be Polo for XMR because Polo got established first and hasn't had a catastrophic failure. I fail to see how which exchange happens to be dominant for a particular coin even matters.

Does ANYBODY care about Monero except for the flaming fanboys and Poloniex?  The answer to that is no.  If there was a wider range of support for XMR OUTSIDE of Polo, you'd see those exchanges having a much higher volume.  For weeks XMR has been the #1 volume maker for Polo.  Without it, the volume on Polo would have been next to nothing.  Show me another high ranking coin that has more volume on Poloniex than any other exchange.  I don't think there is one.  Polo has controlled the XMR market ever since it was added there.  If XMR was that great it should have high volume on at least MP and Bittrex.

Look at BTSX, BTCD, DOGE, DRK, and several other.  Each of those coins have more combine volume than XMR and every one of them earns that volume on better exchanges.  Those coins have a much larger support base than XMR.  If XMR was as widely supported as you want to believe, we'd see these kinds of volumes on these better exchanges.

"So thank you for disproving your own point."  Umm, no.  You are trying to muddy the water with a comparison of percents and ignoring the question/statement. 

"Compared to other coins XMR is widely traded and most of the market is not being supported on one exchange."  WRONG again.  The last time I checked, 60.54% IS greater than 50% therefore XMR IS being supported on one exchange.  That may change with HitBtc coming up but we'll see.

Rikkejohn and other drama queens on this thread: FluffyPony is a nice person who, in the above statement, is politely trying to tell you that the XMR devs don't owe you shit. I'm astounded that he continues to patiently respond to this nonsense, because the fact is that Monero software is FREE. Your suggestions and concerns are welcome but your self-entitled bitching is not.

..is it true?

Hypothesis accepted!

I have repeatedly told that "at this price I could buy them all". Why did you not choose that as a basis of scandal?

"rpietila probably owns all XMR" 

Thats why they call it that 

rpietila said that in the troll box.  There was plenty of people online to see it.  I'm sure there are others that can prove this statement.

That is it?  That is all you got from all of this?  Just one thing?  Sure XMR didn't stay under for weeks but it was there off and on over 2 days.  Get your shit straight so you don look like an idiot.

Also if you have "seen" estimates of anyone, not just me, owning 300,000+ monero, I'd be interested in the link  

We had no control over the launch of Monero. We inherited a steaming pile of horse manure by chance and circumstance. We are a completely unfunded open-source project that relies on community donations to get anything done. We had no premine, no instamine, no ninjamine, no fake blockchain. We are not a company. We are not a startup. All of the members of the core team and the contributors have to have jobs or do work of their own in order to live. Monero does not pay us salaries or remunerate us in any way. We work entirely, absolutely, completely for free and at-will.

Again: other cryptocurrencies forked from Bitcoin do not have this uphill battle, because they don't inherit a steaming pile of horse manure. They inherit a well built machine with 6599 github commits spanning 5.5 years. They inherit a wealth of freely available software that can be trivially modified to work with their newly forked cryptocurrency (Electrum, MultiBit, CoinPunk, VanityGen, BitcoinJS). They can add a logo, tweak some values, and "release" something that took them a day or two. For us to do the equivalent of any of these projects would require weeks or months of effort developing from scratch.

So please name the people that have bought Monero. No no - not bought the cryptocurrency created by miners (of which group the core team does not belong), I mean bought the Monero software from the Monero core team. Because I fully understand if those people want the software they've bought to "just work". The rest are using a freely available open-source software that is being continuously and incrementally improved.

You treat us like a company with funding when you use phrases like "take a product to market", or calling our users "customers" when they are not. Your argument demonstrates stupidity the likes of which I have not previously encountered on Bitcointalk. You are clearly intelligent in that you can express your viewpoint in a coherent and sound manner, but that you conflate funded software development with the nature of open-source development is mind-blowing. It is an underlying stupidity that I do not think can be helped or reasoned with. I do not mean this as an ad hominem attack, but as an unfortunate statement of fact. If you are interested in correcting your fundamentally flawed thinking, I suggest starting with the Wikipedia article on Open-Source Software Development as a very soft introduction, and then reading Eric S. Raymond's seminal papers on the matter, The Cathedral and the Bazaar and Homesteading the Noosphere. I trust that at some point in the future when you have come to your senses, so to speak, we can pick up this conversation and continue it based on our mutual rational thinking, observation, and logic.

This is totally in line with most other coins. See https://coinmarketcap.com/currencies/volume/24-hour/

In fact the Polo share for XMR is LOWER than the dominant exchange share for BSTX (69%), DOGE (68%), Greenbacks (81%), Stellar (76%) and I excluded a bunch of coins in the top 12 that have only one exchange. Furthermore I didn't feel like writing up the rest of the top 20 but every single one with the exception of #19 (PPC at 56%) has either a higher dominant exchange share or is only traded on one exchange.

So thank you for disproving your own point. Compared to other coins XMR is widely traded and most of the market is not being supported on one exchange.

Sorry when did we say that? Citation, please.

Ponzi scheme?  I really don't think so.  I do agree with several of the other points here.

Does ANYBODY care about Monero except for the flaming fanboys and Poloniex? No.  Most of the XMR market is being supported by Polo and the massive amount of fanboys there.  Lets look at some real proof.

