[XMR] Monero Speculation - page 2014.

mmortal03

legendary

Activity: 1762

Merit: 1011

Quote from: GingerAle on March 15, 2015, 06:50:53 AM

Quote from: smooth on March 15, 2015, 04:43:35 AM

Quote from: futureofbitcoin on March 15, 2015, 04:21:22 AM

I have to say that I really don't, and I think the vast majority (or at least a good number of ordinary folks) of the world doesn't. More important things to care about.

It is actually pretty clear you are correct, if you look at how the whole commercial and government spying industry has developed. It's not the case that people aren't aware of it, but most really and truly don't care.

I think people care, its just that they feel powerless to stop it. Kind of like "yeah, but what are yah gonna do?" I guess the answer would be to use cash for everything, but for some people they don't feel safe or for whatever reason there's a combination of things that outweighs the lack of privacy.

What if inflation exists to dissuade people from just putting cash under their mattresses... so the government can better track their spending?

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

XMR is about to pass NMC's market cap. Passing PPC is also possible in the near-term. It should raise some eyebrows and increase XMR's visibility.

mmortal03

legendary

Activity: 1762

Merit: 1011

Quote from: smooth on March 15, 2015, 04:59:33 AM

Quote from: MoneroMooo on March 15, 2015, 04:56:18 AM

Second, having more uses brings more people, liquidity, decentralization, and hash rate. All are good, directly or indirectly, for Monero's security and usefulness.

I think this is pretty important, and we've discussed several times since the start of Monero. If the only thing you can do with Monero is illicit trade, then sellers will just dump it as soon as they get it, in exchange for something they can actually spend. No willingness to hold means no store of value at all. For people to hold money they have to be able to use it for unknown future purchase needs, and that requires wide acceptability and use. You can't live on drugs alone.

With things like xmr.to making it easy to transact in bitcoins by way of moneroj, you might still want to hold the XMR for the purpose of maintaining your future anonymity needs. Of course, there are other concerns that would likely come into play in this sort of calculus, like the expected future price volatility of Bitcoin vs. Monero.

Quote from: futureofbitcoin on March 15, 2015, 08:42:40 AM

I am not saying that I'd want to make my transactions public. Rather, there isn't enough incentive to switch to monero JUST because you can keep such trivial transactions private. It's not a big enough motivation for most people.

I'm with you on this. Hopefully, as Monero's development matures/progresses, so will the incentives to switch to it.

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: opennux on March 16, 2015, 05:03:59 AM

Quote from: sparky999 on March 16, 2015, 04:48:57 AM

Quote from: opennux on March 16, 2015, 04:12:33 AM

Quote from: sparky999 on March 16, 2015, 03:42:49 AM

Quote from: smooth on March 15, 2015, 08:45:05 PM

Quote from: ArticMine on March 15, 2015, 08:36:07 PM

Quote from: Hueristic on March 15, 2015, 08:20:35 PM

This is the latest scare. Pulling people over and if you have too much cash without an explanation they like they seize it.

http://www.cnn.com/2015/01/21/us/asset-seizures/

Quote

In the case of the two poker players in Iowa, months after their money was taken, they reached a settlement in which most of the money —$90,000 — was returned. They told CNN they believed it was the best deal they could have made at the time. Now, however, they are suing to get the rest of the money back and have asked for unspecified damages. The state of Iowa isn't giving it back and is not backing down.

This is the classic mistake: To settle for getting 90% of the money back. Now they are suing after the settlement. The question becomes are their chances of success more or less now?
Edit: These guys are poker players yet they do not seem to understand the concept of bluffing. My bet is with the state on this one.

Let's assume they are professional poker players. That being the case the $100K was probably essential to their livelihood. If you are a baker and your bakery is seized, you don't really have the luxury of waiting ages for the case to play out in court to see if you might get it back.

They were pro players - they are also not the only poker players I know who have had this happen to them. I can think of 5 off the top of my head in the last 12 months all very similar stories.

It seems just a little bit too coincidental to me.

They took the settlement because 90% today is better than 100% in 2 years time. This stuff happens more often than hits the headlines.

What I meant was that it's a bit too coincidental that poker-players in particular are being targeted. It almost looks systematic. Figure out who's a relatively successful poker-player and so forth..

