[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1575.

dzonikg28

hero member

Activity: 1106

Merit: 508

Bisq Market Day - March 20th 2023

Quote from: YoyodyneSystems on August 04, 2014, 03:42:10 AM

The only issue here is inflation.
Stop or massively slow the mining.

No coin's value can withstand PoW inflation.
The lesson has been learned in every coin to date that is PoW.
The only coin that has come close to resisting it is Bitcoin. And even BTC struggles with it daily.
The day everyone gets this inescapable truth will be a good day.

No..lesson has been learn that POS coins are dead ...if POW inflation is less then $ is then inflation is OK ..if you dont have coins to mine who will support a network..even now mining is more or less unprofitable..you mine just for power bill.
I see problem in XMR wirh pools that steal coin regulary and that claymore miner that gives him 5%

YoyodyneSystems

legendary

Activity: 1386

Merit: 1023

The only issue here is inflation.
Stop or massively slow the mining.

No coin's value can withstand PoW inflation.
The lesson has been learned in every coin to date that is PoW.
The only coin that has come close to resisting it is Bitcoin. And even BTC struggles with it daily.
The day everyone gets this inescapable truth will be a good day.

freshprince

newbie

Activity: 116

Merit: 0

Quote from: dewdeded on August 04, 2014, 03:17:43 AM

Quote from: pinky on August 04, 2014, 03:05:31 AM

You know this is altcoin economy where everything is pump and dump, yes, even XMR, but pump and hype aspect is very limited due to high mining inflation.
Time in altcoin scene is measured in days , because the risk of scam and competition is very high and odds are stacked greatly against you, don't believe that XMR is any different even though prominent members are advocating ownership, but they are invested and that's why emotionally connected to their investment. Test of time is unfortunatelly still the best method for evaluation of any altcoin.

The future will show you, that you are wrong with this assumption in Moneros case.

The future will show you, that you are right even in this case. It's usual case , IMHO.

dewdeded

legendary

Activity: 1232

Merit: 1011

Monero Evangelist

Quote from: pinky on August 04, 2014, 03:05:31 AM

You know this is altcoin economy where everything is pump and dump, yes, even XMR, but pump and hype aspect is very limited due to high mining inflation.
Time in altcoin scene is measured in days , because the risk of scam and competition is very high and odds are stacked greatly against you, don't believe that XMR is any different even though prominent members are advocating ownership, but they are invested and that's why emotionally connected to their investment. Test of time is unfortunatelly still the best method for evaluation of any altcoin.

The future will show you, that you are wrong with this assumption in Moneros case.

Suzuki

newbie

Activity: 58

Merit: 0

Quote from: pinky on August 04, 2014, 03:05:31 AM

Quote from: ?? on ??

why would anyone move from xmr to a pump and dump (cloaka)?

You know this is altcoin economy where everything is pump and dump, yes, even XMR, but pump and hype aspect is very limited due to high mining inflation.
Time in altcoin scene is measured in days , because the risk of scam and competition is very high and odds are stacked greatly against you, don't believe that XMR is any different even though prominent members are advocating ownership, but they are invested and that's why emotionally connected to their investment. Test of time is unfortunatelly still the best method for evaluation of any altcoin.

you've just read my mind. I agree, without doubt XMV developers have invested a lot of money in this coin.
That's, of cause, because of their willing to get profit

pinky

hero member

Activity: 538

Merit: 500

Quote from: ?? on ??

why would anyone move from xmr to a pump and dump (cloaka)?

You know this is altcoin economy where everything is pump and dump, yes, even XMR, but pump and hype aspect is very limited due to high mining inflation.
Time in altcoin scene is measured in days , because the risk of scam and competition is very high and odds are stacked greatly against you, don't believe that XMR is any different even though prominent members are advocating ownership, but they are invested and that's why emotionally connected to their investment. Test of time is unfortunatelly still the best method for evaluation of any altcoin.

Monkeyseemonkeydo

member

Activity: 246

Merit: 10

Quote from: DubFX on August 04, 2014, 02:51:23 AM

Quote from: saddambitcoin on August 03, 2014, 06:24:05 PM

Quote from: DubFX on August 03, 2014, 05:46:00 PM

I bought some coins@ 0.009 and now after few weeks i've decided to look at the market price it's around 0.004....WTF?

good thing you didn't look when it was around 0.002! haha

Oh, it went that low? I'm glad i didn't check it that time otherwise i would already be tearing my hair apart.

