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Topic: [XMR] Monero Speculation - page 2105. (Read 3313076 times)

legendary
Activity: 1624
Merit: 1008
December 13, 2014, 02:31:23 PM

Anyway, I have been really busy lately, whatever has come out of the discussion to change the mining rate of Monero?

IMO there doesn't seem to be consensus in the community and being that a vote hasn't taken place is indicative of that. 

There is not support within the core team for changing the emission.


I would be ok with any outcome.  I came for the privacy and stayed because of the core team and the community.


legendary
Activity: 2324
Merit: 1125
December 13, 2014, 01:58:25 PM
BCN price is easier to keep propped up, because it is doubtful that more than 5% of the supply has ever been in the hands of the public (others than the BCN team).

XMR is more subject to market forces, since the number of people holding more than 1% of the XMR is rather large, and any one of them may decide to call it quits and dump. Similarly the existing, or new, people can buy. Trying to either suppress or pump the price in this environment are losing propositions.

Smartest thing I've heard you say in a month. Welcome back. Wink

Exactly Smiley

Anyway, I have been really busy lately, whatever has come out of the discussion to change the mining rate of Monero?
sr. member
Activity: 462
Merit: 250
December 13, 2014, 12:35:01 PM
If Bytecoin team dumps their coins, price will be even lower.
legendary
Activity: 2730
Merit: 1288
December 13, 2014, 12:28:53 PM
He meant market cap of course

There are 166,526,647,893 bytecoins worth 3 satoshi each.
There are 5,058,851 moneroj worth 109155 satoshi each.

Bytecoin market cap is totally not realistic exactly because of this:
.., because it is doubtful that more than 5% of the supply has ever been in the hands of the public (others than the BCN team).

Is like i would have 100 apples and keep 95 and place 5 slovly on sale one by one. There would be few hungry and wiling to pay nice price for that apple. But no way there would be 100 people need apple. If i multiply that apple price with my 100 i would look rich.



What rdnkjdi said is just lol. Not worth to quote.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
December 13, 2014, 12:24:15 PM
BCN price is easier to keep propped up, because it is doubtful that more than 5% of the supply has ever been in the hands of the public (others than the BCN team).

XMR is more subject to market forces, since the number of people holding more than 1% of the XMR is rather large, and any one of them may decide to call it quits and dump. Similarly the existing, or new, people can buy. Trying to either suppress or pump the price in this environment are losing propositions.

Smartest thing I've heard you say in a month. Welcome back. Wink
donator
Activity: 1722
Merit: 1036
December 13, 2014, 10:28:33 AM
BCN price is easier to keep propped up, because it is doubtful that more than 5% of the supply has ever been in the hands of the public (others than the BCN team).

XMR is more subject to market forces, since the number of people holding more than 1% of the XMR is rather large, and any one of them may decide to call it quits and dump. Similarly the existing, or new, people can buy. Trying to either suppress or pump the price in this environment are losing propositions.
hero member
Activity: 840
Merit: 1000
December 13, 2014, 08:17:30 AM
It's pretty impressive that Monero is almost down to the same price as Bytecoin.  I'd say it was a bullish indicator but looking at the pattern on the order book I think people are going to keep dumping.



Hi, dude, how do you know keep dumping from order book? What kind of order book indicates pumping? I am not a professional trader.
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
December 13, 2014, 06:59:24 AM
It's pretty impressive that Monero is almost down to the same price as Bytecoin.  I'd say it was a bullish indicator but looking at the pattern on the order book I think people are going to keep dumping.



What am I missing? Last time I checked (5 minutes ago) the price of Bytecoin was 2 satoshi. https://poloniex.com/exchange/btc_bcn



He meant market cap of course

There are 166,526,647,893 bytecoins worth 3 satoshi each.
There are 5,058,851 moneroj worth 109155 satoshi each.

sr. member
Activity: 400
Merit: 263
December 13, 2014, 06:16:57 AM
It's pretty impressive that Monero is almost down to the same price as Bytecoin.  I'd say it was a bullish indicator but looking at the pattern on the order book I think people are going to keep dumping.



What am I missing? Last time I checked (5 minutes ago) the price of Bytecoin was 2 satoshi. https://poloniex.com/exchange/btc_bcn

hero member
Activity: 798
Merit: 1000
21 million. I want them all.
December 13, 2014, 01:17:03 AM
It's pretty impressive that Monero is almost down to the same price as Bytecoin.  I'd say it was a bullish indicator but looking at the pattern on the order book I think people are going to keep dumping.



Bytecoin's marketcap actually did go higher than Monero's for a time last night (Asia time). Pretty brutal.
legendary
Activity: 1256
Merit: 1009
December 13, 2014, 12:06:05 AM
It's pretty impressive that Monero is almost down to the same price as Bytecoin.  I'd say it was a bullish indicator but looking at the pattern on the order book I think people are going to keep dumping.

member
Activity: 84
Merit: 10
December 12, 2014, 11:25:26 PM
I did a lot of speculation, but monero is my first loss.. I should've have know looking at the wallet.

Fore sure I keep it (just 1 BTC), but expected this one to overgrow DOGE...

What other coins do you trade with?
sr. member
Activity: 335
Merit: 250
December 12, 2014, 09:41:04 PM
I did a lot of speculation, but monero is my first loss.. I should've have know looking at the wallet.

