[XMR] Monero Speculation - page 1662.

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: ArticMine on October 30, 2015, 03:44:48 PM

Quote from: rpietila on October 30, 2015, 02:50:54 PM

Quote from: kazuki49 on October 30, 2015, 02:36:58 PM

It doesn't matter how hard the reality is now

It does.

Should I sell my XMR to prove to you that I don't like the concentration that is happening?

(I also don't like that nobody even recognizes this is the problem. As with price, today it is 0.3734 EUR/XMR, twelve days ago it was 0.3735. That one is holding steady.)

The problem is that there has not been an official tagged release for the XMR software in well over 10 months now and the last official binaries from December of last year are for most people close to unusable with their 8 GB + of RAM requirements. This creates the false impression that there has not been any development of XMR. It also encourages concentration since those of us willing to clone github and compile from source (as I had to do two days ago when I upgraded from Ubuntu 14.04 to Ubuntu 14.10) actually see the benefits of what has been very extensive development over the last 10 months, while the typical Windows / iOS user will not. The reality is that someone who is not both already involved with Monero and also to be blunt "a nerd running GNU/Linux" is unlikely to compile from source and consequently will either sell or not buy. The recent bear market starting in mid September coincides with the failed target date of September 15, 2014 for the code freeze for version 0.9, and further supports my theory.

I believe you meant September 15, 2015 for the code freeze for version 0.9

americanpegasus

hero member

Activity: 770

Merit: 504

I have always supported the idea of "soon" becoming our official slogan. Grin

It has a few double meanings to it.

So just think. The price might be in the toilet now.... but....

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: rpietila on October 30, 2015, 02:50:54 PM

Quote from: kazuki49 on October 30, 2015, 02:36:58 PM

It doesn't matter how hard the reality is now

It does.

Should I sell my XMR to prove to you that I don't like the concentration that is happening?

(I also don't like that nobody even recognizes this is the problem. As with price, today it is 0.3734 EUR/XMR, twelve days ago it was 0.3735. That one is holding steady.)

The problem is that there has not been an official tagged release for the XMR software in well over 10 months now and the last official binaries from December of last year are for most people close to unusable with their 8 GB + of RAM requirements. This creates the false impression that there has not been any development of XMR. It also encourages concentration since those of us willing to clone github and compile from source (as I had to do two days ago when I upgraded from Ubuntu 15.04 to Ubuntu 15.10) actually see the benefits of what has been very extensive development over the last 10 months, while the typical Windows / iOS user will not. The reality is that someone who is not both already involved with Monero and also to be blunt "a nerd running GNU/Linux" is unlikely to compile from source and consequently will either sell or not buy. The recent bear market starting in mid September coincides with the failed target date of September 15, 2015 for the code freeze for version 0.9, and further supports my theory.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: dEBRUYNE on October 30, 2015, 03:21:09 PM

Rpietila has done quite a lot of that already. Next to Crypto Kingdom, he also donated quite a lot to the dev team.

Yeah, and I have probably donated more of my time than some of the devs (CK has been a 50+ hour per week project for most of its existence of 1+ year).

But no way anyone could buy my time anyway... I do what I feel needs to be done. When I lectured in the former high school, I paid my trips even. But as a result, today the teacher promised she will be showing videos about Bosnian Pyramids to the students Grin

I don't believe too many highschools include Bosnian Pyramids in the history. This is what I like to do.

kazuki49

sr. member

Activity: 350

Merit: 250

Quote from: rpietila on October 30, 2015, 02:50:54 PM

Quote from: kazuki49 on October 30, 2015, 02:36:58 PM

It doesn't matter how hard the reality is now

It does.

Should I sell my XMR to prove to you that I don't like the concentration that is happening?

(I also don't like that nobody even recognizes this is the problem. As with price, today it is 0.3734 EUR/XMR, twelve days ago it was 0.3735. That one is holding steady.)

I'm not telling or implying what you should do since I respect public persons in this space that has shown a reputable history. I already done with the fact that the XMR I hold (considerable amount) will stay with me forever, I'm not dumping it for Bitcoin much less FIAT, I have other things happening, maybe Monero speculation is not for me since I'm aiming at a long term future that is blinding me of what is happening, regardless of the impact on the long term.
Maybe this is a foolish move from my part but I really like this project.

americanpegasus

hero member

Activity: 770

Merit: 504

Quote from: SmoothCurves on October 30, 2015, 03:23:31 PM

Another 18k? That's like 36k total or something in that range? Talk about a YOLO bet!

