[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1695.

darlidada

hero member

Activity: 723

Merit: 503

Quote from: rpietila on July 04, 2014, 07:19:56 AM

Quote from: dreamspark on July 04, 2014, 07:12:36 AM

Quote from: HardwarePal on July 04, 2014, 07:06:52 AM

Quote from: rpietila on July 04, 2014, 06:58:03 AM

Tell me the total number of XMR owners and the percentage of the largest owner, I can derive the distribution of everyone in between with amazing accuracy Grin

I guess you already have done your calculations. You are the #1 wallet right ?

1) You cant do the calculations, there is no way to know others wallet balances

But it is rather easy to know the distribution of them with amazing accuracy, given that the inputs:
- number of owners;
- largest owner's balance;

Are even near correct.

Quote

2) I very much doubt it Wink

I am large but not in the TOP-5. Just as my strategy dictates.

What's that strategy ? I use your SSS strategy to sell BTC. I'd really to see your buying strategy for a coins such as XMR

Kruncha

sr. member

Activity: 644

Merit: 250

Quote from: jwinterm on July 03, 2014, 05:37:50 PM

The whole market maker thing just seems kinda shady. I guess you guys have a lot invested, and you don't want to end up with dead markets, but it still seems like a thin line between market maker and market manipulator (or does market maker = market manipulator with added perks like cash back?).

Market makers' task is putting bid and sell orders on both sides of the price to help trading go faster. This is as much market manipulation, as any other deal there is: of course with your orders you are always trying to reach certain goals, but they are never detrimental to the market as a whole.

Quote from: Jcw188 on July 04, 2014, 07:25:49 AM

There's clearly some positive dynamic forming on the latter. The question is, how permanent is that effect. What do you guys think?

I'm almost entirely sure that it will stay like that. This was actually a great deal, as both Monero and Hitbtc benefited from the increased volume. All this is bound to turn out good for the coin's image and, by extension, its price condition.

K.

bangersdad

full member

Activity: 227

Merit: 100

Quote from: dreamspark on July 04, 2014, 07:27:07 AM

Quote from: hitbtc on July 04, 2014, 07:13:55 AM

[...snip...]

hitbtc maybe Im missing it and it is there but can you give me a run down on some of your practices.

Do you require any verification, if so what?

Do you have a cold storage system and/or a user side balance checker to prove solvency?

What country is your bank and your business located in?

Apologies if its all on the site, perhaps these are some good prompts for a short FAQ?

Could you also explain the rationale on a $9 deposit charge Huh

Thanks

if you do not get an answer here - hitbtc have there own thread where queries are answered quickly. https://bitcointalksearch.org/topic/hitbtccom-the-most-advanced-cryptocurrency-exchange-378827 from what i can tell they are based in copenhagen, with their r&d dept based in Estonia (wonder if Risto has had any contact) they also have a demo mode so you can test out any trading using practice funds.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: rpietila on July 04, 2014, 07:19:56 AM

But it is rather easy to know the distribution of them with amazing accuracy, given that the inputs:
- number of owners;
- largest owner's balance;

Are even near correct.

Indeed, but the poster was referring to calculating that you yourself are the top holder. This is impossible (unless you own over 50%).

Quote from: rpietila on July 04, 2014, 07:19:56 AM

I am large but not in the TOP-5. Just as my strategy dictates.

Dont worry it wasn't a taunt. I know fore well you will be positioned exactly to a plan Wink

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: rpietila on July 04, 2014, 06:45:43 AM

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

I asked the paper wallet question and someone posted this: https://cryptonote.exchange.to/paper_wallet.php
It appears a bit raw like the command line wallet and since I can't get the source compiled on my Mac for the simplewallet, I am going to wait.
Please post if anything better comes along.

IAS

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: hitbtc on July 04, 2014, 07:13:55 AM

[...snip...]

hitbtc maybe Im missing it and it is there but can you give me a run down on some of your practices.