They will stop anybody and everybody. They need no cause to seize cash or property. Guilty till proven innocent. It's been going on for years and is getting more prevalent as time goes on because it is a successful means of raising funds for local police and towns.

This is the US we are talking about.

Bassica

sr. member

Activity: 283

Merit: 250

It's looking to be a great day!

- Monero rally is continuing. 0.003 seems like a reasonable target for the short time.
- Bitcoin is looking to make another stab at 300, with some of the resistance cleared last week this might be the attempt which proves succesful.

Maybe a good news catalyst to give the final push; I'm thinking LMDB for xmr and Gemini for btc.

Grin

EDIT:
Asks in xmr are drying up a little, 185k total (~70K =< 0.004). This is pretty low compared to the averages last couple of months...

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Quote from: opennux on March 16, 2015, 04:12:33 AM

Quote from: sparky999 on March 16, 2015, 03:42:49 AM

Quote from: smooth on March 15, 2015, 08:45:05 PM

Quote from: ArticMine on March 15, 2015, 08:36:07 PM

Quote from: Hueristic on March 15, 2015, 08:20:35 PM

This is the latest scare. Pulling people over and if you have too much cash without an explanation they like they seize it.

http://www.cnn.com/2015/01/21/us/asset-seizures/

Quote

In the case of the two poker players in Iowa, months after their money was taken, they reached a settlement in which most of the money —$90,000 — was returned. They told CNN they believed it was the best deal they could have made at the time. Now, however, they are suing to get the rest of the money back and have asked for unspecified damages. The state of Iowa isn't giving it back and is not backing down.

This is the classic mistake: To settle for getting 90% of the money back. Now they are suing after the settlement. The question becomes are their chances of success more or less now?
Edit: These guys are poker players yet they do not seem to understand the concept of bluffing. My bet is with the state on this one.

Let's assume they are professional poker players. That being the case the $100K was probably essential to their livelihood. If you are a baker and your bakery is seized, you don't really have the luxury of waiting ages for the case to play out in court to see if you might get it back.

They were pro players - they are also not the only poker players I know who have had this happen to them. I can think of 5 off the top of my head in the last 12 months all very similar stories.

It seems just a little bit too coincidental to me.

Police are not above targeting petty drug dealers and pimps to "raise money" for their local bureau. When there's a big cash poker game in town, I'd bet that enterprising police officers specifically wait outside the games and pull those players over. Should've used bitcoin.

opennux

full member

Activity: 231

Merit: 100

Quote from: sparky999 on March 16, 2015, 04:48:57 AM

Quote from: opennux on March 16, 2015, 04:12:33 AM

Quote from: sparky999 on March 16, 2015, 03:42:49 AM

Quote from: smooth on March 15, 2015, 08:45:05 PM

Quote from: ArticMine on March 15, 2015, 08:36:07 PM

Quote from: Hueristic on March 15, 2015, 08:20:35 PM

This is the latest scare. Pulling people over and if you have too much cash without an explanation they like they seize it.

http://www.cnn.com/2015/01/21/us/asset-seizures/

Quote

In the case of the two poker players in Iowa, months after their money was taken, they reached a settlement in which most of the money —$90,000 — was returned. They told CNN they believed it was the best deal they could have made at the time. Now, however, they are suing to get the rest of the money back and have asked for unspecified damages. The state of Iowa isn't giving it back and is not backing down.

This is the classic mistake: To settle for getting 90% of the money back. Now they are suing after the settlement. The question becomes are their chances of success more or less now?
Edit: These guys are poker players yet they do not seem to understand the concept of bluffing. My bet is with the state on this one.

Let's assume they are professional poker players. That being the case the $100K was probably essential to their livelihood. If you are a baker and your bakery is seized, you don't really have the luxury of waiting ages for the case to play out in court to see if you might get it back.

They were pro players - they are also not the only poker players I know who have had this happen to them. I can think of 5 off the top of my head in the last 12 months all very similar stories.

It seems just a little bit too coincidental to me.

They took the settlement because 90% today is better than 100% in 2 years time. This stuff happens more often than hits the headlines.