Yup, except if I use any capital gains to support transhumanism, it might one day be a YOLF bet. Wink

Also, I filed this today over on the Monero subreddit. Kiss

SmoothCurves

sr. member

Activity: 379

Merit: 250

Quote from: americanpegasus on October 30, 2015, 02:40:10 PM

Hey fam.

Someone left some cheap Monero lying around. So I'm buying another 18,000.

Their loss. Wink

Another 18k? That's like 36k total or something in that range? Talk about a YOLO bet!

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: americanpegasus on October 30, 2015, 02:56:00 PM

Quote from: rpietila on October 30, 2015, 02:50:54 PM

Should I sell my XMR to prove to you that I don't like the concentration that is happening?

(I also don't like that nobody even recognizes this is the problem. As with price, today it is 0.3734 EUR/XMR, twelve days ago it was 0.3735. That one is holding steady.)

If you remember the early days, those with excessive amounts of BTC were incentivizing others in BTC. 1000 BTC for this project, 1000 BTC for that. As long as you could prove you had a legitimate way to advance the currency, there were rounds of investment capital being paid into the ecosystem in the currency.

This has a two-fold effect: it propagates the currency while also giving people a way and incentive to build it up. Consider making some XMR investments into projects. Remember: BUIDL, not HODL. Wink

Rpietila has done quite a lot of that already. Next to Crypto Kingdom, he also donated quite a lot to the dev team.

luigi1111

legendary

Activity: 1105

Merit: 1000

Quote from: americanpegasus on October 30, 2015, 02:40:10 PM

Hey fam.

Someone left some cheap Monero lying around. So I'm buying another 18,000.

Their loss. Wink

Hey you're growing up!

Grin

luigi1111

legendary

Activity: 1105

Merit: 1000

Quote from: rpietila on October 30, 2015, 02:50:54 PM

Quote from: kazuki49 on October 30, 2015, 02:36:58 PM

It doesn't matter how hard the reality is now

It does.

Should I sell my XMR to prove to you that I don't like the concentration that is happening?

(I also don't like that nobody even recognizes this is the problem. As with price, today it is 0.3734 EUR/XMR, twelve days ago it was 0.3735. That one is holding steady.)

This may be (or turn out to be in the future) a problem, but I don't think it is the problem. Extreme concentration should typically produce a highly defective market cap, because those with the oversized concentration can set whatever price they want (Exhibit A. BCN). We aren't seeing that happen in XMR as far as I can tell, unless the oversized portion is ensuring a defective market cap on the downside, which seems counterproductive to wealth preservation.

Or maybe they hold it low so more new people can buy thus lessening the concentration, except new people often don't want to get involved in a declining market.

Or maybe none of the above.

equipoise

hero member

Activity: 794

Merit: 1000

Monero (XMR) - secure, private, untraceable

Quote from: rpietila on October 30, 2015, 02:50:54 PM

Quote from: kazuki49 on October 30, 2015, 02:36:58 PM

It doesn't matter how hard the reality is now

It does.

Should I sell my XMR to prove to you that I don't like the concentration that is happening?

(I also don't like that nobody even recognizes this is the problem. As with price, today it is 0.3734 EUR/XMR, twelve days ago it was 0.3735. That one is holding steady.)

Last 24 hours weighted average EUR/XMR is 0.4001 EUR (moneroprice.i2p.xyz). Twelve days ago the weighted 24 hours average was 0.3596 EUR.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Quote from: americanpegasus on October 30, 2015, 02:56:00 PM

If you remember the early days, those with excessive amounts of BTC were incentivizing others in BTC. 1000 BTC for this project, 1000 BTC for that. As long as you could prove you had a legitimate way to advance the currency, there were rounds of investment capital being paid into the ecosystem in the currency.

Early on, Roger Ver was an prolific Angel investor: BitPay, Blockchain.info, Kraken, Safello, Purse.io, ShapesShift.io, Coinsetter, the Bitcoin Store, BitInstant, and dozens of other companies all received money from Ver. I hope I am in the position to be an angel investor one day.

chennan

legendary

Activity: 1316

Merit: 1004

Quote from: americanpegasus on October 30, 2015, 02:51:32 PM

Quote from: chennan on October 30, 2015, 02:48:09 PM

Jesus AP, I wish I had your job to be able to fork over that kind of cash whenever I wanted... how are you able to survive bills and food/alcohol expenses when your throwing that much money into cryptos?

