Topic: [XMR] Monero Speculation - page 1832. (Read 3314350 times)
Careful of self fulfilling prophesies.
Right about now, as things start to fall into place... I feel an attack brewing.
Spam may be the first phase of it. Recall that period of the BCX (non-) attack last year shortly after the real attack was accompanied a deluge of FUD and spam. It's eerily similar.
Right about now, as things start to fall into place... I feel an attack brewing.
This will change as XMR beings to snowball, and in spectacular ways enable the defections which Bitcoin alone cannot.
great words right here:
Quote
Monero’s Allure
Furthermore, potential attackers are at a disadvantage for another reason. Monero tends to oppose organizations rather than people. Even someone who stands to lose from Monero by not reacting to it, such as a banker or government agent, stands to gain a great deal by buying now. Only the very wealthiest people might reasonably expect to be worse off attempting to buy up as much as possible now than if it were gone. (This could happen if their attempt to buy caused the price to rise too fast relative to their ability to acquire additional Moneros, to the point that they ultimately had less influence over the future Monero economy than they have over the economy of today.) Thus, the agency problem with Monero affects Monero competitors as well as Monero holders.
Nearly any government agent who begins to see Monero as a potential threat must also simultaneously see it as an opportunity. He, too, can invest in Monero. And why shouldn’t he? Monero may be a threat to his livelihood, but it may well be making him an offer he can’t refuse. How can an organization that stands to lose by the adoption of Monero provide its members with a better opportunity for staying loyal than Monero provides for defection?
Even those who might resist the temptation to defect would have to think about the defection of his fellows. How quickly is adoption happening? Is there time to mount an attack before Monero becomes too powerful? How easily could the resources for such an attack be amassed, given both the ignorance and treachery of the other agents. If such an attack would be unlikely to succeed, then buying now would be the only intelligent action. Regardless of whether he liked Monero, it would be futile to continue pursuing a doomed cause.
Potential Monero attackers are in a Prisoner’s Dilemma. In the same way that the people cannot easily rebel against the king owing to a lack of coordination on their part, governments cannot rebel against Monero for the same reason. The government puts the people in a Prisoner’s Dilemma against one another, and Monero does the same to government agents.
Monero is like Invasion of the Body Snatchers. Monero attracts inside men to act as covert saboteurs. There have long been predictions from both Moneroers and naysayers of impending government attacks, but I think there is a possibility that Monero could win without suffering much resistance. Moreover, although I said above only that any legal Monero attack could be perverted, the considerations discussed in this section tend to make such diffusion very likely.
Monero defends itself by being obscure, but once it has attracted someone’s attention, its best interest is for that person to understand the logic presented here. For then he will also understand that his best course is to deny Monero’s threat to his superiors and quietly to become its willing slave.
Furthermore, potential attackers are at a disadvantage for another reason. Monero tends to oppose organizations rather than people. Even someone who stands to lose from Monero by not reacting to it, such as a banker or government agent, stands to gain a great deal by buying now. Only the very wealthiest people might reasonably expect to be worse off attempting to buy up as much as possible now than if it were gone. (This could happen if their attempt to buy caused the price to rise too fast relative to their ability to acquire additional Moneros, to the point that they ultimately had less influence over the future Monero economy than they have over the economy of today.) Thus, the agency problem with Monero affects Monero competitors as well as Monero holders.
Nearly any government agent who begins to see Monero as a potential threat must also simultaneously see it as an opportunity. He, too, can invest in Monero. And why shouldn’t he? Monero may be a threat to his livelihood, but it may well be making him an offer he can’t refuse. How can an organization that stands to lose by the adoption of Monero provide its members with a better opportunity for staying loyal than Monero provides for defection?
Even those who might resist the temptation to defect would have to think about the defection of his fellows. How quickly is adoption happening? Is there time to mount an attack before Monero becomes too powerful? How easily could the resources for such an attack be amassed, given both the ignorance and treachery of the other agents. If such an attack would be unlikely to succeed, then buying now would be the only intelligent action. Regardless of whether he liked Monero, it would be futile to continue pursuing a doomed cause.
