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Topic: [XMR] Monero Speculation - page 719. (Read 3314330 times)

sr. member
Activity: 243
Merit: 250
May 24, 2017, 11:10:36 PM
TC, You can't come in here gloating, because we can look at your post history. You turned negative on Monero way before this pump, indicating that you sold at a terrible time. And now you come here trying to reclaim your lost dignity? Yeah, no.
legendary
Activity: 1582
Merit: 1019
011110000110110101110010
May 24, 2017, 11:09:45 PM
I have decided to become the official spokesman for Monero. I will be making a special announcement at 14:00 GMT May 26. I think that you all should sell your XMR off en masse prior to my announcement or you will face impending doom. I have inside top secret intel. Until them my pretties....
legendary
Activity: 2968
Merit: 1198
May 24, 2017, 11:09:26 PM
how are people supposed to trust him when he speaks out about scams.

You're not. Do your own homework. If he makes a claim, verify it yourself.

I agree with some of your points though, like giving ammunition to opponents.

As I said earlier, I don't like the approach. Responding to the absurd hype in the industry, even by mocking it, is being swept up into it in a way.

full member
Activity: 125
Merit: 100
Chief Technology Officer, NYC
May 24, 2017, 11:05:14 PM
Nice pump and dump guys!
When I speak about raking money from you guys, days like these are the very ones I meant.

Right now I am not seeing Monero going up but down.
I hope nobody did margin long Monero, that is pretty much the worst thing to do.

A few days ago I got a lot of hatred, and look what happened to Monero now..?  Grin

Personally I think Monero will recover from this, although it might take some time.

I don't think XMR has ever experienced such a seismic shock like this in all its history. I was just watching Adam Meister's video about it, and he raises the important point that if fluffypony cannot be trusted as a consequence of this one event, then how are people supposed to trust him when he speaks out about scams.

Personally I don't think fluffypony acted like a jerk, or engaged in insider trading. In his mind it probably seemed like a good creative idea of raising an valid issue.

The problem lies in his shortsightedness. It should have been very obvious that:-

1. People would have lost money.
2. Seen from a distance it looks really scammy.
3. People shorting XMR would have propagandised point 2 which leads to even more of point 1.
4. The usual antagonists would have seized upon all points and propagandised them for the purposes of their own projects (desertlynx etc).

I'd like to say this is a storm in a teacup, but frankly this is a completely unnecessary and negative event which will require a lot of ongoing maintenance moving forward.
legendary
Activity: 2968
Merit: 1198
May 24, 2017, 11:03:28 PM
He owes them $100 million.

That is not pretend money.  He intentionally set fire to other peoples money in the name of his ideals.

Sorry, I can't agree. People have to take responsibility for their own trading. You get it wrong, you lose.

If you want safety rails, and an 'everybody wins' mentality, crypto (at least crypto trading) is not for you.

If you didn't try to profit by day trading the announcement (and if you were doing that you realize you were trying fuck someone else out of money right?), then it affected you hardly at all. The price is up significantly from two days ago. Long term holders have nothing to complain about.

sr. member
Activity: 269
Merit: 250
May 24, 2017, 11:01:59 PM
What did Fluffy do exactly?
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
May 24, 2017, 10:59:11 PM

I'm personally still trying to digest all of this and figure out what it means, long term, and FWIW, I HAVE NOT SOLD ANY OF MY XMR (yet?) DUE TO THIS...

But ONE THING is for DAMN sure...

People Are Going To Be Talking About This For YEARS...!  

Crossposted:

The problem is that Monero was gaining stability and being perceived as a non volatile store of wealth and this has shaken that foundation. That i believe is the true disservice that Ricardo has accomplished. Monero has always been above this type of behavior and that is another reason why it has shocked us so much.

My tinfoil hat says he is looking to distance himself and this of course will certainly do that as well as remove him as the face but who can fill that vacuum? I think anyone that does is not going to like the position they find themselves in as I have no doubt TPTB have been making moves and being in the spotlight of the worlds best fungible coin can be (will become|all ready is) a terrifying place to be.
newbie
Activity: 43
Merit: 0
May 24, 2017, 10:54:23 PM
I'm personally still trying to digest all of this and figure out what it means, long term

It means continuing to use the cutesy 'Honeypony' when referring to monero could get you beaten up by a darknet gangster, and your lady raped with a whiskey bottle. Gangsters don't like losing money!
legendary
Activity: 1092
Merit: 1000
May 24, 2017, 10:50:57 PM
Nice pump and dump guys!
When I speak about raking money from you guys, days like these are the very ones I meant.

