[XMR] Monero Speculation - page 2077.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: iCEBREAKER on January 24, 2015, 02:20:29 AM

Quote from: mmortal03 on January 21, 2015, 03:50:19 PM

Bytecoin has slipped ahead of Monero on coinmarketcap.com again. Sad

Price only means something within the context of volume.

Has Bytecoin ever had higher volume than Monero? Even once?

BCN hasn't even had regular daily volume over 5 BTC since last summer.

It's dead Jim. No wonder they are launching CN 2.0!

2.0 was the version of the original white paper, and is still the version number on the (slightly different) copy of the original white paper on their web site right now: https://cryptonote.org/whitepaper.pdf

Nothing new here. Probably -- who knows what they will actually do -- they're somewhat clever scammers.

Showing up at a conference seems like part of the effort to keep hope (of a pump and exit) alive.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: mmortal03 on January 21, 2015, 03:50:19 PM

Bytecoin has slipped ahead of Monero on coinmarketcap.com again. Sad

Price only means something within the context of volume.

Has Bytecoin ever had higher volume than Monero? Even once?

BCN hasn't even had regular daily volume over 5 BTC since last summer.

It's dead Jim. No wonder they are launching CN 2.0!

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: jehst on January 24, 2015, 02:00:53 AM

Quote from: smooth on January 24, 2015, 01:28:01 AM

As with any pump and dump, their play is to sooner or later trade out of the 150+ billion (80%+) premined coins. Trying to make a big enough pump to do that in todays market would be difficult if not impossible. The market won't even support selling 1k-2k USD per day. So the most sensible strategy is to keep it somewhere viable in the rankings at minimal cost, wait, and hope for a better chance to exit.

Their only hope of cashing out is a massive crypto bubble where every shitcoin in the Top 50 is getting millions thrown at it by panicked investors who aren't taking the time to research each one.

When you have 80% of the coins it doesn't take a massive crypto bubble like that to cash out 10 million USD or more. BCN market cap peaked at about 12 million USD, and that wasn't in during a massive crypto bubble, at least not the peak of one, it was well into the 2014 decline.

BCN has a better chance to pump out than some crappy #40-50 coin. It has interesting technology, pretty web sites, a backstory, and a somewhat professional and experienced crew of scammers running it.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Quote from: smooth on January 24, 2015, 01:28:01 AM

As with any pump and dump, their play is to sooner or later trade out of the 150+ billion (80%+) premined coins. Trying to make a big enough pump to do that in todays market would be difficult if not impossible. The market won't even support selling 1k-2k USD per day. So the most sensible strategy is to keep it somewhere viable in the rankings at minimal cost, wait, and hope for a better chance to exit.

Their only hope of cashing out is a massive crypto bubble where every shitcoin in the Top 50 is getting millions thrown at it by panicked investors who aren't taking the time to research each one.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: mmortal03 on January 24, 2015, 01:13:29 AM

Quote from: Jungian on January 23, 2015, 08:00:39 AM

Quote from: mmortal03 on January 21, 2015, 03:50:19 PM

Bytecoin has slipped ahead of Monero on coinmarketcap.com again. Sad

You do understand that the real market cap is very close to zero right?

Well over 80% premine plus an almost infinite supply gives it a market cap at 1 million when if only sells at the lowest possible price that's possible on an btc-exchange. 1 satoshi.

They could easily trade it up to multiple million $ in market cap with only a few thousand dollars.

It definitely sounds like something that they would do. Why haven't they?

As with any pump and dump, their play is to sooner or later trade out of the 150+ billion (80%+) premined coins. Trying to make a big enough pump to do that in todays market would be difficult if not impossible. The market won't even support selling 1k-2k USD per day. So the most sensible strategy is to keep it somewhere viable in the rankings at minimal cost, wait, and hope for a better chance to exit.

Notice how the other clone coins run by the same outfit have been abandoned (FCN, QCN, MCN, etc.). That's because they didn't have the same magnitude of premine (though they all had a month or two of likely instamine given their un-deoptimized miners), so not enough incentive to keep them going.

mmortal03

legendary

Activity: 1762

Merit: 1011

Quote from: Jungian on January 23, 2015, 08:00:39 AM

Quote from: mmortal03 on January 21, 2015, 03:50:19 PM

Bytecoin has slipped ahead of Monero on coinmarketcap.com again. Sad

You do understand that the real market cap is very close to zero right?

Well over 80% premine plus an almost infinite supply gives it a market cap at 1 million when if only sells at the lowest possible price that's possible on an btc-exchange. 1 satoshi.

They could easily trade it up to multiple million $ in market cap with only a few thousand dollars.