Do you require any verification, if so what?

Do you have a cold storage system and/or a user side balance checker to prove solvency?

What country is your bank and your business located in?

Apologies if its all on the site, perhaps these are some good prompts for a short FAQ?

Could you also explain the rationale on a $9 deposit charge Huh

Thanks

Jcw188

hero member

Activity: 546

Merit: 500

Carpe Diem

Quote from: Kruncha on July 04, 2014, 06:34:20 AM

Sorry guys, my first post was a bit agressive, so I took it down.

I was talking about the uncertainty around the coin, which is understandable, considering all the goings-on in the thread, but that wasn't the point. The point is: recently I was lurking around the CN coins threads and came to a conclusion that Monero has a lot of potential and I think you guys should put more faith in it. Hence, imo, everything that can potentially bring the coin closer to the Moon should be met with more trust, like its integration into the hitbtc exchange.

To prove that point, I myself bought a market maker's contract and already started trading.

K.

Yep. Thinking if I should start trading Monero too, despite my latest claims that we should stay away from it for some time, after looking at these:

Poloniex

Hitbtc

There's clearly some positive dynamic forming on the latter. The question is, how permanent is that effect. What do you guys think?

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: dreamspark on July 04, 2014, 07:12:36 AM

Quote from: HardwarePal on July 04, 2014, 07:06:52 AM

Quote from: rpietila on July 04, 2014, 06:58:03 AM

Tell me the total number of XMR owners and the percentage of the largest owner, I can derive the distribution of everyone in between with amazing accuracy Grin

I guess you already have done your calculations. You are the #1 wallet right ?

1) You cant do the calculations, there is no way to know others wallet balances

But it is rather easy to know the distribution of them with amazing accuracy, given that the inputs:
- number of owners;
- largest owner's balance;

Are even near correct.

Quote

2) I very much doubt it Wink

I am large but not in the TOP-5. Just as my strategy dictates.

hitbtc

sr. member

Activity: 525

Merit: 250

Hi again! It was with great excitement that we announced yesterday that Monero will shortly commence trading on Hitbtc.
The reaction to our latest news is plain to see - the exchange rate for XMR rose dramatically following release of the news.

Now the power is in your hands once again - get ready to support our latest currency once it is added to Hitbtc and together we can really make a success story, both on Hitbtc and beyond.
Thank you for your support so far and we look forward to what the future holds for XMR!

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: HardwarePal on July 04, 2014, 07:06:52 AM

Quote from: rpietila on July 04, 2014, 06:58:03 AM

Tell me the total number of XMR owners and the percentage of the largest owner, I can derive the distribution of everyone in between with amazing accuracy Grin

I guess you already have done your calculations. You are the #1 wallet right ?

1) You cant do the calculations, there is no way to know others wallet balances

2) I very much doubt it Wink

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: rpietila on July 04, 2014, 06:58:03 AM

Quote from: dreamspark on July 04, 2014, 06:46:54 AM

Quote from: silencesilence on July 04, 2014, 06:41:42 AM

link for Top 100 Richest Addresses ?

No such thing as far as I know, hence why you cant search for addresses on the block explorer. Its not even possible due to a separate public key is generated for each input, privacy and all that Wink

Tell me the total number of XMR owners and the percentage of the largest owner, I can derive the distribution of everyone in between with amazing accuracy Grin

Would love to see someone come up with a way to estimate number of owners, thinking back to when there were only a few people interested in the coin to now puts a big smile on my face.

Harking back a bit to your post a couple of days ago in the altcoin observer I would also be very interested in the sorts of investors we have on board as well as the number of alts they have previously invested in and currently hold. I personally have never seen an alt with so many notable investors and big BTC holders investing in their first alt. Or at least their first since LTC.

Good times ahead...

HardwarePal

hero member

Activity: 565

Merit: 500

Quote from: rpietila on July 04, 2014, 06:58:03 AM

Quote from: dreamspark on July 04, 2014, 06:46:54 AM

Quote from: silencesilence on July 04, 2014, 06:41:42 AM

link for Top 100 Richest Addresses ?