Fore sure I keep it (just 1 BTC), but expected this one to overgrow DOGE...
legendary
Activity: 1256
Merit: 1009
December 12, 2014, 09:38:22 PM
Quote
As you say, the advantages of being trustless may outweigh the very slow trading

If you'll think back to not too long ago ... decentralized exchanges will help bad actors profit from smaller coins (split chain / dump).  Not to mention I'm not sure they will be able to lock them down by 2FA (won't they have to use the private / public key only?)

I'm not so sure that there aren't close to as many cons as pros
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
December 12, 2014, 08:39:15 PM
Quote
So that gives Monero a shot to be relatively high impact.

Hope so.
legendary
Activity: 2968
Merit: 1198
December 12, 2014, 08:24:06 PM
Ethereum will have a 60 second block time so any contracts traded using it will be pretty quick.

60 seconds is not "pretty quick" for real time trading. For something more like shapeshift, it is certainly fine.

As you say, the advantages of being trustless may outweigh the very slow trading, and lack of HFT might turn out to be an advantage, but I see this as being very questionable to assume.

Quote
It's going to be 2015 in a few weeks. 2015 is already here.

Exactly!

Anything that isn't here already might well not be here (or not scale up enough to have much impact) by 2015. So that gives Monero a shot to be relatively high impact.
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
December 12, 2014, 08:16:22 PM
EtherEx on Ethereum could rapidly make Cryptsy and other crypto-crypto exchanges obsolete.

Could being the big word here. It will not allow real time trading. They say this is an advantage since it won't have HFT. I sympathize with that point of view somewhat, but so far almost every market (both crypto and non-crypto) has preferred real time exchanges.

Quote
Overstock's Medici on Counterparty would be pretty big.

Do they have a target date for actually trading? I'm not sure it is realistic to see this fly in 2015, given the regulatory speed limit. Maybe, but look how the Bitcoin ETFs have gotten bogged down.



Ethereum will have a 60 second block time so any contracts traded using it will be pretty quick. After people get gox'd and web services get hacked another dozen times, they may start to see that waiting 60 seconds to make a trustless trade is a tradeoff worth making. In any case, there will be some significant movement of users and volume from centralized crypto-crypto exchanges to decentralized ones. I sure as hell won't be keeping money on centralized crypto-crypto exchanges when I have another choice. That would be a big impact on the space.

On second thought, you're right about Medici. It's probably way too early. Medici could easily be one of those things, like Zerocoin, that seem to just never come into existence.

Perhaps the ETF itself will have the biggest impact 2015 if it even launches.

In my opinion. 2015 is mostly going to be a year of development. It's going to be 2015 in a few weeks. 2015 is already here. Most things are still works in progress.
legendary
Activity: 2968
Merit: 1198
December 12, 2014, 07:50:10 PM
EtherEx on Ethereum could rapidly make Cryptsy and other crypto-crypto exchanges obsolete.

Could being the big word here. It will not allow real time trading. They say this is an advantage since it won't have HFT. I sympathize with that point of view somewhat, but so far almost every market (both crypto and non-crypto) has preferred real time exchanges.

Quote
Overstock's Medici on Counterparty would be pretty big.

Do they have a target date for actually trading? I'm not sure it is realistic to see this fly in 2015, given the regulatory speed limit. Maybe, but look how the Bitcoin ETFs have gotten bogged down.

hero member
Activity: 798
Merit: 1000
21 million. I want them all.
December 12, 2014, 07:44:34 PM

So I think there is a case to be made for Monero here, although objectively I'm not sure it will have "the biggest impact". In fact the biggest impact may be negative, and I can think of some high profile efforts that might turn out to be colossal failures in 2015.


I think the technology has already had the theoretical, psychological impact on the space in 2014. In order for Monero to really have an impact in the "cryptocurrency landscape" in 2015, one of the following would have to happen:

a) Its technology is implemented in bitcoin (not going to happen)
b) Its technology is implemented in a sidechain (more likely, but sidechains probably won't exist in 2015. too early for that)
c) It becomes the dominant currency in certain niche markets (too early for that)

2015 will be competitive in terms of impact. EtherEx on Ethereum could rapidly make Cryptsy and other crypto-crypto exchanges obsolete. Overstock's Medici on Counterparty would be pretty big. And as you said, some sort of colossal failure might easily end up being the most impactful thing. It's truly hard to imagine XMR being the #1 crypto story of 2015.
legendary
Activity: 2968
Merit: 1198
December 12, 2014, 04:23:03 PM
Monero guys, please add Monero as an answer to "Which recent developments do you think will have the biggest impact on the BTC landscape in 2015"

http://www.coindesk.com/state-bitcoin-2015-survey/

Honest question: do you actually believe monero will have the biggest impact on the BTC landscape in 2015 or do you just want to vote for it? There's nothing recent about ring signatures as a technology, which has already been around for a while.

The use in a coin is recent. There is nothing else out there that has anonymity rooted in any sort of math or cryptography. The closest would by zerocash, which doesn't exist yet, and who knows if it will exist or become mature enough to matter (even as mature as Monero) in 2015.

So I think there is a case to be made for Monero here, although objectively I'm not sure it will have "the biggest impact". In fact the biggest impact may be negative, and I can think of some high profile efforts that might turn out to be colossal failures in 2015.
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