It definitely sounds like something that they would do. Why haven't they?

Jungian

legendary

Activity: 930

Merit: 1010

Quote from: mmortal03 on January 21, 2015, 03:50:19 PM

Bytecoin has slipped ahead of Monero on coinmarketcap.com again. Sad

You do understand that the real market cap is very close to zero right?

Well over 80% premine plus an almost infinite supply gives it a market cap at 1 million when if only sells at the lowest possible price that's possible on an btc-exchange. 1 satoshi.

They could easily trade it up to multiple million $ in market cap with only a few thousand dollars.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: mmortal03 on January 21, 2015, 03:50:19 PM

Bytecoin has slipped ahead of Monero on coinmarketcap.com again. Sad

There are no known people who own bytecoin, except the ones in the team. In this kind of setting, you can choose the price.

mmortal03

legendary

Activity: 1762

Merit: 1011

Bytecoin has slipped ahead of Monero on coinmarketcap.com again. Sad

GingerAle

legendary

Activity: 1260

Merit: 1008

either 1) price of bitcoin influences how much it costs to buy into the market (i.e., 200$ bitcoin means 25 cent monero, whereas 150$ bitcoin means 18 cent monero, if monero doesn't hold its own - which I've only seen it do once). So lower bitcoin price, you can buy more monero.

or 2) might buy bitcoin instead of monero if goes low enough.

edited - sorry, I thought the above post was in reference to the post above that.

SmoothCurves

sr. member

Activity: 379

Merit: 250

What effect will a spike in the BTC price have on Monero?

UnicornFarts

full member

Activity: 154

Merit: 100

I'm ready to dump money in Moneros - but I'm afraid Bitcoin isn't done falling.

redhack

legendary

Activity: 1863

Merit: 1020

Quote from: smooth on January 05, 2015, 09:55:18 PM

Quote from: bclcjunkie on January 05, 2015, 09:52:28 PM

care to elaborate what your investing strategy was?

Don't bother. Look at the post history. It is just an account being mined up to non-newbie rank so it can be sold.

EDIT: On second look I don't think this is quite true. He's posted about Monero a few times before, so probably just someone with an odd posting style that resembles a rank miner.

Thanks for your responses. We don't have so much time to read forum. We open it 1 or 2 times in a month. Our donation system is stopped now. Thanks for all your donations.

dewdeded

legendary

Activity: 1232

Merit: 1011

Monero Evangelist

Quote

Voidspace, the Dogecoin MMO, was just financed for $998k by the Canada Media Fund. Congratulations to the Universe Project team.

http://www.cmf-fmc.ca/funded-projects/funded-projects-database/1/?title=voidspace&program=Experimental&activity=Production&fiscalYear=2014-2015&selectionRound=2&displayCommitment=0

Go on with CK!!!!! Wink

Seams like Crypto-MMOs are the way to go.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: rpietila on January 18, 2015, 06:07:06 AM

Quote from: jehst on January 17, 2015, 12:42:06 PM

Quote from: GreekBitcoin on January 17, 2015, 12:30:08 PM

Quote from: ?? on ??

Quote from: dewdeded on January 17, 2015, 11:27:27 AM

Quote from: rpietila on January 16, 2015, 05:40:08 PM

1 XMR invested in the Hypothecary Bank long bond (guaranteed by the Town and His Majesty The King) in CryptoKingdom, is returning 2.5 XMR in January-2016.

Sorry didnt read all. But: how is this possible?

Can this game ever be a danger to Monero?

i would also be interested in how this works? is there a upper limit? we do not want you to pay with your own money or get into troubles with that Kiss

edit: is there a place where we can talk about the game without roleplaying? ask questions and everything..i do not feel like the Ck game thread is the right place for that..

I think that the 'guaranteed by the Town and His Majesty The King' means that you must actually participate a bit in the game and help it if you want your investment to be more secure...

It never hurts to be friendly with the guy holding your money.

- It is possible by people borrowing the money to invest in ingame assets that pay back even better.
- If it's a danger to monero, it's very bad planning: CK was born in a MEW workshop where only executives were present, as a direct response to the need of marketing of XMR
- The upper limit of bonds is very low atm, only 2,500 XMR in total were offered last time.
- Yeah, CK thread is open for questions, but closed for questioning. Some don't know the difference.
- The guarantee by the two wealthiest characters of the game does not infer that you must play the game. It just means that it is practically impossible for the game to continue without the loan to be paid back as agreed. If you lend money to any 1 character, he can go bankrupt and you don't receive back in full, and everything else will continue.
- In other words, "the public" sees that the probability that the game still exists after a year is 40% (1/2.5). In the last time these were offered, it was 25%, so we are making progress

I fail to see how this could possibly be a danger to Monero even if there was a default on the bonds. The reason is actually very simple Monero is proof of work.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: jehst on January 17, 2015, 12:42:06 PM

Quote from: GreekBitcoin on January 17, 2015, 12:30:08 PM

Quote from: ?? on ??

