Do you know of the following:
- paper wallets
- reduced/zero/negative trading fees for market makers in exchanges
- whether it makes sense to buy boolberry as a hedge or not
Thank you in advance
On the latter, as the resident fan of both XMR and BBR (but with more of a financial interest in BBR, full disclosure):
BBR is a good hedge against XMR in isolation, because it's the only other non-BCN cryptonote with an independent and active developer. There are not a lot of developers in general out there yet who are capable of fixing bugs and improving upon the Bytecoin source. Hopefully, with some success, that will change, but for now, the XMR and BBR teams are the only serious games in town. It also has some advantages as a hedge in the way it's departing from BCN/XMR in its blockchain management -- *if* blockchain size becomes one of the biggest limiting factors (unknown, and betting against moore's law has not been a historically great idea), for example, it has a head start.
But, of course, BBR is a poor hedge against risks from outside the cryptonote family, such as one of the bitcoin carbon-copies actually managing a strong anonymity solution in a way that can easily integrate to the existing bitcoin ecosystem. While I don't think it's likely in the short term (the existing mixer solutions are relatively poor compared to the CN ring signature mixins), such an event would hurt both XMR and BBR.
So, as with all hedges -- it depends what you're hedging against.
(Re #2: HitBTC offers market maker contracts with fee redemptions and cash incentives for maintaing particular spreads, but I don't know of other markets that do this.)
Thing is...Boolberry(BBR) has had an instamine And Botnets....that one guy with the PGPU, was making 7k Boolberry a day, now hes making 1k. That's still 2 BTC worth of Boolberry per day, and he was making 14 BTC worth of boolberry per day less than a month ago, plus the amount of botnets mining that coin.
That alone, is not a good reason to invest....the instamine for that coin is simply too much, the # of boolberry he has atm, or could dump is extremely scary...combined with the botnets? No deal.
First of all, this has been addressed numerous times, and it's not worth repeating again, particularly in the XMR thread. rpietila asked a question, and I answered. I'm not trying to argue that BBR is better than XMR - I'm answering the specific question of how and what BBR is a hedge against relative to XMR.
Second of all, the one guy with the gpu has stated that those numbers were from a particular time of low difficulty, and that he does not hold more than 10k BBR at any one time. I personally own more than that now - and my 11k BBR is hardly a long-term threat to the market. There are quite a few people who've been buying up BBR at very high rates who own much more of it that cbuchner does -- I know this quite well because I've been selling a decent amount of my own EC2 mining output to one to cover the bills. While I've been saving up 100-200 BBR/day (on a good day when the diff is low), this person has been buying over 1k BBR/day on those same good-cloud-mining days.
These same issues all apply to XMR, if you analyze the early-stage mining situation with a deliberately slowed down and obfuscated proof of work function from Bytecoin. A few miners made huge profits on XMR early on by taking advantage of that.
This happens to almost every coin to some degree or another, but particularly for those that introduce a new proof-of-work scheme.
And you know what? It turns out to not matter that much when a few miners profit more than others. Because miners don't matter - developers, investors and the market do. The miners sold at what we now consider a really low price, people bought, held on to it, and _that_ determined the price of the coin. It's about the coin supply and its long term potential. Let me say it again:
Miners do not matter to the value of a currency. We are tools of the coin ecosystem, and the only function we serve is to act on the incentives created by the coin and market to keep transactions flowing. People like those early XMR miners and cbuchner are almost irrelevant to the value of these coins, except when people with an agenda try to use them as clubs to argue for one coin over another so that they can boost the value of the one they favor.
If you're buying into a coin like XMR or BBR at this time, you're buying into the technology, the coin's momentum in the market, and the developer team.