What I meant was that it's a bit too coincidental that poker-players in particular are being targeted. It almost looks systematic. Figure out who's a relatively successful poker-player and so forth..

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

I have put my trading stack outside of the exchange so they are unfortunately unavailable for people for some time. If you want me to sell some goodies, please pay some paper money from them. Otherwise I am not interested in selling. Roll Eyes

sparky999

sr. member

Activity: 473

Merit: 250

Quote from: opennux on March 16, 2015, 04:12:33 AM

Quote from: sparky999 on March 16, 2015, 03:42:49 AM

Quote from: smooth on March 15, 2015, 08:45:05 PM

Quote from: ArticMine on March 15, 2015, 08:36:07 PM

Quote from: Hueristic on March 15, 2015, 08:20:35 PM

This is the latest scare. Pulling people over and if you have too much cash without an explanation they like they seize it.

http://www.cnn.com/2015/01/21/us/asset-seizures/

Quote

In the case of the two poker players in Iowa, months after their money was taken, they reached a settlement in which most of the money —$90,000 — was returned. They told CNN they believed it was the best deal they could have made at the time. Now, however, they are suing to get the rest of the money back and have asked for unspecified damages. The state of Iowa isn't giving it back and is not backing down.

This is the classic mistake: To settle for getting 90% of the money back. Now they are suing after the settlement. The question becomes are their chances of success more or less now?
Edit: These guys are poker players yet they do not seem to understand the concept of bluffing. My bet is with the state on this one.

Let's assume they are professional poker players. That being the case the $100K was probably essential to their livelihood. If you are a baker and your bakery is seized, you don't really have the luxury of waiting ages for the case to play out in court to see if you might get it back.

They were pro players - they are also not the only poker players I know who have had this happen to them. I can think of 5 off the top of my head in the last 12 months all very similar stories.

It seems just a little bit too coincidental to me.

They took the settlement because 90% today is better than 100% in 2 years time. This stuff happens more often than hits the headlines.

opennux

full member

Activity: 231

Merit: 100

Quote from: sparky999 on March 16, 2015, 03:42:49 AM

Quote from: smooth on March 15, 2015, 08:45:05 PM

Quote from: ArticMine on March 15, 2015, 08:36:07 PM

Quote from: Hueristic on March 15, 2015, 08:20:35 PM

This is the latest scare. Pulling people over and if you have too much cash without an explanation they like they seize it.

http://www.cnn.com/2015/01/21/us/asset-seizures/

Quote

In the case of the two poker players in Iowa, months after their money was taken, they reached a settlement in which most of the money —$90,000 — was returned. They told CNN they believed it was the best deal they could have made at the time. Now, however, they are suing to get the rest of the money back and have asked for unspecified damages. The state of Iowa isn't giving it back and is not backing down.

This is the classic mistake: To settle for getting 90% of the money back. Now they are suing after the settlement. The question becomes are their chances of success more or less now?
Edit: These guys are poker players yet they do not seem to understand the concept of bluffing. My bet is with the state on this one.

Let's assume they are professional poker players. That being the case the $100K was probably essential to their livelihood. If you are a baker and your bakery is seized, you don't really have the luxury of waiting ages for the case to play out in court to see if you might get it back.

They were pro players - they are also not the only poker players I know who have had this happen to them. I can think of 5 off the top of my head in the last 12 months all very similar stories.

It seems just a little bit too coincidental to me.

sparky999

sr. member

Activity: 473

Merit: 250

Quote from: smooth on March 15, 2015, 08:45:05 PM

Quote from: ArticMine on March 15, 2015, 08:36:07 PM

Quote from: Hueristic on March 15, 2015, 08:20:35 PM

This is the latest scare. Pulling people over and if you have too much cash without an explanation they like they seize it.

http://www.cnn.com/2015/01/21/us/asset-seizures/

Quote

In the case of the two poker players in Iowa, months after their money was taken, they reached a settlement in which most of the money —$90,000 — was returned. They told CNN they believed it was the best deal they could have made at the time. Now, however, they are suing to get the rest of the money back and have asked for unspecified damages. The state of Iowa isn't giving it back and is not backing down.

