People must like scam coins and we must be living in the age of the alt coins if people can't wait a couple years for the natural economy of a coin to play out.
People want a honest and fair launch like XMR but they don't want to wait the 4 year for the mass majority of the coins to be emitted and yet complain of pre-mine, instamine, IPO scams.
People must want scam pump and dump coins because they don't want to wait the years for a coin to develop and yet complain when 50 new scam coins are created every day.
The only conclusion is people are stupid and irrational.
Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1651. (Read 4670614 times)
i picked up about 5BTC worth of XMR in the 0038-0042 range.
should i go in the corner and cry? or hold my head up high?
should i go in the corner and cry? or hold my head up high?
Keep some powder dry.
in case xmr starts to fly?
i picked up about 5BTC worth of XMR in the 0038-0042 range.
should i go in the corner and cry? or hold my head up high?
should i go in the corner and cry? or hold my head up high?
Keep some powder dry.
i picked up about 5BTC worth of XMR in the 0038-0042 range.
should i go in the corner and cry? or hold my head up high?
should i go in the corner and cry? or hold my head up high?
The hash rate is going down, is this the miner going away or botnets are moving on ?
It looks like some botnets or EC2 miners have stopped. Monero had more of an instamine than Boolberry, just see http://monerochain.info/charts/difficulty. Claymore likely mined with his GPU miner before he released it with a 5% fee. cbuchner1 also has mined Monero with a private gpu miner on EC2.
That was the time it hit poloniex and ec2 mining was really profitable...
Claymore miners is slower than a large ec2 instance and way harder to scale up.
Basically, coming from a purely investors perspective.
Monero is the only cryptonote worth investing/buying.
Boolberry's instamine is pretty bad with the PGPU making over 2k boolberry(difficulty dropped) per day now, and was making 5k-7k bbr a few weeks ago....Plus Botnets.. = No thank you
Ducknote reminds me of Dogecoin, there dev is nonexistent, and doesn't really have any work being done
Quazarcoin doesnt really have much work being done either
So that leaves Monero, the only one that has a future..
Monero had more of an instamine than Boolberry, just see http://monerochain.info/charts/difficulty. Claymore likely mined with his GPU miner before he released it with a 5% fee. cbuchner1 also has mined Monero with a private gpu miner on EC2.Monero is the only cryptonote worth investing/buying.
Boolberry's instamine is pretty bad with the PGPU making over 2k boolberry(difficulty dropped) per day now, and was making 5k-7k bbr a few weeks ago....Plus Botnets.. = No thank you
Ducknote reminds me of Dogecoin, there dev is nonexistent, and doesn't really have any work being done
Quazarcoin doesnt really have much work being done either
So that leaves Monero, the only one that has a future..
I've seen that difficulty chart, doesnt show any instamine..., EC2 is only for very short periods of time. and GPU:CPU is 1:1 ratio, so he couldnt have made much..
Boolberry's private gpu miner guy was making 5-7k boolberry per day....hes still making over 2k boolberry per day...his instamine is in the hundreds of thousands unfortunately with boolberry.
Monero had more of an instamine than Boolberry, just see http://monerochain.info/charts/difficulty. Claymore likely mined with his GPU miner before he released it with a 5% fee. cbuchner1 also has mined Monero with a private gpu miner on EC2.
There was no instamine;
http://monerochain.info/charts/coins
Instamine implies massive inflation in the beginning where a small group of individuals gets all the coins. Inflation is still so high that anyone is welcome to bring miners on the network and get paid large amounts of XMR.
The hash rate is going down, is this the miner going away or botnets are moving on ?
Basically, coming from a purely investors perspective.
Monero is the only cryptonote worth investing/buying.
Boolberry's instamine is pretty bad with the PGPU making over 2k boolberry(difficulty dropped) per day now, and was making 5k-7k bbr a few weeks ago....Plus Botnets.. = No thank you
Ducknote reminds me of Dogecoin, there dev is nonexistent, and doesn't really have any work being done
Quazarcoin doesnt really have much work being done either
So that leaves Monero, the only one that has a future..
Monero had more of an instamine than Boolberry, just see http://monerochain.info/charts/difficulty. Claymore likely mined with his GPU miner before he released it with a 5% fee. cbuchner1 also has mined Monero with a private gpu miner on EC2. Monero is the only cryptonote worth investing/buying.
Boolberry's instamine is pretty bad with the PGPU making over 2k boolberry(difficulty dropped) per day now, and was making 5k-7k bbr a few weeks ago....Plus Botnets.. = No thank you
Ducknote reminds me of Dogecoin, there dev is nonexistent, and doesn't really have any work being done
Quazarcoin doesnt really have much work being done either
So that leaves Monero, the only one that has a future..