Quote from: dewdeded on January 17, 2015, 11:27:27 AM

Quote from: rpietila on January 16, 2015, 05:40:08 PM

1 XMR invested in the Hypothecary Bank long bond (guaranteed by the Town and His Majesty The King) in CryptoKingdom, is returning 2.5 XMR in January-2016.

Sorry didnt read all. But: how is this possible?

Can this game ever be a danger to Monero?

i would also be interested in how this works? is there a upper limit? we do not want you to pay with your own money or get into troubles with that Kiss

edit: is there a place where we can talk about the game without roleplaying? ask questions and everything..i do not feel like the Ck game thread is the right place for that..

I think that the 'guaranteed by the Town and His Majesty The King' means that you must actually participate a bit in the game and help it if you want your investment to be more secure...

It never hurts to be friendly with the guy holding your money.

- It is possible by people borrowing the money to invest in ingame assets that pay back even better.
- If it's a danger to monero, it's very bad planning: CK was born in a MEW workshop where only executives were present, as a direct response to the need of marketing of XMR
- The upper limit of bonds is very low atm, only 2,500 XMR in total were offered last time.
- Yeah, CK thread is open for questions, but closed for questioning. Some don't know the difference.
- The guarantee by the two wealthiest characters of the game does not infer that you must play the game. It just means that it is practically impossible for the game to continue without the loan to be paid back as agreed. If you lend money to any 1 character, he can go bankrupt and you don't receive back in full, and everything else will continue.
- In other words, "the public" sees that the probability that the game still exists after a year is 40% (1/2.5). In the last time these were offered, it was 25%, so we are making progress

saddambitcoin

legendary

Activity: 1610

Merit: 1004

The bond pays out in moneritos, the in-game currency, so keep that in mind.

There is currently no direct way to go from moneritos->XMR. The game does not have plans to implement this either. However, there are rumors of CKG being added to a certain exchange sometime in the future.

Therefore, it is reasonable to expect one could buy CKG in-game, then sell for XMR on the exchange.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Quote from: GreekBitcoin on January 17, 2015, 12:30:08 PM

Quote from: ?? on ??

Quote from: dewdeded on January 17, 2015, 11:27:27 AM

Quote from: rpietila on January 16, 2015, 05:40:08 PM

1 XMR invested in the Hypothecary Bank long bond (guaranteed by the Town and His Majesty The King) in CryptoKingdom, is returning 2.5 XMR in January-2016.

Sorry didnt read all. But: how is this possible?

Can this game ever be a danger to Monero?

i would also be interested in how this works? is there a upper limit? we do not want you to pay with your own money or get into troubles with that Kiss

edit: is there a place where we can talk about the game without roleplaying? ask questions and everything..i do not feel like the Ck game thread is the right place for that..

I think that the 'guaranteed by the Town and His Majesty The King' means that you must actually participate a bit in the game and help it if you want your investment to be more secure...

It never hurts to be friendly with the guy holding your money.

GreekBitcoin

legendary

Activity: 1428

Merit: 1001

getmonero.org

Quote from: ?? on ??

Quote from: dewdeded on January 17, 2015, 11:27:27 AM

Quote from: rpietila on January 16, 2015, 05:40:08 PM

1 XMR invested in the Hypothecary Bank long bond (guaranteed by the Town and His Majesty The King) in CryptoKingdom, is returning 2.5 XMR in January-2016.

Sorry didnt read all. But: how is this possible?

Can this game ever be a danger to Monero?

i would also be interested in how this works? is there a upper limit? we do not want you to pay with your own money or get into troubles with that Kiss

edit: is there a place where we can talk about the game without roleplaying? ask questions and everything..i do not feel like the Ck game thread is the right place for that..

I think that the 'guaranteed by the Town and His Majesty The King' means that you must actually participate a bit in the game and help it if you want your investment to be more secure...

dewdeded

legendary

Activity: 1232

Merit: 1011

Monero Evangelist

Quote from: rpietila on January 16, 2015, 05:40:08 PM

1 XMR invested in the Hypothecary Bank long bond (guaranteed by the Town and His Majesty The King) in CryptoKingdom, is returning 2.5 XMR in January-2016.

Sorry didnt read all. But: how is this possible?

Can this game ever be a danger to Monero?

Topic: [XMR] Monero Speculation - page 2077. (Read 3314316 times)