[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1931.

eizh

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Quote from: dreamspark on May 25, 2014, 06:45:38 PM

Quote from: othe on May 25, 2014, 06:14:32 PM

If you look at the volume chart here its pretty clear that the day before it hit poloniex around 80k coins have moved the owner: http://qcn.cryptostats.org/charts/volume
Before that the network was dead and nearly noone was even mining it - except some guy.

Theres no sell pressure yet on QCN because that dude doesnt seem to sell them yet.

I agree with your final point but not with the network being dead and nobody mining it before Polo. If your were around the IRC channel or even this thread before it went on Polo there were a fair few people mining it and trades were being done several weeks before hitting an exchange. There was also another exchange open before Polo.

dreamspark, are you talking about MRO (since you referred to this thread)? He's referring to QCN. MRO is much more evenly distributed.

jwinterm

legendary

Activity: 3136

Merit: 1116

any python/kivy users, please check out my GUI for bitmonerod/simplewallet:

https://github.com/jwinterm/cryptonoteRPCwalletGUI

othe

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Activity: 532

Merit: 500

Quote from: dreamspark on May 25, 2014, 06:45:38 PM

Quote from: othe on May 25, 2014, 06:14:32 PM

If you look at the volume chart here its pretty clear that the day before it hit poloniex around 80k coins have moved the owner: http://qcn.cryptostats.org/charts/volume
Before that the network was dead and nearly noone was even mining it - except some guyS.

Theres no sell pressure yet on QCN because that dude doesnt seem to sell them yet.

I agree with your final point but not with the network being dead and nobody mining it before Polo. If your were around the IRC channel or even this thread before it went on Polo there were a fair few people mining it and trades were being done several weeks before hitting an exchange. There was also another exchange open before Polo.

i corrected a typing mistake.
I was one of the few miners myself at the beginning and i was in irc.
I also know there were a few trades, but i am talking about the large one specifically.

If you compare it with the MRO OTC thread here and the volume on exchange.to - its really different Wink

dreamspark

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Activity: 798

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Quote from: othe on May 25, 2014, 06:14:32 PM

If you look at the volume chart here its pretty clear that the day before it hit poloniex around 80k coins have moved the owner: http://qcn.cryptostats.org/charts/volume
Before that the network was dead and nearly noone was even mining it - except some guy.

Theres no sell pressure yet on QCN because that dude doesnt seem to sell them yet.

I agree with your final point but not with the network being dead and nobody mining it before Polo. If your were around the IRC channel or even this thread before it went on Polo there were a fair few people mining it and trades were being done several weeks before hitting an exchange. There was also another exchange open before Polo.

Scratch

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Activity: 84

Merit: 10

Loaded this up on two Win7 64 machines. One, booted up fine, 3 days of sync left. Second one throws "daemon busy" messages when I try to refresh it or do anything, but doesnt appear to be catching up. Any ideas?

EDIT: Just found Tacos post in thread, gonna let her run for a bit with set_log 1 so I can see the spazz train

othe

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Activity: 532

Merit: 500

Quote from: smooth on May 25, 2014, 06:06:32 PM

Quote from: SyRenity on May 25, 2014, 05:52:25 PM

Quote from: mr_random on May 25, 2014, 05:50:39 PM

You can say that about any coin and it's clones.

Building up successful community support, projects and infrastructure is what makes or breaks a coin in the long run.

Just looking at thread activity, there is no comparison - and still QCN tradeable almost 1.5 then MRO.
Guess speculations are going full ahead.

You're still not adjusting for the number of coins. See comment above re: 42 by my friend eizh. Adjusting for number of coins, QCN is not 1.5 but about 0.375 of MRO.

But as you say speculators can do almost anything. QCN might well go above MRO (coin supply adjusted), I have no idea. I certainly see a lot more long term potential here though. Short term, buy whatever is going up (but only with money you can afford to lose).