Basically, coming from a purely investors perspective.
Monero is the only cryptonote worth investing/buying.
Boolberry's instamine is pretty bad with the PGPU making over 2k boolberry(difficulty dropped) per day now, and was making 5k-7k bbr everyday a few weeks ago....Plus Botnets.. = No thank you
Ducknote reminds me of Dogecoin, there dev is nonexistent, and doesn't really have any work being done
Quazarcoin doesnt really have much work being done either
So that leaves Monero, the only one that has a future..
Monero is the only cryptonote worth investing/buying.
Boolberry's instamine is pretty bad with the PGPU making over 2k boolberry(difficulty dropped) per day now, and was making 5k-7k bbr everyday a few weeks ago....Plus Botnets.. = No thank you
Ducknote reminds me of Dogecoin, there dev is nonexistent, and doesn't really have any work being done
Quazarcoin doesnt really have much work being done either
So that leaves Monero, the only one that has a future..
You are living in illusion with your flawed math.
Monero is a better investment for investors, as you already said the most coins will be emmited within 2 years (around 75%) then we have a very low inflation - whereas the Boolberry emission will have a high inflation at that time.
One day Moneros emission curve will CROSS the Boolberry emission curve and our inflation is _less_.
Monero clearly gives an advantage to early adopters - if thats good or bad is out of context, but for investors i guess it is.
Monero is a better investment for investors, as you already said the most coins will be emmited within 2 years (around 75%) then we have a very low inflation - whereas the Boolberry emission will have a high inflation at that time.
One day Moneros emission curve will CROSS the Boolberry emission curve and our inflation is _less_.
Monero clearly gives an advantage to early adopters - if thats good or bad is out of context, but for investors i guess it is.
So, you're assuming investors will be buying the first 2 years and hodling. Also assuming that there will be enough investors to keep buying from miners constantly dumping on the market to keep the price stable or even going higher. Ok, it's hard to argue with that logic. Like you said price discussions are pointless. Let's wait what happens. But 2 years is an eternity in crypto space.
After 2 years 15 mio coins are out.
Currently we have 2 million out with a current marketcap of 2.230.xxx usd
So over the next 2 years we need to get a 7.5 times higher marketcap to hold the current price - 24 million usd and that is literally nothing if Monero proofs utility - litecoin currently has 271 million and NXT 45 Million - far more.
I cant see a reason why we cant reach them somewhere in the future but thats just my personal opinion.
So many people (including bitcointalk hero members and btc whales) saying they are buyers at this price but not bid support on the exchanges. I find this curious.
Buy Orders
Price XMR BTC
0.00240200 301.44639286 0.72407424
0.00240005 83.33159726 0.2
0.00240003 20.83307292 0.05
0.00240002 2054.5795685 4.93103206
0.00240001 500 1.200005
0.00240000 1658.80367081 3.98112881
There are 75 BTC against 89000 XMRs at Poloniex, divide 75/89000 = 0.0008, that's the average price buyers are willing to pay. Frankly, I don't see how the price can be 5x higher than its closest competitor Boolberry, both coins are technically equal. Even hero members are not bigger than the market and can't support the price indefinately.
Boolberry does not offer anything significantly better/different than monero.
If all it takes is to have a technically equal currency for it to be valued at 1:1 ratio then you also need to understand that all coins will be equally worthless due to unlimited inflation.
Come on, what network effect?! Bitcoin had years before altcoins, Monero and others launched about the same time, where is the advantage?
A few other comparisons to make:
| XMR | BBR | Multiplier | |
| Reddit Subscribers | 512 | 22 | 23x |
| People on IRC | 150+ | 30 | 5x |
| Forum topic pages | 497 | 117 | 4.25x |
| Volume in BTC (today) | 90 | 3.22 | 28x |
Monero is vastly more popular. Yes, boolberry launched fairly soon thereafter, which may explain why it's doing as well as it does. But monero is the currency with the biggest network and highest liquidity.
You are living in illusion with your flawed math.
Monero is a better investment for investors, as you already said the most coins will be emmited within 2 years (around 75%) then we have a very low inflation - whereas the Boolberry emission will have a high inflation at that time.
One day Moneros emission curve will CROSS the Boolberry emission curve and our inflation is _less_.
Monero clearly gives an advantage to early adopters - if thats good or bad is out of context, but for investors i guess it is.
Monero is a better investment for investors, as you already said the most coins will be emmited within 2 years (around 75%) then we have a very low inflation - whereas the Boolberry emission will have a high inflation at that time.