Potential Monero attackers are in a Prisoner’s Dilemma. In the same way that the people cannot easily rebel against the king owing to a lack of coordination on their part, governments cannot rebel against Monero for the same reason. The government puts the people in a Prisoner’s Dilemma against one another, and Monero does the same to government agents.
Monero is like Invasion of the Body Snatchers. Monero attracts inside men to act as covert saboteurs. There have long been predictions from both Moneroers and naysayers of impending government attacks, but I think there is a possibility that Monero could win without suffering much resistance. Moreover, although I said above only that any legal Monero attack could be perverted, the considerations discussed in this section tend to make such diffusion very likely.
Monero defends itself by being obscure, but once it has attracted someone’s attention, its best interest is for that person to understand the logic presented here. For then he will also understand that his best course is to deny Monero’s threat to his superiors and quietly to become its willing slave.
Proposal: RPEX
1. Beg, steal, or borrow TheKoziTwo's idle CN exchange code.
2. Host it on clear and/or dark web.
3. Use MPEX-style high membership fees and GPG rigmarole to ensure security and keep out unprofitable high-maintenance plebs. Maybe even stay private and invite-only.
4. Sell shares of the exchange on the exchange (RPOE.s)
1. Beg, steal, or borrow TheKoziTwo's idle CN exchange code.
2. Host it on clear and/or dark web.
3. Use MPEX-style high membership fees and GPG rigmarole to ensure security and keep out unprofitable high-maintenance plebs. Maybe even stay private and invite-only.
4. Sell shares of the exchange on the exchange (RPOE.s)
It is a regular, unregulated all-purpose business registered in Finland dating back to 2010, with no tax payable unless assets are sold, 2% tax on the aftermarket transactions on the company stock, and possible capital gains tax depending on your jurisdiction.
We don't have a restriction on who can buy the stock, except that the deal must be private (may not be constantly advertised to unbounded number of people). To reduce hassle, minimum would be a few €k. If you don't have that, you are probably in the position to buy the coins directly and don't need this.
Appreciate the proposal though
That's a great way to get the hands-off less-nerdy investor types access to XMR exposure.
Looking the other direction, I proposed RPEX and XMR-e because MPEX and BTC-e played such key roles in the rise of Bitcoin.
Gox got all the hype and media attention, but the more resilient System D structures quietly humming along in the background provide valuable templates for XMR's financial and economic development.
I think my proposals just became predictions...
Today the general meeting of a certain Finnish company that already owns about 1% of XMR outstanding, has decided to refocus the company's mission to be a Monero fund, with the objective of converting its BTC holdings to XMR, and issuing shares to select parties and use the proceeds to acquire more XMR.
Heh, I love it when a plan comes together!
Proposal: RPEX
1. Beg, steal, or borrow TheKoziTwo's idle CN exchange code.
2. Host it on clear and/or dark web.
3. Use MPEX-style high membership fees and GPG rigmarole to ensure security and keep out unprofitable high-maintenance plebs. Maybe even stay private and invite-only.
4. Sell shares of the exchange on the exchange (RPOE.s)
It is a regular, unregulated all-purpose business registered in Finland dating back to 2010, with no tax payable unless assets are sold, 2% tax on the aftermarket transactions on the company stock, and possible capital gains tax depending on your jurisdiction.
We don't have a restriction on who can buy the stock, except that the deal must be private (may not be constantly advertised to unbounded number of people). To reduce hassle, minimum would be a few €k. If you don't have that, you are probably in the position to buy the coins directly and don't need this.