If you look at the volume chart here its pretty clear that the day before it hit poloniex around 80k coins have moved the owner: http://qcn.cryptostats.org/charts/volume
Before that the network was dead and nearly noone was even mining it - except some guy.

Theres no sell pressure yet on QCN because that dude doesnt seem to sell them yet.

smooth

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Activity: 2968

Merit: 1198

Quote from: SyRenity on May 25, 2014, 05:52:25 PM

Quote from: mr_random on May 25, 2014, 05:50:39 PM

You can say that about any coin and it's clones.

Building up successful community support, projects and infrastructure is what makes or breaks a coin in the long run.

Just looking at thread activity, there is no comparison - and still QCN tradeable almost 1.5 then MRO.
Guess speculations are going full ahead.

You're still not adjusting for the number of coins. See comment above re: 42 by my friend eizh. Adjusting for number of coins, QCN is not 1.5 but about 0.375 of MRO.

But as you say speculators can do almost anything. QCN might well go above MRO (coin supply adjusted), I have no idea. I certainly see a lot more long term potential here though. Short term, buy whatever is going up (but only with money you can afford to lose).

eizh

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Activity: 560

Merit: 500

Quote from: SyRenity on May 25, 2014, 05:32:17 PM

Quote from: smooth on May 25, 2014, 05:27:03 PM

No you have to look at market cap as at least one factor, not just coin price. QCN mines 1/4 as many coins as MRO (for now, at some point the curves will cross). So it would have to be valued at 4x as much to be par. Think about it, if you have a coin where you only issue 0.1 coins per day, and assuming that coin had any kind of promise at all, the value per coin would be huge. The total market cap might not be any different though.

What about the fact that MRO devs do all the work, and QCN just syncs in the changes?
So just due to couple of variables tuned, it still going to be worth as much as MRO?

I think the ideal coin for you might be 42 Coin, currently worth $10,370 per coin. Just kidding. Tongue

Anyway, there's an EC2 war going on QCN right now so I would exercise caution. Hashrate is up over 20x in 3 days. That's not organic, as you can tell from the lack of corresponding activity in the forum thread.

SyRenity

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Activity: 756

Merit: 502

Quote from: mr_random on May 25, 2014, 05:50:39 PM

You can say that about any coin and it's clones.

Building up successful community support, projects and infrastructure is what makes or breaks a coin in the long run.

Just looking at thread activity, there is no comparison - and still QCN tradeable almost 1.5 then MRO.
Guess speculations are going full ahead.

PeaMine

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Activity: 979

Merit: 510

I can say the miner and wallet and quite stable compared to some coins of this age, that is for sure!

mr_random

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Activity: 1344

Merit: 1001

Quote from: SyRenity on May 25, 2014, 05:32:17 PM

Quote from: smooth on May 25, 2014, 05:27:03 PM

No you have to look at market cap as at least one factor, not just coin price. QCN mines 1/4 as many coins as MRO (for now, at some point the curves will cross). So it would have to be valued at 4x as much to be par. Think about it, if you have a coin where you only issue 0.1 coins per day, and assuming that coin had any kind of promise at all, the value per coin would be huge. The total market cap might not be any different though.

What about the fact that MRO devs do all the work, and QCN just syncs in the changes?
So just due to couple of variables tuned, it still going to be worth as much as MRO?

You can say that about any coin and it's clones.

Building up successful community support, projects and infrastructure is what makes or breaks a coin in the long run.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: SyRenity on May 25, 2014, 05:32:17 PM

Quote from: smooth on May 25, 2014, 05:27:03 PM

No you have to look at market cap as at least one factor, not just coin price. QCN mines 1/4 as many coins as MRO (for now, at some point the curves will cross). So it would have to be valued at 4x as much to be par. Think about it, if you have a coin where you only issue 0.1 coins per day, and assuming that coin had any kind of promise at all, the value per coin would be huge. The total market cap might not be any different though.