OMG, I think everyone would tear his hair in case he check the price in the time i was 0.002 .

professorXY

newbie

Activity: 166

Merit: 0

Quote from: nioc on August 04, 2014, 12:54:51 AM

Quote from: Suzuki on August 04, 2014, 12:18:41 AM

Quote from: silencesilence on August 03, 2014, 04:24:48 PM

Why Monero price is down Huh

In my opinion, classic pump & dump. Developers hope to repeat it again (it hasn't passed on Mint). They've invested a lot of money and now they want to get profit.

According to the news XMR devs were busy and now are going to implement new features. IMO, this news are rumors to pump XMR price so they'll be able to dump it soon .

You heard it here first. The reason the price is down is because it's being pumped Huh

It's down if you bought higher. As I write this the price of Monero is 91% of it's average price.

The price is going down because the the supply is higher than demand.I won't be surprised in case in its a usual dumping cause of the devs who'd like to earn some money.

DubFX

sr. member

Activity: 434

Merit: 250

Quote from: saddambitcoin on August 03, 2014, 06:24:05 PM

Quote from: DubFX on August 03, 2014, 05:46:00 PM

I bought some coins@ 0.009 and now after few weeks i've decided to look at the market price it's around 0.004....WTF?

good thing you didn't look when it was around 0.002! haha

Oh, it went that low? I'm glad i didn't check it that time otherwise i would already be tearing my hair apart.

devphp

sr. member

Activity: 336

Merit: 260

Quote from: ?? on ??

why would anyone move from xmr to a pump and dump (cloaka)?

Because one pump-n-dump is not much different from another pump-n-dump?

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: nioc on August 04, 2014, 12:54:51 AM

As I write this the price of Monero is 91% of it's average price.

91% of its all-time volume weighted price.

For Bitcoin, the similar metric is about $100 and the current price is $600.

If you are scared of dump, try bitcoin... Wink

Monero needs to go to 0.030 to reach similar overvaluation.

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: Suzuki on August 04, 2014, 12:18:41 AM

Quote from: silencesilence on August 03, 2014, 04:24:48 PM

Why Monero price is down Huh

In my opinion, classic pump & dump. Developers hope to repeat it again (it hasn't passed on Mint). They've invested a lot of money and now they want to get profit.

According to the news XMR devs were busy and now are going to implement new features. IMO, this news are rumors to pump XMR price so they'll be able to dump it soon .

You heard it here first. The reason the price is down is because it's being pumped Huh

It's down if you bought higher. As I write this the price of Monero is 91% of it's average price.

spacelab

sr. member

Activity: 528

Merit: 250

Quote from: Suzuki on August 04, 2014, 12:18:41 AM

Quote from: silencesilence on August 03, 2014, 04:24:48 PM

Why Monero price is down Huh

In my opinion, classic pump & dump. Developers hope to repeat it again (it hasn't passed on Mint). They've invested a lot of money and now they want to get profit.

According to the news XMR devs were busy and now are going to implement new features. IMO, this news are rumors to pump XMR price so they'll be able to dump it soon .

everyone is moving out of monero and into cloak

Suzuki

newbie

Activity: 58

Merit: 0

Quote from: silencesilence on August 03, 2014, 04:24:48 PM

Why Monero price is down Huh

In my opinion, classic pump & dump. Developers hope to repeat it again (it hasn't passed on Mint). They've invested a lot of money and now they want to get profit.

According to the news XMR devs were busy and now are going to implement new features. IMO, this news are rumors to pump XMR price so they'll be able to dump it soon .

grendel25

legendary

Activity: 2296

Merit: 1031

Quote from: aminorex on August 03, 2014, 11:31:16 PM

Quote from: grendel25 on August 03, 2014, 09:08:21 PM

Sad thing is that there's so few news of such new business as I read these forums. I very much look forward to specific cost savings statistics that will come or other business benefits as BTC and alt coins take stronger hold in financial markets. That's really what I want to read about from dev teams in these forums.