No such thing as far as I know, hence why you cant search for addresses on the block explorer. Its not even possible due to a separate public key is generated for each input, privacy and all that Wink

Tell me the total number of XMR owners and the percentage of the largest owner, I can derive the distribution of everyone in between with amazing accuracy Grin

I guess you already have done your calculations. You are the #1 wallet right ?

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: dreamspark on July 04, 2014, 06:46:54 AM

Quote from: silencesilence on July 04, 2014, 06:41:42 AM

link for Top 100 Richest Addresses ?

No such thing as far as I know, hence why you cant search for addresses on the block explorer. Its not even possible due to a separate public key is generated for each input, privacy and all that Wink

Tell me the total number of XMR owners and the percentage of the largest owner, I can derive the distribution of everyone in between with amazing accuracy Grin

David Latapie

hero member

Activity: 658

Merit: 503

Monero Core Team

Quote from: sang on July 03, 2014, 06:39:47 AM

Can we stop doing EC2 math with the wrong numbers? Only the uninitiated are paying full price for EC2 instances.

You are correct however that it is not the most profitable on EC2 and it hasn't been since the price fell below about 0.006 - unless of course your name starts with a C and you have a killer nVidia GPU miner.

Plus, c3.8xlarge Amazon EC2 is not the profitable one. A lower one is better. With c3.8xlarge, you spend money for unneeded RAM and such.

Plus, there are cheaper cloud services than EC2 - I used at least two cheaper ones.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: silencesilence on July 04, 2014, 06:41:42 AM

link for Top 100 Richest Addresses ?

No such thing as far as I know, hence why you cant search for addresses on the block explorer. Its not even possible due to a separate public key is generated for each input, privacy and all that Wink

rpietila

donator

Activity: 1722

Merit: 1036

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

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: statdude on July 03, 2014, 10:18:20 PM

so, how easy will merchant adoption be for cryptonote vs bitcoin?

The main issue I see right now is getting people to think about it as something different to Bitcoin, the payment ID thing is a minor usability issue that can be overcome, in terms of integrated payment points that should be no harder than exchanges systems for trading XMR.

The advantages of using XMR for payments far outweighs the negatives of being slightly harder to use. I disagree with the poster who suggested it as a good store of value and not as a usable currency. I personally think it is very much the opposite of that and due to the privacy features is a much more desirable currency to use for everyday transactions than any other options.

silencesilence

legendary

Activity: 1120

Merit: 1000

link for Top 100 Richest Addresses ?

Kruncha

sr. member

Activity: 644

Merit: 250

Sorry guys, my first post was a bit agressive, so I took it down.

I was talking about the uncertainty around the coin, which is understandable, considering all the goings-on in the thread, but that wasn't the point. The point is: recently I was lurking around the CN coins threads and came to a conclusion that Monero has a lot of potential and I think you guys should put more faith in it. Hence, imo, everything that can potentially bring the coin closer to the Moon should be met with more trust, like its integration into the hitbtc exchange.

To prove that point, I myself bought a market maker's contract and already started trading.

K.

villabacho

newbie

Activity: 50

Merit: 0

Here's the GUI bounty thread, you find several GUI's there:

https://bitcointalk.org/index.php?topic=589561.300

Still under development, but e.g. the GUIs from Jojatekok and neozaru seem fairly good already (can't comment on the other ones which might also be in good shape). Some people have made good experiences trying them out, and the GUI devs are very helpful in general if you encounter problems.

Quote from: birr on July 04, 2014, 04:00:47 AM

Quote from: 5w00p on July 03, 2014, 02:03:27 PM

All this talk about "No GUI Wallet," then what is this that I have been using for more than a week?

http://s22.postimg.org/5lsjkrosx/monerow1.jpg

link?

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1695. (Read 4670614 times)