Appreciate the proposal though
Does the company lend bitcoins on Polo? For instance, if it is decided that the company will buy 2 btc*s worth of coins on daily basis, then just deposit 14 btc on weekly basis and lend out 10 btc or so and earn interest and thus prolonging the buying pressure and aiming at Titan?
coincidence or not, if we connect the downtrend with the latest "high", the wedge closes on august 8
That reminds me, I nominate Korean to be next in line. Perfect demographic (save $, high tech, love new fads) for XMR.
I'd imagine the perfect demographic is a country with high GINI, very corrupt government/businesses, a lot of very rich people (possibly at the expense of even more poor people), high taxes, unstable government. You mean like Ukraine, Venezuela, and Argentina? They are more technophobic and less homogenous than Korea. The elites are a different ethnicity than the rabble and the culture is conservative. In such places Bitcoin and gold are better choices. XMR is much riskier and its appeal lies in the 'cool factor' far more appreciated by affluent SE Asian technophiles than peasant farmers, drug lords, and struggling middle classes.
People in chaotic situations don't have the risk capital for lottery tickets like Monero.
This will change as XMR beings to snowball, and in spectacular ways enable the defections which Bitcoin alone cannot.
Probably a lot of people will try to frontrun the big buying.
I added in some near 0.0018 and a week ago, if we have a daily close above 0.0022 I'm converting most of my BTC left to XMR and probably also do some margin longs.
This could be the first big rally with margin trading which could be very volatile and possibly also very much upside capablities in $ terms because BTC is still cheaper now than in 2014.
If BTC continues to rally and go to new ATH's we might sit on a insane rocket about to take off now, near the end of the current (XMR) bear trend.
I added in some near 0.0018 and a week ago, if we have a daily close above 0.0022 I'm converting most of my BTC left to XMR and probably also do some margin longs.
This could be the first big rally with margin trading which could be very volatile and possibly also very much upside capablities in $ terms because BTC is still cheaper now than in 2014.
If BTC continues to rally and go to new ATH's we might sit on a insane rocket about to take off now, near the end of the current (XMR) bear trend.
It should be obvious to all that XMR has always had takers, and its destiny is moon, and if you don't buy, you are just playing with your financial future.
yup, times like now with good development/enterprises news happening I like to thank the dumpsters, it was never really appropriate to just buy large quantities of XMR since large dumps happened constantly, where do people think this XMR went?
But the time to buy is still in the present, for now.Development news IMO is quite favorable.
1. There is now a dedicated funded developer who has a good track record. This fact further demonstrates the effectiveness and high subscription level of the crowdfunding system, which can continue to support development.
2. Tremendous delivery by Noodle Doodle on the database implementation being testing, debugged, benchmarked, and optimized into a production-ready solution that performs even better than the original in-memory version. This has gone from promises and rumors to working code in github.
Development is only part of what drives price action but that part is very strong right now.
It should be obvious to all that XMR has always had takers, and its destiny is moon, and if you don't buy, you are just playing with your financial future.
yup, times like now with good development/enterprises news happening I like to thank the dumpsters, it was never really appropriate to just buy large quantities of XMR since large dumps happened constantly, where do people think this XMR went?
But the time to buy is still in the present, for now. It is OK if all that I say is interpreted crookedly.
Didn't you get the memo? Usually the most damning explanation imaginable is true until proven otherwise. And even then it still might be.
It is OK if all that I say is interpreted crookedly. It just neutralizes the market reaction that might happen as a result of the believers buying, and anyway you should buy the rumor and sell the news don't they say so?
You are one of the few people that have figured out that if you are honest and up front most people will go game theory with it and end up screwing themselves out of an opportunity.
It is OK if all that I say is interpreted crookedly. It just neutralizes the market reaction that might happen as a result of the believers buying, and anyway you should buy the rumor and sell the news don't they say so?
I don't understand why you make this information public. The smart thing to do would be to accumulate and then make it public.
This company already has some XMR and it has so many BTC that it anyway takes months before they are all invested. In practice I would need to either withhold the information for months - and what is the point? - or just tell everything and start buying after the initial spike has abated. We are not in a hurry, we want as many XMR as possible, and it does not happen by being hasty.