Right now I am not seeing Monero going up but down.
I hope nobody did margin long Monero, that is pretty much the worst thing to do.

A few days ago I got a lot of hatred, and look what happened to Monero now..?  Grin
member
Activity: 102
Merit: 10
May 24, 2017, 10:50:36 PM
https://www.reddit.com/r/Monero/comments/6d743a/insider_trading_questions/

See, this is how XMR reacts. Look at the reaction of this Gingeropoulos dog.

Monero have lost its reputation tonight. The lack of sense of public relation of the Team isn't helping. Who could have imagined to deal with such f... AMATEURS

PS/ for all the barstood psychologists out there, I haven't buy in the fake pump nor lost a single penny. Actually I was holding a pack of XMR since the 10 dollar mark.
full member
Activity: 121
Merit: 100
May 24, 2017, 10:29:04 PM
Kneejerk reactions of the poor souls undoubtedly considering self-defenestration and the sudden heated urge to plow all my remaining fiat into the market aside, I'm noticing increasingly erratic behavior among very specific people on a recurring basis and am finding myself wondering if they are uniquely correlated to each other beyond the obviously pumpy marketplaces.

Also, has anyone given a feedback on how the meetup went, as opposed to how it didn't?
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
May 24, 2017, 10:21:34 PM
really sad how all this turned around.

how fucked up is that Shocked

im not sure i can and want to contribute to this project anymore.


when we did the gui release, we always tried to keep fronrunning at a minimum and keep it correct, because it would bring shame over all the contributors if there is obvious insider action.

now you invite the twitter idiot whalepanda and friends to short against the most vulnerable monero members, the new noobs that joined just 2017 ?
just to teach them a lesson they would learn by themselfs anyway ?

you put shame over all of us today.

I'm disappointedand kinda start to hope monero stays the fuck hobby project you guys want it to be so badly.


We disagree often but I have to say that I wholeheartedly agree with this sentiment. Smiley
sr. member
Activity: 243
Merit: 250
May 24, 2017, 10:16:47 PM
People would have lost the money anyway once this altcoin bubble bursts. Fluffy just made it happen more quickly, and in a more poignant way.
full member
Activity: 124
Merit: 100
May 24, 2017, 10:15:01 PM
If people weren't greedy , this whole thing would have gone differently. If people would have just waited until they knew what the announcement is about, nobodies finance would have gotten hurt.


That is an absolute "untruth"! I didn't change anything coming up to the "announcement" that I wasn't doing regularly. A bit of swing trading buying dips and selling peaks but miniscule amounts like 100-200 monero at a time.

Maybe in your eyes. For me it is the truth, because I see daytrading as greedy behaviour.

But I hold a fair amount (for me) and the loss of value of my holdings was excessive, like almost a year's salary!

So, how does that not hurt!

If people waited, there wouldn't have been a pump this size and there wouldn't have been a dump this size(most probably). So how would you have lost money?
legendary
Activity: 3122
Merit: 1538
yes
May 24, 2017, 10:13:10 PM
So I guess the internals of Monero suddenly changed by a guy talking anarchy.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
May 24, 2017, 10:11:42 PM
A certain faction of Monero people like to believe that if you don't 'get the joke' then you don't really understand what Monero is all about.

It's bullshit.

It's now the official narrative as retweeted by FluffPonzi "Judging by all the butt hurt on the #XMR hashtag and subreddit I'd say @fluffyponyza just got all the right people out of Monero"

That's indeed horse crap. And ridiculous.
Fluffy shot himself in the foot tonight.


So, who gave him the right to decide who should be here and who shouldn't?  Especially if he is "not a leader in the Monero community" as he states, what right does he have to pull a stunt like this that affects the rest of us?

He owes everyone involved here a sincere apology and a change of heart. So, what did He do back when the main dev for BCN became an Asshole?  He forked the code...

Edit: Formatting...

The morons who evangelized him gave him the right and if you are stupid enough to trade on his word then your the fool.




legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
May 24, 2017, 09:52:31 PM
Also, I guess some Monero programmers get donations in XMR for their time by the community? Bit disrespectful to them unless price restores quickly. Fluffy is already rich so it's easy for him not to be affected.

Agree on the narrow point. But looking at things more broadly...

Do you realize that the Monero price is about where it was before the 'pre-announcement'? Or that Monero has fallen today less than Ripple or Stellar or Zcash?

