Author

Topic: [XMR] Monero Speculation - page 656. (Read 3314316 times)

sr. member
Activity: 243
Merit: 250
July 20, 2017, 10:02:55 PM
No need to be pedantic, Smooth. I understand that you're not going around and preventing others from promoting Monero. I just don't think it's consistent for someone to make millions from cryptocurrency, and then make self-righteous posts about the risks of cryptocurrency. Posts which imply that Monero shouldn't be promoted because it has risks associated with it. Posts which argue against retiring a meme that is harmful to Monero.


Meme: A behavior, idea, or style that spreads through a population. Not the common usage of the term which refers to a picture with some text on it. "Don't buy Monero" has become a meme in the sense that it's showing up in comment sections on articles, Twitter, Reddit, anywhere that Monero is discussed. All that we're saying is, "Don't buy Monero" was fine and funny as an inside joke, but now more and more people are looking into Monero. They won't understand that it's a joke (have seen this exact situation multiple times), and it's in the best interest of the project to kill the joke.
hero member
Activity: 714
Merit: 504
July 20, 2017, 09:16:07 PM
It isn't out of line to suggest it, sure.

You literally just said:-

The suggestion of "retiring" the advice is out of line on that basis.

??

As for retirement of a meme, I'm not really expecting the community to retire anything or a meme to die. Truth be told, this was a bit of advice specifically intended for an individual in anticipation of a situation.

And in regards to strategy.... everything is strategy. No matter whether your skin is financial, personal or political.
legendary
Activity: 2968
Merit: 1198
July 20, 2017, 09:06:42 PM
There is also the good point (credit Febo) that no one has the right to tell anyone else what to say or not say. The suggestion of "retiring" the advice is out of line on that basis.

Sorry but that makes no sense. Everyone has the right to tell anyone else whatever they want.

The suggestion of "retiring" a strategy isn't out of line at all.

It isn't out of line to suggest it, sure. But expecting to 'retire' anything is illogical. There will very likely always be someone who continues to give that advice. It'll never actually be 'retired'.

Furthermore, when and how did it become a "strategy"?
hero member
Activity: 714
Merit: 504
July 20, 2017, 09:00:52 PM
There is also the good point (credit Febo) that no one has the right to tell anyone else what to say or not say. The suggestion of "retiring" the advice is out of line on that basis.

Sorry but that makes no sense. Everyone has the right to tell anyone else whatever they want.

The suggestion of "retiring" a strategy isn't out of line at all.
legendary
Activity: 2968
Merit: 1198
July 20, 2017, 08:45:22 PM
...

So raking in millions of USD from Steem is fine, but you wag your finger at people who want to promote Monero? The Monero Project can't achieve its goals if it remains unknown. If it isn't promoted heavily, it will be marginalized, and shit tier alternatives like Zcash will succeed instead.

So please don't feed us your line of "oh it's morally unacceptable to promote Monero to people because there are risks".

I never told anyone what to do or not do. What I said was, effectively, that telling people (who are not not extreme speculators and most are not) to not buy Monero is often good advice, and people (such as fluffypony) who want to continue to say that are well-justified in doing so.

There is also the good point (credit Febo) that no one has the right to tell anyone else what to say or not say. The suggestion of "retiring" the advice is out of line on that basis.

If you want to shill Monero or anything else, you don't need my permission, nor can I stop you.

Quote
Every investment carries risk, as well as potential rewards proportional to that risk

That's mathematically and logically incorrect, although 'potential' is a kind of meaningless term since it says nothing about how likely that reward is to be a realized. Many trading strategies have high risk but do not have high expected rewards; they are just bad strategies that lose money (or at a minimum risk it without compensation). Occasionally high rewards can be achieved without high risks (for example, my rewards in Steem were achieved while risking essentially nothing). Your understanding of trading is overly simplistic and naive. All the more reason advice from you is likely to be dangerous.

full member
Activity: 138
Merit: 100
July 20, 2017, 08:07:41 PM


One of these things is not like the others..

Love this!
sr. member
Activity: 243
Merit: 250
July 20, 2017, 08:02:48 PM
...

So raking in millions of USD from Steem is fine, but you wag your finger at people who want to promote Monero? The Monero Project can't achieve its goals if it remains unknown. If it isn't promoted heavily, it will be marginalized, and shit tier alternatives like Zcash will succeed instead.

So please don't feed us your line of "oh it's morally unacceptable to promote Monero to people because there are risks". Every investment carries risk, as well as potential rewards proportional to that risk.
legendary
Activity: 2968
Merit: 1198
July 20, 2017, 07:09:21 PM
Smooth has to be one of the biggest hypocrites in this space. Gets wealthy from cryptocurrency, then goes around and chides others for trying to do the same. To boot, he has the audacity to act morally superior about it.

I'm hardly chiding anyone for trading. I've consistently said that people have the right to do whatever they want with their own money. I also agree with tokeweed that a lot of the profit comes from the worse traders and I consider that all fair play: You step into the arena, you get what you deserve.

That's very different from cautioning unprepared non-combatants about stepping into the arena. But ultimately it is up to them (again, people can do what they want with their own money). I'm definitely against 'bans' and such.