What about the fact that MRO devs do all the work, and QCN just syncs in the changes?
So just due to couple of variables tuned, it still going to be worth as much as MRO?

In my opinion people will pick one coin to use, and the rest will fall by the wayside. Right now during the speculation phase, anything can happen, but as I pointed out QCN is still well below MRO if you adjust for number of coins. If you think, in looking at MRO and QCN, that people are ultimately going to place their confidence in QCN, then that's where you should focus. I happen not to believe that but I don't claim to have any special knowledge, just an opinion.

BTW, if all it takes to create a valuable coin is cloning one, then there will be no valuable coins at all. It doesn't matter which you pick, they are all worthless. I don't believe that either.

gminerz

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Activity: 75

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im having fun messing up coins!
this coin is so differend i will need some time to fuck this up!
i have yet no idea what to do!

tacotime

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Issues have been formerly opened on the repo: https://github.com/monero-project/bitmonero/issues

SyRenity

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Quote from: smooth on May 25, 2014, 05:27:03 PM

No you have to look at market cap as at least one factor, not just coin price. QCN mines 1/4 as many coins as MRO (for now, at some point the curves will cross). So it would have to be valued at 4x as much to be par. Think about it, if you have a coin where you only issue 0.1 coins per day, and assuming that coin had any kind of promise at all, the value per coin would be huge. The total market cap might not be any different though.

What about the fact that MRO devs do all the work, and QCN just syncs in the changes?
So just due to couple of variables tuned, it still going to be worth as much as MRO?

smooth

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Activity: 2968

Merit: 1198

Quote from: SyRenity on May 25, 2014, 04:48:30 PM

Quote from: damiano on May 25, 2014, 04:46:01 PM

If you guys have missed it take a look

https://bitcointalksearch.org/topic/rpietila-altcoin-observer-624223

I have followed rpietila for a long time and and fact Monero has his stamp of approval is BIG.

I read it and frankly still on fence, as QCN (being a clone) seems to worth more then MRO atm?

No you have to look at market cap as at least one factor, not just coin price. QCN mines 1/4 as many coins as MRO (for now, at some point the curves will cross). So it would have to be valued at 4x as much to be par. Think about it, if you have a coin where you only issue 0.1 coins per day, and assuming that coin had any kind of promise at all, the value per coin would be huge. The total market cap might not be any different though.

tacotime

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Quote from: SyRenity on May 25, 2014, 04:48:30 PM

I read it and frankly still on fence, as QCN (being a clone) seems to worth more then MRO atm?

QCN emission is slowed, so less coins are issued each day. As time goes on, it's more likely that MRO will increase in valuation comparatively (months to years), as MRO reward drops much more quickly.

Although the emissions curve was hotly debated in the beginning, I'm going to guess that it's what ends up making MRO the dominant cryptonote currency in the long term.

So far, issuance of MRO has been nothing but fair: http://monerochain.info/charts/coins

And our hash rate continues to grow exponentially: http://monerochain.info/charts/hashrate

SyRenity

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Activity: 756

Merit: 502

Quote from: damiano on May 25, 2014, 04:46:01 PM

If you guys have missed it take a look

https://bitcointalksearch.org/topic/rpietila-altcoin-observer-624223

I have followed rpietila for a long time and and fact Monero has his stamp of approval is BIG.

I read it and frankly still on fence, as QCN (being a clone) seems to worth more then MRO atm?

damiano

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Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

If you guys have missed it take a look

https://bitcointalksearch.org/topic/rpietila-altcoin-observer-624223

I have followed rpietila for a long time and and fact Monero has his stamp of approval is BIG.

mr_random

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We should keep a clearly maintained list of enhancements or extras MRO has brought to the cryptonote codebase.

For example the pools. And the GUI that is being worked on.

This helps us compare favourably to BCN in terms of advancing the cryptonote ecosystem.

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1931. (Read 4670562 times)