This was my big yearly bonus check. Cheesy

I have a pretty good job, but it's not that good.

It was tempting to use it to buy some toys, pay down some debt, take a vacation to Vegas, or any number of things.... or perhaps even just hold onto Bitcoin and see what happens.

but nah. I figure, I've talked more shit about Monero (in a good way) than pretty much anyone. I had better put my money where my mouth is. Cool

Haha, nice... I'm working towards a promotion that will probably happen sometime in 2017, so I'm hoping that it will be enough time for monero to stay atleast under the $2 mark before I can really start throwing around some money... but for some reason, I don't see this happening. *sigh* oh well..

americanpegasus

hero member

Activity: 770

Merit: 504

Quote from: rpietila on October 30, 2015, 02:50:54 PM

Should I sell my XMR to prove to you that I don't like the concentration that is happening?

(I also don't like that nobody even recognizes this is the problem. As with price, today it is 0.3734 EUR/XMR, twelve days ago it was 0.3735. That one is holding steady.)

If you remember the early days, those with excessive amounts of BTC were incentivizing others in BTC. 1000 BTC for this project, 1000 BTC for that. As long as you could prove you had a legitimate way to advance the currency, there were rounds of investment capital being paid into the ecosystem in the currency.

This has a two-fold effect: it propagates the currency while also giving people a way and incentive to build it up. Consider making some XMR investments into projects. Remember: BUIDL, not HODL. Wink

americanpegasus

hero member

Activity: 770

Merit: 504

Quote from: chennan on October 30, 2015, 02:48:09 PM

Jesus AP, I wish I had your job to be able to fork over that kind of cash whenever I wanted... how are you able to survive bills and food/alcohol expenses when your throwing that much money into cryptos?

This was my big yearly bonus check. Cheesy

I have a pretty good job, but it's not that good.

It was tempting to use it to buy some toys, pay down some debt, take a vacation to Vegas, or any number of things.... or perhaps even just hold onto Bitcoin and see what happens.

but nah. I figure, I've talked more shit about Monero (in a good way) than pretty much anyone. I had better put my money where my mouth is. Cool

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: kazuki49 on October 30, 2015, 02:36:58 PM

It doesn't matter how hard the reality is now

It does.

Should I sell my XMR to prove to you that I don't like the concentration that is happening?

(I also don't like that nobody even recognizes this is the problem. As with price, today it is 0.3734 EUR/XMR, twelve days ago it was 0.3735. That one is holding steady.)

generalizethis

legendary

Activity: 1750

Merit: 1036

Facts are more efficient than fud

Quote from: americanpegasus on October 30, 2015, 02:40:10 PM

Hey fam.

Someone left some cheap Monero lying around. So I'm buying another 18,000.

Their loss. Wink

Quoting Delonte West, "How Playa' is that"

chennan

legendary

Activity: 1316

Merit: 1004

Quote from: americanpegasus on October 30, 2015, 02:40:10 PM

Hey fam.

https://i.imgur.com/kwE5vRC.jpg

Someone left some cheap Monero lying around. So I'm buying another 18,000.

Their loss. Wink

Jesus AP, I wish I had your job to be able to fork over that kind of cash whenever I wanted... how are you able to survive bills and food/alcohol expenses when your throwing that much money into cryptos?

americanpegasus

hero member

Activity: 770

Merit: 504

Hey fam.

Someone left some cheap Monero lying around. So I'm buying another 18,000.

Their loss. Wink

kazuki49

sr. member

Activity: 350

Merit: 250

Quote from: binaryFate on October 30, 2015, 01:34:20 PM

Quote from: rpietila on October 29, 2015, 04:47:06 PM

Quote from: smooth on October 29, 2015, 03:26:00 PM

I've always believed that "more inflation now <=> less inflation later".

Yes, it is correct. What the community refused to believe a year ago, and seemingly still do, is that both are harmful.

I think this is incorrect, as much as you can summarize the thoughts of an informal entity such as "the community". The community did acknowledge the possible harmfulness, it didn't refuse to believe it as you say. Changing the emission curve was simply deemed to be even more harmful.

+1 I would definitely not be here if the emission was changed. It doesn't matter how hard the reality is now it means there is no real demand for Monero and lower emission would not solve this problem we would be fooling ourselves. Also I'm not concerned about concentration, I got my stash

Topic: [XMR] Monero Speculation - page 1662. (Read 3313576 times)