This article might interest some readers:
https://bitcoinmagazine.com/articles/zcash-ceo-zooko-discusses-privacy-and-efficiency-tradeoffs-vs-the-bitcoin-blockchain-1458829054
Topic: [XMR] Monero Speculation - page 1417. (Read 3314669 times)
XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL
Sometimes those are auto renew. May have been set up a while back when the rates were much lower, and left unattended. Every time it is paid back it will continue to be offered again at the same low rate regardless of market conditions.
Understood, but the question remains. What is the point of offering free loans? Some may make a case for cheap loans. But that is ridiculous.
If you are leaving your coins on there long term (not saying that is a good idea -- it isn't -- but many people do so anyway), you might as well, at least if you don't consider the risk of default to be significant.
Those low rate loans are from some guy who has had xmr in there for months and never changed the rate. He just doesnt pay any attention to it.
I am not loaning any XMR below .5% any more. I miss out on some small gains sometimes, but then I am ready to catch the big lending rates when they happen, and they are worth WAY more.
I am not loaning any XMR below .5% any more. I miss out on some small gains sometimes, but then I am ready to catch the big lending rates when they happen, and they are worth WAY more.
XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL
Sometimes those are auto renew. May have been set up a while back when the rates were much lower, and left unattended. Every time it is paid back it will continue to be offered again at the same low rate regardless of market conditions.
Understood, but the question remains. What is the point of offering free loans? Some may make a case for cheap loans. But that is ridiculous.
Greed or race to the bottom. Also a bit of game theory involved.
XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL
Sometimes those are auto renew. May have been set up a while back when the rates were much lower, and left unattended. Every time it is paid back it will continue to be offered again at the same low rate regardless of market conditions.
Understood, but the question remains. What is the point of offering free loans? Some may make a case for cheap loans. But that is ridiculous.
XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL
Where are you getting over 1.86% per year from a bank?Of course, XMR loan rates should be much higher given the high risk of keeping funds at Poloniex.
XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL
Sometimes those are auto renew. May have been set up a while back when the rates were much lower, and left unattended. Every time it is paid back it will continue to be offered again at the same low rate regardless of market conditions.
guess its not so good an idea to bet against xmr, or anything, at rock bottom prices.
my loan was returned early in full about around 12 hours ago, btw. poor fella.
my loan was returned early in full about around 12 hours ago, btw. poor fella.
It seems like the same user who just the other day made a reddit post titled "I get margin called at 254K...someone help now!" switched to a short and ended up getting margin called now during todays rally, losing 140 BTC.
From Trollbox:
Pepperpig: I was short XMR and lost 140 BTC on it
Pepperpig: I made 220 btc on ETH, and 140 btc loss on XMR
Pepperpig: I probaly caused the XMR moon
I think it's the same guy because he also wrote this
Of course there's no way to know if there is any truth to this, he could be just bluffing. But it sounds plausible to me. Easy come easy go.
From Trollbox:
Pepperpig: I was short XMR and lost 140 BTC on it
Pepperpig: I made 220 btc on ETH, and 140 btc loss on XMR
Pepperpig: I probaly caused the XMR moon
I think it's the same guy because he also wrote this
Of course there's no way to know if there is any truth to this, he could be just bluffing. But it sounds plausible to me. Easy come easy go.
I dont think they are the same person. The guy posting about getting margin called at 254k was long, this guy was short. The long guy got lucky, this short guy got burned.
(I think his post on polo of getting margin called at 254k was making fun of the other guy's post. But I could be wrong. Its possible he was just trolling everyone with the 254k margin call thing and he was never long).
It seems like the same user who just the other day made a reddit post titled "I get margin called at 254K...someone help now!" switched to a short and ended up getting margin called now during todays rally, losing 140 BTC.
From Trollbox:
Pepperpig: I was short XMR and lost 140 BTC on it
Pepperpig: I made 220 btc on ETH, and 140 btc loss on XMR
Pepperpig: I probaly caused the XMR moon
I think it's the same guy because he also wrote this
Of course there's no way to know if there is any truth to this, he could be just bluffing. But it sounds plausible to me. Easy come easy go.