One day Moneros emission curve will CROSS the Boolberry emission curve and our inflation is _less_.
Monero clearly gives an advantage to early adopters - if thats good or bad is out of context, but for investors i guess it is.
So, you're assuming investors will be buying the first 2 years and hodling. Also assuming that there will be enough investors to keep buying from miners constantly dumping on the market to keep the price stable or even going higher. Ok, it's hard to argue with that logic. Like you said price discussions are pointless. Let's wait what happens. But 2 years is an eternity in crypto space.
If that logic were sound than the value of both ought to be very close to zero because they are infinitely reproducible.
It might go pretty close to zero, emission has just started and will take years with Monero emitting twice as much as Boolberry or others.
You guys are just living in illusions
I agree about the Bitcoin network effect (although it's debateable that the latest bubble in November and perhaps the one in April, 2013 were spurred by Mt.Gox bots), but a network effect in Monero and first mover advantage? That's just silly.You are living in illusion with your flawed math.
Monero is a better investment for investors, as you already said the most coins will be emmited within 2 years (around 75%) then we have a very low inflation - whereas the Boolberry emission will have a high inflation at that time.
One day Moneros emission curve will CROSS the Boolberry emission curve and our inflation is _less_.
Monero clearly gives an advantage to early adopters - if thats good or bad is out of context, but for investors i guess it is.
To show some more figures. Over 30.000.000 Litecoin are already mined, and there are still 28k LTC mined every day (Monero currently 22.5k) - the LTC price is x times higher than the Monero price and it takes till next autumn for Litecoin to have the first block halving - you can calculate yourself how much Litecoin will be out then i guess - and i bet the price will be still higher than it is today.
If you want to have a high emission rate like this coin, it should be 80% in the first 6-12 months. Reason being, 4 years is a long time. Holders are going to see their coins losing value, and other potential buyers will say, heck I will buy in when its at 75% emission. People lose interest very quickly.
NXT was successful because it was POS, all coins distributed, and the more people interested, the higher the value would go. If Monero had something like 80-90% in 6-12 months. (The only problem I see is a big dip in hash rate after 6-12 months) It wouldn't face the main criticsm that NXT did with people complaining about the IPO/Distribution.
We are only at about ~2 million coins, and 14.72 million will be out by 2018. Unless we create a demand for 4 years that can match the amount of coins being mined, its gonna be difficult to keep the price from going down. And I think all of us want the price to go up vs down.
NXT was successful because it was POS, all coins distributed, and the more people interested, the higher the value would go. If Monero had something like 80-90% in 6-12 months. (The only problem I see is a big dip in hash rate after 6-12 months) It wouldn't face the main criticsm that NXT did with people complaining about the IPO/Distribution.
We are only at about ~2 million coins, and 14.72 million will be out by 2018. Unless we create a demand for 4 years that can match the amount of coins being mined, its gonna be difficult to keep the price from going down. And I think all of us want the price to go up vs down.
14 million coins arent much by then if Monero has utility and there is enough demand.
As you said yourself, we need utility and demand and that we can archive working on the code and making Monero easy to use - and thats what we do at the moment.
This price discussions are useless and help no one, we are talking about alpha level software on a pure speculative market so far...
And to get back on a more technical topic, heres a great post from andytoshi regarding cryptonote and the potential: https://crypto.stackexchange.com/questions/18091/is-there-any-true-anonymous-cryptocurrencies/18096#18096
Guy knows his stuff. Everybody please read this.
If you want to have a high emission rate like this coin, it should be 80% in the first 6-12 months. Reason being, 4 years is a long time. Holders are going to see their coins losing value, and other potential buyers will say, heck I will buy in when its at 75% emission. People lose interest very quickly.
NXT was successful because it was POS, all coins distributed, and the more people interested, the higher the value would go. If Monero had something like 80-90% in 6-12 months. (The only problem I see is a big dip in hash rate after 6-12 months) It wouldn't face the main criticsm that NXT did with people complaining about the IPO/Distribution.
We are only at about ~2 million coins, and 14.72 million will be out by 2018. Unless we create a demand for 4 years that can match the amount of coins being mined, its gonna be difficult to keep the price from going down. And I think all of us want the price to go up vs down.
NXT was successful because it was POS, all coins distributed, and the more people interested, the higher the value would go. If Monero had something like 80-90% in 6-12 months. (The only problem I see is a big dip in hash rate after 6-12 months) It wouldn't face the main criticsm that NXT did with people complaining about the IPO/Distribution.
We are only at about ~2 million coins, and 14.72 million will be out by 2018. Unless we create a demand for 4 years that can match the amount of coins being mined, its gonna be difficult to keep the price from going down. And I think all of us want the price to go up vs down.