This is the classic mistake: To settle for getting 90% of the money back. Now they are suing after the settlement. The question becomes are their chances of success more or less now?
Edit: These guys are poker players yet they do not seem to understand the concept of bluffing. My bet is with the state on this one.

Let's assume they are professional poker players. That being the case the $100K was probably essential to their livelihood. If you are a baker and your bakery is seized, you don't really have the luxury of waiting ages for the case to play out in court to see if you might get it back.

They were pro players - they are also not the only poker players I know who have had this happen to them. I can think of 5 off the top of my head in the last 12 months all very similar stories.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: Valta Crypto on March 16, 2015, 01:39:57 AM

yeah I'm waiting for the news too before dumping

I guess the buyers are appreciating the dumpers highly these days. Grin

Valta Crypto

sr. member

Activity: 243

Merit: 250

yeah I'm waiting for the news too before dumping

Johnny Mnemonic

hero member

Activity: 795

Merit: 514

Quote from: dreamspark on March 15, 2015, 11:41:06 PM

Quote from: onemorexmr on March 15, 2015, 11:39:19 PM

Quote from: dreamspark on March 15, 2015, 11:36:00 PM

The market is crazy right now. 2k coins back to 0.0024 and someone is still market buying everything up to 0.0029. That's an insane spread.

a few hours ago we had a 100btc buy wall... maybe he got a little impatient Wink

Yeah course, very very weird price action though. Reeks of insider trading if there happens to be a big announcement around the corner.

Could simply be anticipation for Monday's news (because it's always on a Monday).

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

About 20 % more rise and I am on water (bitcoinwise - not fiat). Grin

No plans to sell Moneros though since there is a lot of development to be done so it is not a right moment to sell. When everything is basically ready it is time to sell. Until then, it is time for accumulation/holding only.

Have you thought the scenario of someone serious to corner Monero stake? What do you think to the price? Is there enough digits? Shocked

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: onemorexmr on March 15, 2015, 11:39:19 PM

Quote from: dreamspark on March 15, 2015, 11:36:00 PM

The market is crazy right now. 2k coins back to 0.0024 and someone is still market buying everything up to 0.0029. That's an insane spread.

a few hours ago we had a 100btc buy wall... maybe he got a little impatient Wink

Yeah course, very very weird price action though. Reeks of insider trading if there happens to be a big announcement around the corner.

onemorexmr

sr. member

Activity: 252

Merit: 251

Quote from: dreamspark on March 15, 2015, 11:36:00 PM

The market is crazy right now. 2k coins back to 0.0024 and someone is still market buying everything up to 0.0029. That's an insane spread.

a few hours ago we had a 100btc buy wall... maybe he got a little impatient Wink

dreamspark

hero member

Activity: 798

Merit: 1000

The market is crazy right now. 2k coins back to 0.0024 and someone is still market buying everything up to 0.0029. That's an insane spread.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

I added an edit to my post. There is a lot of interesting things going on over at Darkcoin, so it is well worth watching. Most of this is likely very positive for XMR. Dashcoin of course has close to doubled in value.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: ArticMine on March 15, 2015, 09:22:06 PM

Quote from: Hueristic on March 15, 2015, 09:09:17 PM

...
Now don't quote me on this (yeah right

) But I think I remember reading that the first question people are being asked is, "How much money are you carrying", and if they do not give an answer then that is considered probable cause that a crime is in progress. And then a search is conducted. And if they do answer and some I read were as little as 1k they get there money seized right on the side of the road.

http://jayrameylaw.com/know-your-rights/

Hah, anyone that believes they have those lives in a fantasy. Do you have any clue how many cops lie under oath? The only way your rights are safe (and even then they still aren't) is when the Cop knows he's being taped. Damn Taped is such an old phrase now. Seriously even the ones busted on tape wantonly abusing people get paid leave while they wait to get a lousy reprimand even if they don't weasel out of it. It's not called a "Cop out" for nothing.

Quote from: smooth on March 15, 2015, 09:45:02 PM

Either way, its more demand for XMR, and a good deal for DASH holders if they trade their dash for his XMR. We should welcome them without trolling or gloating.

QFT, but there's a few ways those will be worth quite a bit more than he's getting them for.

Topic: [XMR] Monero Speculation - page 2014. (Read 3313076 times)