Very good stuff from the core team. +1
So, let this be the official announcement that the price of monero will now start rising.
I understand "official" here as a figure of speech because:
- Monero Core Team did not decide on making this official
- No MEW vote had been proposed on this matter
- I do not see any other Monero body that could emit such a statement
I'm sure trollers will delight to reuse this announcement. The core team and the community as a whole pride itself in not succumbing to the price drama - I'd like it to continue that way.
Okay, first:
- I had no explicit knowledge of the massive release you were about to make the hours following my statement.
Second:
- The MEW (where both you and I are
officials), is not working on the paradigm of voting. We have had very few votes or control of any kind, yet have been able to accomplish a lot on the paradigm of empowerment. I don't even know how much, and none of it has required my approval to get it going. I do take pride of developing the structure that allows things to happen without my approval, because the structure was my design. In CK we are struggling with this issue still..
If I have the resources to make XMR price go up, and the intention to (commit actions that will lead to) do so, I can officially make any announcement I feel right. Until now I haven't even taken advantage of low price myself, due to a self-imposed 24 hour delay from the announcement to action.
The trolls are accusing me of manipulating the price, and they are absolutely correct. I am one of the approximately 1 million people on the planet who have enough funds to (currently) do it (and unless others of the same caliber actively step in). There is no denying this fact.
The least I can do before starting to buy en masse due to these wonderful new developments, and before allocating my carte blanche wealth management clients' funds to it, and promote it to the larger circles that I advice concerning wealth management, and before reactivating my gold/silver/BTC/XMR/
fiat dealership enabling XMR to be bought with fiat, etc.
is to announce all of it beforehand.
At face value, it looks like I am massively shooting at my own foot here, after all my stash has been bought many times higher than the price now, and buying more just became almost impossible with the supply drying up. But I have the understanding that the value of the currency is in the network of people who use it, and
right now is the time to start getting back those people who were burning for Monero last summer but have since sold due to the depressing market and development taking time. The longer we wait until revaluation, the more violent it will be and again people will get burned. Abrupt and spectacular surges always happen with the coins, let's see if we can avoid it this time.
Everybody is invited to prove me wrong in the field. To fire a bullet, enter any amount in the box and click SELL. That'll teach me
I also have a kitty of customer funds for buying OTC, contact me.
look everyone here appreciates what you are doing for monero. I think everyone, except the guys who are waiting to get in cheaper, think that higher prices are better than lower prices. but what is important is that we get a sustainable level.
I would prefer a level of 0.0025 which is sustainable to an epic pump to 0.01 with 5 months of declining prices - even though I would be better of with the second case.
But if there really is that much demand (you will be quoted for this), let us see where the ship is moving
) However this problem is nicely fixed by the on-page summary, and, as I said, just a personal opinion on the format. Overall, great!