Remember I pre-announced this weeks before.
The last time when this company bought its current position, I announced it would happen, and price went from 115k to 430k but hold your horses, we are prepared to take our time with the acquisitions and not push the price.
It should be obvious to all that XMR has always had takers, and its destiny is moon, and if you don't buy, you are just playing with your financial future.
Well he already said the company won't be buying from the exchanges.
Well this he never said. Correct interpretation is that we can buy and sell larger amounts than anyone in OTC, make good margins because we provide service that nobody else can, and use exchanges to replenish our position.
Today the general meeting of a certain Finnish company that already owns about 1% of XMR outstanding, has decided to refocus the company's mission to be a Monero fund, with the objective of converting its BTC holdings to XMR, and issuing shares to select parties and use the proceeds to acquire more XMR.
I don't understand why you make this information public. The smart thing to do would be to accumulate and then make it public.
Well he already said the company won't be buying from the exchanges. Now who might own enough XMR and be someone the company already knows and trusts enough to do deals with. It's a good way for someone to sell at spot prices more than could be sold on the illiquid Poloniex markets. And now try to think who is the one that would profit from the announcement in that equation.
If the price on the exchanges increases so will the price OTC as well.
Are you implying rpietila would be the seller and therefore benefit from an increase in price?
Today the general meeting of a certain Finnish company that already owns about 1% of XMR outstanding, has decided to refocus the company's mission to be a Monero fund, with the objective of converting its BTC holdings to XMR, and issuing shares to select parties and use the proceeds to acquire more XMR.
I don't understand why you make this information public. The smart thing to do would be to accumulate and then make it public.
Well he already said the company won't be buying from the exchanges. Now who might own enough XMR and be someone the company already knows and trusts enough to do deals with. It's a good way for someone to sell at spot prices more than could be sold on the illiquid Poloniex markets. And now try to think who is the one that would profit from the announcement in that equation.
Today the general meeting of a certain Finnish company that already owns about 1% of XMR outstanding, has decided to refocus the company's mission to be a Monero fund, with the objective of converting its BTC holdings to XMR, and issuing shares to select parties and use the proceeds to acquire more XMR.
I don't understand why you make this information public. The smart thing to do would be to accumulate and then make it public.
Sounds like they have accumulated a substantial amount already.
Sounds like they want much more
Today the general meeting of a certain Finnish company that already owns about 1% of XMR outstanding, has decided to refocus the company's mission to be a Monero fund, with the objective of converting its BTC holdings to XMR, and issuing shares to select parties and use the proceeds to acquire more XMR.
I don't understand why you make this information public. The smart thing to do would be to accumulate and then make it public.
Sounds like they have accumulated a substantial amount already.
Today the general meeting of a certain Finnish company that already owns about 1% of XMR outstanding, has decided to refocus the company's mission to be a Monero fund, with the objective of converting its BTC holdings to XMR, and issuing shares to select parties and use the proceeds to acquire more XMR.
Heh, I love it when a plan comes together!
Proposal: RPEX
1. Beg, steal, or borrow TheKoziTwo's idle CN exchange code.
2. Host it on clear and/or dark web.
3. Use MPEX-style high membership fees and GPG rigmarole to ensure security and keep out unprofitable high-maintenance plebs. Maybe even stay private and invite-only.
4. Sell shares of the exchange on the exchange (RPOE.s)
It is a regular, unregulated all-purpose business registered in Finland dating back to 2010, with no tax payable unless assets are sold, 2% tax on the aftermarket transactions on the company stock, and possible capital gains tax depending on your jurisdiction.
We don't have a restriction on who can buy the stock, except that the deal must be private (may not be constantly advertised to unbounded number of people). To reduce hassle, minimum would be a few €k. If you don't have that, you are probably in the position to buy the coins directly and don't need this.
Appreciate the proposal though
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