I'll let iCEBREAKER explain it to you since he does it better, but 'anti fragile' means that if anything fluffypony says or matters all that much, we're doing something wrong. Fortunately, it doesn't.

(And to the extent that this stunt makes what he says or does matter even less, we're doing something right.)

You can try to make the point that the price is still above the pre-announcement levels but, look at the trajectory, have you seen the number of very loyal people just selling their Monero and pledging not to come back?  There are a lot of people that were F'd with today and they won't forget it.

The trajectory is that all coins are getting dumped because there is a decent correlation between alts and USD, so BTC up tends to mean alts down for the most part (long-standing for at least a year or so).

If the value of a coin can be dramatically affected by a prank I doubt it has much value to begin with. That's my view.

Quote
The question has been asked if the rest of the dev team supports this kind of action and if we can expect more leaders shooting themselves and US in the foot?  I think it's an important thing for all of us to know and understand. Speak up developers!

Personally, it wouldn't be something I would do. I think protesting against speculation and hype is actually being too affected by it and I prefer to ignore it all and focus on what I think is important. But that isn't what matters because I'm not fluffypony. I'm sure there are things I would do that he wouldn't.


The value of a coin was just dramatically affected by the most unprofessional prank I have seen in the years I have been following crypto. Riccardo Spagni owes the community an apology. I doubt his words will be given much weight from here on out. This day will not be forgotten easily.

An apology?  Fuck that.

He owes them $100 million.

That is not pretend money.  He intentionally set fire to other peoples money in the name of his ideals.
sr. member
Activity: 453
Merit: 500
hello world
May 24, 2017, 09:52:07 PM
really sad how all this turned arround.

how fucked up is that Shocked

im not sure i can and want to contribute to this project anymore.


when we did the gui release, we always tried to keep fronrunning at a minimum and keep it correct, becasue it would bring shame over all the contributors if there is obvious insider action.

now you invite the twitter idiot whalepanda and friends to short against the most vulnerable monero members, the new noobs that joined just 2017 ?
just to teach them a lesson they would learn by themselfs anyway ?

you put shame over all of us today.

im dissapointed and kinda start to hope monero stays the fuck hobby project you guys want it to be so badly.
full member
Activity: 227
Merit: 100
May 24, 2017, 09:51:44 PM
If people weren't greedy , this whole thing would have gone differently. If people would have just waited until they knew what the announcement is about, nobodies finance would have gotten hurt.


That is an absolute "untruth"! I didn't change anything coming up to the "announcement" that I wasn't doing regularly. A bit of swing trading buying dips and selling peaks but miniscule amounts like 100-200 monero at a time.  But I hold a fair amount (for me) and the loss of value of my holdings was excessive, like almost a year's salary!

So, how does that not hurt!
legendary
Activity: 1806
Merit: 1164
May 24, 2017, 09:47:25 PM
Also, I guess some Monero programmers get donations in XMR for their time by the community? Bit disrespectful to them unless price restores quickly. Fluffy is already rich so it's easy for him not to be affected.

Agree on the narrow point. But looking at things more broadly...

Do you realize that the Monero price is about where it was before the 'pre-announcement'? Or that Monero has fallen today less than Ripple or Stellar or Zcash?

I'll let iCEBREAKER explain it to you since he does it better, but 'anti fragile' means that if anything fluffypony says or matters all that much, we're doing something wrong. Fortunately, it doesn't.

(And to the extent that this stunt makes what he says or does matter even less, we're doing something right.)

You can try to make the point that the price is still above the pre-announcement levels but, look at the trajectory, have you seen the number of very loyal people just selling their Monero and pledging not to come back?  There are a lot of people that were F'd with today and they won't forget it.

The trajectory is that all coins are getting dumped because there is a decent correlation between alts and USD, so BTC up tends to mean alts down for the most part (long-standing for at least a year or so).

If the value of a coin can be dramatically affected by a prank I doubt it has much value to begin with. That's my view.

Quote
The question has been asked if the rest of the dev team supports this kind of action and if we can expect more leaders shooting themselves and US in the foot?  I think it's an important thing for all of us to know and understand. Speak up developers!

Personally, it wouldn't be something I would do. I think protesting against speculation and hype is actually being too affected by it and I prefer to ignore it all and focus on what I think is important. But that isn't what matters because I'm not fluffypony. I'm sure there are things I would do that he wouldn't.


The value of a coin was just dramatically affected by the most unprofessional prank I have seen in the years I have been following crypto. Riccardo Spagni owes the community an apology. I doubt his words will be given much weight from here on out. This day will not be forgotten easily.
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