So many people (including bitcointalk hero members and btc whales) saying they are buyers at this price but not bid support on the exchanges. I find this curious.
Buy Orders
Price XMR BTC
0.00240200 301.44639286 0.72407424
0.00240005 83.33159726 0.2
0.00240003 20.83307292 0.05
0.00240002 2054.5795685 4.93103206
0.00240001 500 1.200005
0.00240000 1658.80367081 3.98112881
There are 75 BTC against 89000 XMRs at Poloniex, divide 75/89000 = 0.0008, that's the average price buyers are willing to pay. Frankly, I don't see how the price can be 5x higher than its closest competitor Boolberry, both coins are technically equal. Even hero members are not bigger than the market and can't support the price indefinately.
Boolberry does not offer anything significantly better/different than monero.
If all it takes is to have a technically equal currency for it to be valued at 1:1 ratio then you also need to understand that all coins will be equally worthless due to unlimited inflation.
Come on, what network effect?! Bitcoin had years before altcoins, Monero and others launched about the same time, where is the advantage?
If that logic were sound than the value of both ought to be very close to zero because they are infinitely reproducible.
It might go pretty close to zero, emission has just started and will take years with Monero emitting twice as much as Boolberry or others.
You guys are just living in illusions
I agree about the Bitcoin network effect (although it's debateable that the latest bubble in November and perhaps the one in April, 2013 were spurred by Mt.Gox bots), but a network effect in Monero and first mover advantage? That's just silly. patience buyers...miners will mine for you..lets buy XMR at cheap prices.
lots of smart people and respected members here see the potential and in a way created a buying hype..but XMR is still not as user friendly as BTC and not as known to many people yet.
lots of smart people and respected members here see the potential and in a way created a buying hype..but XMR is still not as user friendly as BTC and not as known to many people yet.
Well the trouble is a low value may cause new potential developers to lose interest. Or worst case even the current developers.
People. Please don't give up hope.
hmm that's bad..
this is out of XMR topic and a little bit funny for me..coz now i see the advantage of dashcoin
quote from the OP of DSH:
Why mirror image is better than self sustained fork?
The reason is simple - costs. Self sustained forks demand a lot of development time, if you want to build a well maintained cryptocurrency. And if the network grows, the required development time is likely to grow too.
A simpler, and less costly way to maintain a network with high reliability is to create a
Even more - such a process can be automated!
FTFY
if you want to destroy me-destroy yourself first! (parasite) patience buyers...miners will mine for you..lets buy XMR at cheap prices.
lots of smart people and respected members here see the potential and in a way created a buying hype..but XMR is still not as user friendly as BTC and not as known to many people yet.
lots of smart people and respected members here see the potential and in a way created a buying hype..but XMR is still not as user friendly as BTC and not as known to many people yet.
Well the trouble is a low value may cause new potential developers to lose interest. Or worst case even the current developers.
People. Please don't give up hope.
hmm that's bad..
this is out of XMR topic and a little bit funny for me..coz now i see the advantage of dashcoin
quote from the OP of DSH:
Why mirror image is better than self sustained fork?
The reason is simple - costs. Self sustained forks demand a lot of development time, if you want to build a well maintained cryptocurrency. And if the network grows, the required development time is likely to grow too.
A simpler, and less costly way to maintain a network with high reliability is to create a self mutating copy of it. Mutating copy is a simple copy of the original source, mutating every time the original source mutates.
Even more - such a process can be automated!
Seriously? Relying on other people for development with that lame excuse?
So Bytecoin introduces some bug in purpose, dashcoin copies it automatically and destroys the network? Sounds really awesome...
yep that's why its funny..but solves the costs issue for development..bytecoin bug will affect them (bytecoin) first. bytecoin woudn't do that to themselves..i think so..
Does it solve the cost of development? Certainly. But if all it takes is to copy/paste bitcoin/monero and have value is instantly created out of thin air then why not repeat this process a billion times? Quite simple: Unlimited inflation causes the coin to be worth zero.
yes you are right it is a shitcoin..but what i like in that shitcoin is an honest "yes i am a mirror/copy/clone and can be automated" whaallah zero dev cost..and saying hey bytecoin this is a mirror of you and no premine..and things can change in the future for better or worse.
i disagree in your early-adopter ponzi scheme explanation because all coins are beneficial to early adopters including BTC and XMR.
DSH is a high risk move for me, gonna keep a few..meanwhile it seems XMR is losing hashes, lower difficulty (more coins for me), time to go back mining XMR for a lower risk move.
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