From Trollbox:
Pepperpig: I was short XMR and lost 140 BTC on it
Pepperpig: I made 220 btc on ETH, and 140 btc loss on XMR
Pepperpig: I probaly caused the XMR moon
I think it's the same guy because he also wrote this
Of course there's no way to know if there is any truth to this, he could be just bluffing. But it sounds plausible to me. Easy come easy go.
I dont think they are the same person. The guy posting about getting margin called at 254k was long, this guy was short. The long guy got lucky, this short guy got burned.
(I think his post on polo of getting margin called at 254k was making fun of the other guy's post. But I could be wrong. Its possible that its all one guy, and he was just trolling everyone with the 254k margin call thing and he was never long).
It seems like the same user who just the other day made a reddit post titled "I get margin called at 254K...someone help now!" switched to a short and ended up getting margin called now during todays rally, losing 140 BTC.
From Trollbox:
Pepperpig: I was short XMR and lost 140 BTC on it
Pepperpig: I made 220 btc on ETH, and 140 btc loss on XMR
Pepperpig: I probaly caused the XMR moon
I think it's the same guy because he also wrote this
Of course there's no way to know if there is any truth to this, he could be just bluffing. But it sounds plausible to me. Easy come easy go.
From Trollbox:
Pepperpig: I was short XMR and lost 140 BTC on it
Pepperpig: I made 220 btc on ETH, and 140 btc loss on XMR
Pepperpig: I probaly caused the XMR moon
I think it's the same guy because he also wrote this
Of course there's no way to know if there is any truth to this, he could be just bluffing. But it sounds plausible to me. Easy come easy go.
XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL
All aboard!
Such a cool photo!. I was so high on mooneros that night that almost dnt remember it
Say good bye to 3XX
I've heard this too many times in the past and everytime it was said we revisted that level.
Say hello to 3XX (nice to reload the boat!!)
Monero this morning. A first person perspective:
I don't think we are even above the clouds my friend.
All aboard!
Evan's new face is awesome! lol you have to look good for it.
...
But Litecoin sticking it out at ~$150m shows that a low nine-figure market-cap can indeed be sustained on hopes and dreams with no real economy behind it. And in Litecoin's case, on "me too" tech that offers nothing to the ecosystem....though I think - finally, mercifully - LTC's days as a top-5 (top-10?) coin are coming to an end.
But Litecoin sticking it out at ~$150m shows that a low nine-figure market-cap can indeed be sustained on hopes and dreams with no real economy behind it. And in Litecoin's case, on "me too" tech that offers nothing to the ecosystem....though I think - finally, mercifully - LTC's days as a top-5 (top-10?) coin are coming to an end.
Good analysis.
On the other hand, Ethereum is all hopes and dreams too at this point. Just more of them.
I question how long ether can be sustained, without a bottle. Does it not tend to sink and dissipate?
Guess I can finally post this now. Monero daemon running on Azure. Depending on the resource container used it will spin up a virgin unsynchronized node in 5-10 minutes. It obviously takes much longer to sync the entire chain beyond that. I'm testing using this method to send transactions via simplewallet and a trezor if I'm remote but still want some privacy of at least knowing it's a node I control. I think we might need to change the current deployment directory to /usr/local/bin from /tmp for longer stability while sacrificing some forced security measures. Azure as far as my testing goes, deletes /tmp on stop/start and doesn't have a pause/resume like Amazon as far as I can tell. Would be cool to throw simplewallet on a tailsOS USB and link to my remote node and use my trezor to send coins when needed.
Need a Gui wallet 
Is the Light wallet safe, because i don´t trust MyMonero?
Thx
Is the Light wallet safe, because i don´t trust MyMonero?
Thx
I have had no problems with LightWallet2 make sure to save your 25 word seed when you setup.
Light wallet is running, but i can´t find the payment id to receive any xmr? Where can i find the id?
Thx
Nice to hear, BitcoinNewsMagazine. pippo, you don't need a payment ID to receive funds, you usually only use one of you're sending coins to an exchange or payment processor.
thx for the answer ;-)
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