BTW, I've made a lot less (and if asked other times, lost a lot less) from crypto than many others, mostly because I've always considered it a form of extreme speculation and limited (though not entirely) my exposure to it.
member
Activity: 108
Merit: 10
July 20, 2017, 06:27:56 PM
what do you think the bitcoin price of monero will be in coming months  Huh
hero member
Activity: 608
Merit: 509
July 20, 2017, 05:33:25 PM



One of these things is not like the others..


LOL that's gotta be stickin' in the craw of all the ZCash boosters, huh...?

I wanna get a t-shirt that says just "...and an unknown amount of Monero" Cheesy

Cheesy

P.S. Couple years ago, FedGov announces takedown of Silk Road and bitcoin spikes.  Today, FedGov announced takedown of AlphaBay... and bitcoin spikes.

Thanks, guys Cheesy
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
July 20, 2017, 05:20:47 PM

Just checked and funds are there now. Not sure when it started working again.
hero member
Activity: 714
Merit: 504
July 20, 2017, 05:04:53 PM
Specifically: As Monero’s promotional dimension moves into the arena of television interviews, we don’t want the host’s last words to be: “You heard it hear folks… Don’t Buy Monero.”

Exactly. It's really just about meme control and ensuring the best message for Monero's long-term survival is in circulation.
hero member
Activity: 714
Merit: 504
July 20, 2017, 05:02:48 PM
You are free to tell anyone you want buy more Monero. But you have zero rights to tell someone to stop saying to people to not buy any Monero.  

You have the freedom to do both. The idea that you have zero rights to tell someone something or anything doesn't really make much sense. You can say whatever you want, more or less.

In turn you are free to disagree or decline. It's entirely up to you.
full member
Activity: 121
Merit: 100
July 20, 2017, 04:08:14 PM
"unknown amount of monero"

And

"Deposits aren't working on main exchange"

Seems to add up to something when combined.

(Yes I am speculating that the main exchange is assisting law enforcement agency(ies))
sr. member
Activity: 243
Merit: 250
July 20, 2017, 02:44:50 PM


One of these things is not like the others..
legendary
Activity: 2744
Merit: 1288
July 20, 2017, 12:52:53 PM

I'm sure he knows that. It was an opinion, not a prohibition. We're all just talking here.

The shorter period of time they have held the more they moan about how their bag hasn't made them rich yet. Let the ICO crowd mentality run back to the scam crowd and yell moon all day. The sooner they learn that this project is real and not some get rich quick scheme the better for all involved.

Do you the price under performing is due to the ICO mania?

People are stupid, who knows. AB down didn't help.

Polo deposits not working.

https://www.reddit.com/r/Monero/comments/6ofbd0/poloniex_xmr_deposits_not_working_again/


I have not tried to deposit or withdraw, but When I go on Poloniex  withdrawal page all is normal to me. There is my address I can deposit.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
July 20, 2017, 12:11:03 PM

I'm sure he knows that. It was an opinion, not a prohibition. We're all just talking here.

The shorter period of time they have held the more they moan about how their bag hasn't made them rich yet. Let the ICO crowd mentality run back to the scam crowd and yell moon all day. The sooner they learn that this project is real and not some get rich quick scheme the better for all involved.

Do you the price under performing is due to the ICO mania?

People are stupid, who knows. AB down didn't help.

Polo deposits not working.

https://www.reddit.com/r/Monero/comments/6ofbd0/poloniex_xmr_deposits_not_working_again/
full member
Activity: 451
Merit: 100
July 20, 2017, 12:02:55 PM

I'm sure he knows that. It was an opinion, not a prohibition. We're all just talking here.

The shorter period of time they have held the more they moan about how their bag hasn't made them rich yet. Let the ICO crowd mentality run back to the scam crowd and yell moon all day. The sooner they learn that this project is real and not some get rich quick scheme the better for all involved.

Do you the price under performing is due to the ICO mania?
full member
Activity: 227
Merit: 100
July 20, 2017, 11:37:43 AM
I agree that "Don't buy Monero" should be put to rest. If we want Monero to succeed, we need to compete for mindshare against every other cryptocurrency. When a news article covers cryptocurrency, you see Bitcoin, Ethereum, Litecoin and maybe Dash get mentioned. We need Monero to be mentioned there, and ideally ahead of Litecoin and Dash. We need to maximize our network effects, and sooner, rather than later. The best way to do that is with a steadily increasing price.


You can put aside whatever you want.   When someone tells you to jump from tallest building in town, you are free to put it aside.  Everyone has rights to say whatever they want. What they think or if they just bluff. If their words have merit, community will trust them. If their words are bluff ofcourse community will laughs with and at them.  

You are free to tell anyone you want buy more Monero. But you have zero rights to tell someone to stop saying to people to not buy any Monero.  

I'd say the point is not to start yelling "BUY, BUY, BUY!!!" but to stop or at least diminish the amount of negative statements regarding purchasing Monero by core team members.  I would hope by this time that we/they would have a certain level of confidence in the quality of the code and yes, there is always a possibility that we find a serious bug but overall, my understanding is that the code quality is excellent, especially when compared to most projects. If it's not up to that level yet, then when could we expect that? What are the criteria we are using to measure that? And, can we or should we prioritize our development to make it more stable before piling more features on top of it?
member
Activity: 112
Merit: 10
July 20, 2017, 10:00:20 AM
HANSA also down....all these markets should switch to monero.....
Jump to: