Topic: [XMR] Monero Speculation - page 2134. (Read 3314596 times)

It already went below 200

EDIT: Why not set it at 0.00175, that will support the previous low.

maybe the market is anticipating that mintpal finally delivers the "stolen" xmr

The fee is 2.5% now. But I agree with your opinion.

Just an idea here to add some value to XMR.

My understanding is the only AMD GPU miner is a closed source miner which takes a 5% fee of XMR, and likely sells it all.  Maybe devs can make public a open cl miner with no fee.

2cents

Haha - well that would be fun to watch.

The weird thing is all the other coins dumping.  Monero hasn't lost any spots - Darkcoin just didn't dump.

I have my promise in place from the very ancient times: if XMR goes to 200, I will put a BTC100 bid wall in 150, and it will stay there as long as XMR is convincingly above 200 again (or get dumped into).

wow.  well that dump hurt.

Wonder when the downtrend is going to stop?  200?  180?  150?

zerocash has data size and compute time issues which make it unsuitable for many uses cases of xmr.  
it also has the trusted mint problem, last i heard.
for those reasons i doubt that it can attain sufficient liquidity to displace monero as the dominant provider of dark liquidity.

Two way-peg is still part of the concept. I don't know if they are pursing unpegged or 1-way sidechains at all. I would guess not as part of the intent seems to be to rally around the use of BTC as the currency for everything.

I'd be interested to know if this could work with the cryptonote codebase.

Tying the anon technology to bitcoin would be fine with me.

did not read the paper - but I remember the discussion from april/may - is the idea still to two-way peg the sidechain? If yes this will fail miserably. Unpegged it is a very interesting concept.

Sidechains vs Monero? see: http://www.reddit.com/r/Bitcoin/comments/2k070h/enabling_blockchain_innovations_with_pegged/clgnykt

Seems like there is still pretty much sell pressure. Everytime someone marketbuys 5-10k, the asks fill again after a few hours. For example: someone bought 7k to 0.0026 between 5:30 and 6:00 (GMT+1) and now there is again 7k till 0.0026.

DRK is now in direct competation with XMR for market cap:



when we are above DRK, we'll clearly be the market leader.

the winner will be taken once zerocash is out - anc failed so miserably that I think it is dead.

I think we will see the classical situation of two networks competing - the dominant ledger from the cryptonote implementations which is by no question monero and the dominat zerocash implementation.

from a game-theoretic point odds for monero are not that bad, it will strongly depend how zerocash is distributed.

Monero never was as stable as now... Realy amazing


Let's hope that when BTC goes up in fiat terms, XMR will follow.

Could not have said it better myself. Or let me try....

If a function F(t) has a certain value in a certain point of t, knowing the value (market cap) has little significance in forecasting the future value. It requires knowing the function, at least partly, to be able to forecast efficiently. XMR and BTC have the largest highest-order terms. This wins in the long run.

Personally, I see facts on the ground as having already determined the clear winner.  I say this as someone who was in DRK before XMR, and who would bail on XMR for ANC were it not for the problems I see in ANC disqualifying it from dominance.  At this point I think it would require a new player with a fundamental innovation and substantial financial backing to displace XMR from leadership.  

By leadership I do not mean marketcap, or user-base, although those are important factors (marketcap because liquidity providers must first and foremost provide liquidity, and user-base because the size of the user-base contributes to but does not determine the quality and scale of the development and entrepreneurial communities).  I mean the overall combination of the critically necessary factors for success, among which are the well-founded trust of the community in the major actors in all aspects of the socioeconomic network, the balance of architecture and design features, the quality of the software project management and development community, and the resources of the entrepreneurial community, as well as the legal and political exposure profile, and the market-suitability of the technical infrastructure.

The market is not rational in any epistemic sense.  But reality forces the market to pick the most fit for an economic niche in the long run.

Maybe the point is that the market is more rational about picking winners in a bear trend than in a bull / bubble trend? - I guess that's true. This could also be due partly to Bitcoin's bearish status lately. If Bitcoin spikes up(as it did in May, also when DRK hit it's ATH, and Monero shortly after in June), then I suspect the fad will be "reborn". I might be completely wrong however, but I think until a clear winner has taken place, the whole anon craze is going to continue.

thing is - look at darkcoin.  Reigned supreme as the earliest and it's dumped even though they've open sourced.

XC - PoS 100 day POW closed sourced shit.  Moved on to building the blocknet and incorporating their own company.  Doing literally anything they can to pump the price and it's still dumping.  Out of the top 20.

BTCD - Dumping even though work on the SuperNET continues and BTCD is going to be the "backbone"

The number of primarily anon coins in the top 20 is falling off.  XC will continue dropping spaces (closed sourced anon doesn't belong in the top 20).  I expect BTCD to drop more.  The trend seems bearish for anon coins IMO.

Maybe the point is that the market is more rational about picking winners in a bear trend than in a bull / bubble trend?