#   Source   Pair   Volume (24h)   Price   Volume (%)   Updated
1    Poloniex   XMR/BTC    $ 105,033   $ 2.02    60.54 %    Recently
2    hitbtc      XMR/BTC    $ 42,393   $ 2.02    24.44 %    Recently
3    MintPal   XMR/BTC    $ 10,438   $ 2.02    6.02 %    Recently
4    Bittrex   XMR/BTC    $ 8,755   $ 2.02    5.05 %    Recently
5    BTER      XMR/BTC    $ 3,885   $ 1.97    2.24 %    Recently
6    Melotic   XMR/BTC    $ 2,210   $ 2.05    1.27 %    Recently
7    BTER      XMR/CNY    $ 770   $ 2.00    0.44 %    Recently
8    Bittrex   XMR/BC    $ 0   $ 2.13    0.00 %    Recently

The majority of the other exchanges could careless about XMR.  The majority of their vol comes from arbitraging the markets.  When Polo goes up you generally have enough time to buy cheaper on the other exchanges.  When polo drops, you can work it the other direction.

Monero is the most well-organized pump job I've ever seen...  Quite possibly yes.  Most of the recent XMR pumping has been spear headed from rpietila and his minions.  On a daily basis there is an overflow if XMR cheerleading, talks of XMR over taking BTC, wild price predictions, and price manipulations. 

rpietila has commented several times about the massive amounts of XMR he controls.  I've seen estimates as high as 10% of the current supply.  I don't think its that high but its high enough that the XMR devs told him he needs to down play his holdings and influence on the market.  How well does that sit with you?  I don't think devs should have any say over what some says or does with their coins.

rpietila's has tried to make several price predictions for XMR and has been wrong in many ways.  On the last XMR pumps, rpietila burst on the scene and proclaimed he had done some amazing analysis and predicted XMR would hit .0065-.0068.  His followers went into panic buying mode.  Price went to the 530s but the real buy support wasn't there.  All his minions got dumped on and drove the price into the 380s.

After the market dropped from that .0065 prediction, rpietila came back to the troll box and called for XMR hitting .005.  Again the buying started.  They tried hard to get it there.  There were some really large buy walls trying to keep the price up.  Fake "buy support" was over 600 total btc on the books at one point.  There were fake walls for 80 and 100 btc down low on the the books with smaller walls up higher.  In the end, it topped out in the 480s and then the dumping ensued.

After these manipulators finished dumping their coins on these fanboy followers, the walls were removed and the price fell to the 300s.  At some point during this drop, rpietila's awesome analytic process told him that XMR would never go under 300 again.  Walls were made.  Dumps happened and shortly after that XMR went to 290s.

So 3 of his recent predictions were wrong.  He lead people into buying the coins they were dumping and they thanked him for it.  Everyone said, "oh its great we get cheap coins at 400+.  Anything under .1 is cheap."


Lets take a look some comments:

http://cryptocointools.com/troll-log/?msg=&user=rpietila&submit=Filter
http://cryptocointools.com/troll-log/?msg=monero&user=&submit=Filter
http://cryptocointools.com/troll-log/?msg=xmt&user=&submit=Filter

These are just recent comments from the log.
21 hours ago   rpietila   "I am trying to prop it up by fixing 1 drk = 1 xmr"
7 hours ago    rpietila   "I am thinking of a huge buy"
7 hours ago    rpietila   "when I unleash my btc, it will make a 1 month high"

Some nice LOL comments from the fanboys
15 hours ago   TrueCryptonaire   Buying Risto's puts is not a good move since Monero will basically go up and if 0.01 is a bargain, what is 0.0035?
15 hours ago   TrueCryptonaire   But when Risto's friends start to hoarding moneros, you cannot even imagine how high it will go.
15 hours ago   TrueCryptonaire   I see very realistically monero hitting even 1000+ USD

15 hours ago   TrueCryptonaire   ant84, this type of coin actually might be the final crypto...
15 hours ago   TrueCryptonaire   ant84, Yup. I see Risto's prediction of replacing gold a realistic long term.

9 hours ago    TrueCryptonaire   It takes some time for corporations and individuals adopt it but eventually the whole world will be speaking the gospel of Monero.
9 hours ago    TrueCryptonaire   It is virtually impossible that Monero will not go pass 1000 USD.
9 hours ago    TrueCryptonaire   Monero could actually replace the gold bullion in the store of value.

9 hours ago    TrueCryptonaire   greenmon, Monero has the wealthy elite backing - no wealthy person ever mentions bbr.
9 hours ago    TrueCryptonaire   maqa71, Risto told he can find easily buyers for 50 k moneros weekly from his contacts.

1 hour ago     fatboy1   aminorex, do you see monero taking over BTC? And, do u have a time frame? I hold both!
1 hour ago     aminorex   my most optimistic estimate for xmr is btc parity in late 2017. MOST optimistic

24 hours ago   Snail     toretto, XMR's big pumps will come with db complete and official GUI, i can see monero pumping to a billion usd at somepoint

8 hours ago   presstab   Thanks to David Latapie, part of the Monero core team, for helping get HyperStake added to polo today