That makes sense. Unfortunately it is also wrong. Every coin with bizdev has been a failure. The only coin to achieve a perceptible (tiny) degree of success had no bizdev to speak of. It created opportunities which were exploited by visionary entrepreneurs from outside. The neutrality of the platform is critical to its success. You are asking XMR to commit suicide by shortsighted greed.

No, I'm not asking anyone anything. I'm stating what should be common sense but as you prove above, it ain't that common. Tangible business activity, just like what BTC has achieved, is what any coin needs to be successful.

What I am saying is that we hear more about technical advantages of various coins more than we hear about how a coin will leverage business success. The latter is far more important, just as BTC has proved.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: grendel25 on August 03, 2014, 09:08:21 PM

Sad thing is that there's so few news of such new business as I read these forums. I very much look forward to specific cost savings statistics that will come or other business benefits as BTC and alt coins take stronger hold in financial markets. That's really what I want to read about from dev teams in these forums.

That makes sense. Unfortunately it is also wrong. Every coin with bizdev has been a failure. The only coin to achieve a perceptible (tiny) degree of success had no bizdev to speak of. It created opportunities which were exploited by visionary entrepreneurs from outside. The neutrality of the platform is critical to its success. You are asking XMR to commit suicide by shortsighted greed.

grendel25

legendary

Activity: 2296

Merit: 1031

It's just a big gamble right now and most of the mentality is to go with the coin that has proved itself: Bitcoin. That's why BTC is stable and high while others get converted for more BTC. It will take tangible business agreements for any other coin to do what Bitcoin has done and BTC is just getting started. No one can tell if it will happen quick or slow but eventually there is a good chance for other crypto coins to serve a purpose just as BTC does now.

What will make or break coins in a competitive market are not just the tech devs but more so the marketing and business professionals on the dev team. It will take someone citing case studies of BTC successes to go into fresh territory and trumpet how and why their alt coin can do it better.

Sad thing is that there's so few news of such new business as I read these forums. I very much look forward to specific cost savings statistics that will come or other business benefits as BTC and alt coins take stronger hold in financial markets. That's really what I want to read about from dev teams in these forums.

parker928

sr. member

Activity: 294

Merit: 250

Quote from: shojayxt on August 03, 2014, 01:28:17 PM

Quote from: Mumbles on August 03, 2014, 01:20:51 PM

Almost two months ago the devs turned away people volunteering to help on the web design, saying that they were working on it, and had a new site design that would be ready "very soon".

Quote from: iourzzz on August 03, 2014, 10:19:11 AM

Are there any preliminary agenda regarding monero.cc improvements? Or is it a special intention to keep it looking like abandoned home page as long as possible? Wink

Surely it's a minor task but some people still consider web site as a face of the project.

Both its appearance and presentation of the information could be much better organized and it's neither difficult and time consuming nor expensive. Even a simple ready site template, for example from http://themeforest.net/ can help to advance the current level in order of magnitude.

Yes curious isn't it? They have stated that a new website was just about ready more than once. If they don't care about a website then they should just say so. It doesn't make much sense. It's not rocket science. My twelve year old niece could put up a better website in a couple of hours. But in the end it's really about the coin. And this coin is starting to lose it's appeal. At least for me. Especially with the blatant manipulation by a few large holders.

Please everyone let's not forget shojatxt is a known troll

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: owlcatz on August 03, 2014, 06:34:45 PM

Quote from: Anon136 on August 03, 2014, 06:27:17 PM

Quote from: DubFX on August 03, 2014, 05:46:00 PM

I bought some coins@ 0.009 and now after few weeks i've decided to look at the market price it's around 0.004....WTF?

welcome to life

Personally I feel like an early hodler of bitcoin lately, so f it, I shall continue to ride the storms...

Cryptonote is probably going to be a big deal in the future. Monero is probably going to be the main cryptonote platform. I just try to maintain the proper perspective.

owlcatz

legendary

Activity: 3570

Merit: 1959

Quote from: Anon136 on August 03, 2014, 06:27:17 PM

Quote from: DubFX on August 03, 2014, 05:46:00 PM

I bought some coins@ 0.009 and now after few weeks i've decided to look at the market price it's around 0.004....WTF?

welcome to life

Personally I feel like an early hodler of bitcoin lately, so f it, I shall continue to ride the storms...

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1575. (Read 4670972 times)