Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1248. (Read 4671575 times)

Inflation kills this coin. Is not it clear?

If there was a proper funding framework in place this could be improved significantly. These hodgepodge funding methods that have been going on are not going to cut it. Yes I know, it's an open project & I should do it instead of blabbering about it. Well I don't have the skills & knowledge, but it's obvious it is greatly needed to further ensure XMR's survival. Myself & surely others could put up a bounty for someone to implement a in-depth bounty & funding framework. Per-task bounties, funding current dev's, hiring more/full-time dev's & paying for professional services such as code review, cryptography review, etc need to be covered in a way that donators know exactly what features, tasks, initiatives they are funding, how much & why they cost, priority that they will receive, etc, etc, etc. This can act as a voting system for feature prioritization as well. The amount of donations features & tasks receive speaks more honestly that any other consensus IMO (yes in ways it is still vulnerable to a wealthy enemy, most things are.) This is about as sybil-resistant a voting system as we can get. Anyways, Mike Hearns Lighthouse Project (http://blog.vinumeris.com/2014/05/17/lighthouse/)  comes to mind when thinking what this might look like. Build the network of investors/donators & developers working on the coin with a frictionless platform to connect, inform & enable them, accelerating the development, attracting more investors/developers/community members. It becomes a self feeding, accelerating loop.

What about even forking Lighthouse for XMR. Possible? (http://blog.vinumeris.com/2014/05/17/lighthouse/)

It's not just XMR but other legitimate coins are being sold off while money keeps flowing into ICO's that are nothing more than vaporware.  People don't want to wait.  They see a snazzy graphic and a bunch of "Change the World" promises and they jump.  People are just chasing after the next pump and dump. 

I posted in this thread some time ago that people were not going to wait months for a GUI or even a decent website.  I got berated yet I was correct.  People are not going to wait when they see these other coins pop up out of nowhere and soar in value. 

I have nothing bad to say about the dev team.  They all have lives, families, jobs etc...  They can't be expected to accomplish these things on their own time for little or no compensation.  It's just an unfortunate situation.  Monero needed rapid development months ago.  The Monero community needs to figure out a way to pay the devs so they can focus on development .  Some of those ICO's are raising hundreds of thousands of dollars for nothing more than a concept and a bunch of promises while existing and promising tech flounders for lack of funding.

Even if we assume that 100% of the emission is being dumped every day thats like 20 BTC worth at current prices. Every day we have a volume bigger than that. Today its already 5 times bigger than that.

My explanation is that many people dump in order to rebuy a bit lower each time since they know that the general feeling is that price will continue to go down.

However there will come a point at which they wont be able to rebuy cheaper. Now if this point is 0.0011 or 0.001 or 0.0005 or 0.0001 i dont know...

Still, the only thing that monero really needs is more adoption. Monero has indeed far less supporters than Darkcoin or other shitcoins... So while dev team is working on things that has promised i think supporters must find more ways to make adoption more widespread. Only when adoption starts getting bigger we gonna see some serious stuff going on.

Without regular whale support OR user growth as we had from May-September, XMR has found a new equilibrium (still going down, though), fully mined ~ $10 mm, close to DarkCoin and CounterParty POS cap (and 1/3 of the old base).

Unfortunately, this does make some rational sense, as Monero probably has a smaller community of users than either of those currently. In fact, it seems possible to even continue downward without either user growth or buy support.  

Why did growth dry up at the end of September? Regular interest is still there - just not the requisite growth needed to support emission.

I'd originally thought tales of emission being dumped were a myth, but the fact that XMR hashrate has hardly changed through the price drop makes me think it's driven by botnets with free-electricity, who freely dump the 20k daily XMR at market, causing more dumps from weak hands.

Being more "fairly distributed" has been both a blessing and a curse - in the long run, it should lend XMR much credibility as an everyday "cash" like BTC (not a "stock" like many IPO app-coins), but in the short run, we are realizing the effects of this daily downward price pressure versus stagnant user growth.

The only "cure" to all of this is new users to start joining us again, most likely driven by continued development of platform and economy by both dev team and users. Will those with strong hands currently accumulating large amounts of XMR hold strong on the way back up? If so, resistance will be very thin, if and when that day comes. In the meantime, bless us holders.

It's better to get back some then none?
If price continue to fall this fast as it is now, in next 5 days price will be a half from this one which is horrible.

The subset of exchange sites where I subscribed is rather small, a requirement for non-zero mixing does not exist there, had never seen that. The bigger sites want to offer $ exchange some day, so naturaly act more open and transparent.
Consider there is not even a need to hide how many XMR you bought, since that is not equalling your stack size, because of trade. The easy lying thieves detection test: They do refund yes/no?

Hmmm non-zero mixing, on the long we all will have to use that, because of?

you mean sell low and buy high?

Just followed!

I want to date just your Monero. I am a duck wearing a swimming suit.

Oh come on! Funnny! Break a smile 

https://twitter.com/mymonero

hi there; I have a problem with an old wallet.

I mined like 200 xmr a long time ago (before seed) and now i can't import the wallet.

i use gui wallet; i can create a new wallet and it's working but i can't import the old one; it's stuck with "initializing" (blockchain is downloaded etc)

at some point i saw my balance after 20 wallet reboot then it crashed;

anybody can help ?

http://prntscr.com/5di2vp

http://pastebin.com/8VdWmh0i

Does anybody know what's the hash rate of Monero vs Boolberry, as well as how many miners in both (miner distribution graph?)?

I would advise you to stop paying so much attention to price and instead put your skills to use. Develop a project to improve monero adoption, start an aware raising campaign or whatever. Maybe when you (and others) are done and things start to fall into place we will all be pleasantly surprised.

Why hasn't this been answered?


http://bitcoin.stackexchange.com/questions/29471/is-there-any-true-anonymous-cryptocurrencies

I invested + mined.
Just this price is too low and I would invest even more if I had.
Too bad I'm out of funds for investitions, and if this one go bad, I'm broke.

Did the fundamentals change? If you invested for the long time based on the fundamentals it would be irrational to sell then and you should have known that altcoins have a lot of volatality. If you can't handle the volatality you probably invested to much. I am not a trader, so can't give an opinion on short term.

Sell and re-buy in january when GUI/DB is completed.

Monero XMR / BTC   0.00116
I'm in panic.
Sell or wait?

Done. Great idea and nice text!