[XMR] Monero Speculation - page 858.

volyova

legendary

Activity: 910

Merit: 1000

Quote from: kurious on January 24, 2017, 12:48:03 PM

Quote from: sp_skeptic on January 24, 2017, 10:22:26 AM

Quote from: nanobrain on January 24, 2017, 12:56:21 AM

Quote from: smoothie on January 23, 2017, 11:40:19 PM

interesting read:

https://www.baselgovernance.org/news/global-conference-countering-money-laundering-and-digital-currencies

"All countries are advised to consider the creation of the crime of unexplained wealth."

whoa!

"All countries are advised to take action against Digital Currencies Mixers/Tumblers. Such services are designed exclusively to anonymize transactions and to make it impossible for Law Enforcement Agencies to detect and trace suspicious transactions. The existence of such companies should not continue to be tolerated"

Didn't see this discussed. Sounds like an explicit call to outlaw Monero.

It's talking about mixers and companies that run them. Monero is not mentioned, so it's not an explicit threat at all. It's about BTC being laundered through mixers and tumblers. Monero doesn't need them.

The eyebrow raising bit is the suggestion that 'unexplained wealth' should become a crime.

We aren't far off that in some places in the world already - but I suspect this is good for Monero in the long run as Bitcoin is easily followed, Monero not so. Which is why when I lost most of my Monero in a boating accident there was nothing much I, or anyone else in the world could do about it. Or will be able to do about it in the foreseeable future.

How do you lose digital currency in a "boating accident"??

Vivace92

member

Activity: 112

Merit: 10

Monero seems like a nice coin to hold, I believe the performance of these coins will soon improve. one thing that makes me optimistic is marketcap Monero strong enough so hard the speculators monero control prices.

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Quote from: BlackWidow on January 25, 2017, 05:18:06 PM

How much did Bitcoin being used on silk road effect its price rise?

How much of the 30x rise in 2016 was affected by a rise in Monero on the dark web?

Take a look at https://99bitcoins.com/price-chart-history/ looks like between the time Gawker wrote the article on Silk Road and DPR was arrested there was a 13X increase in bitcoin price.

Wired recently published an article noting that only about two percent in sales were in Monero on the one dark web market that accepts it. The speculative pump in September was just that, speculation. It is good news that the price did not plummet back to .005 as it seems the publicity made many people aware of the privacy advantages Monero has over bitcoin and now they desire to hold some. The official GUI helps of course and since twice annual hard forks are normal for Monero there is no division in the community over that issue.

BlackWidow

sr. member

Activity: 658

Merit: 250

How much did Bitcoin being used on silk road effect its price rise?

How much of the 30x rise in 2016 was affected by a rise in Monero on the dark web?

flagel8

full member

Activity: 188

Merit: 100

Quote from: TrueCryptonaire on January 22, 2017, 01:14:30 PM

If I knew I might have bought - but I would have offered only 6 XMR (you know, I am the stingy guy). Tongue

High quality genuine wrist watches are cool but never pay what you are asked to pay.

Well, he's offered an unusual watch now, a stainless steel G-Shock. $150 usd, or 11 Monero. Doubt you can get him to lower the price, as that is already a discount.

http://forums.watchuseek.com/f29/fs-casio-mrg-100-stainless-steel-g-shock-150-usd-eleven-monero-3975762.html

But the main thing is, it is being used as a currency. Let's see if it sells for fiat or crypto. Bets?

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: TMAN on January 25, 2017, 03:31:22 PM

https://www.youtube.com/watch?v=4E3IRQZ7OFs

John McAfee loves monero!!

Those two act like a couple of morons and could have got a decent interview without all the trolling.

Someone with actual skills needs to interview Mcafee about his thoughts on Monero.

Listening to a couple man children for that length of time was painful.

BTW, isn't Aeon testing pruning? I haven't kept up on it.

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

Quote from: TMAN on January 25, 2017, 03:31:22 PM

https://www.youtube.com/watch?v=4E3IRQZ7OFs&feature=youtu.be&t=208

John McAfee loves monero!!

Thanks for sharing. Direct link inserted to the section where Monero is tried to be mentioned for multiple minutes by John (these guys are very annoying interviewers, they like themselves talking better it seems).

John McAfee is a special character, but he damn well understands the importance of privacy.

TMAN

legendary

Activity: 1414

Merit: 1808

Exchange Bitcoin quickly-https://blockchain.com.do

https://www.youtube.com/watch?v=4E3IRQZ7OFs

John McAfee loves monero!!

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: Febo on January 23, 2017, 02:08:21 PM

Quote from: bitcoinvest on January 23, 2017, 01:08:09 PM

it's been about a week now ( maybe more ) that i have missed the news in XMR.

i say i missed because i saw only now that is in 3rd position in poloniex and used to be 1st or 2nd.

So something must be out or something... we have a stable price of ~0.013 but in my opinion this should be double by now...

can somebody with simple words explain what happened ?

Weekends are slow on Poloniex lately. But no matter that Monero had this weekend lowest volume in last 3 months. Bitfinex and Kraken are tiny reasons for it.

We will see what will happen. I think lots of last months volume was because of BTC jumps and falls, where people was jumping from BTC to alts and back daily.

Ha, I never quoted myself yet, but I often talk to myself anyway.

Today might be 5th day in a row when less then 100k XMR will be traded on Poloniex. This had not happen for more then half year. But if you look better you see that all coins volume on Poloniex are low, and when you look at last weeks Monero volume you see Monero was still 4th most traded coin last week. It just show the general trend of little volume in CryptoLand.

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: rinus on January 24, 2017, 02:41:30 PM

Hi guys,

I know this is the speculation thread but maybe u can help me. I'm planning on starting mining Monero. I want to build a rig that works between 4000 and 4500 hash rate. My question to u guys is what is the link between the bblock reward and the actuall Monero Price? If Monero Price goes up, then block reward goes down?

Thx

If price of Monero goes up, then more miners start mining Monero. Since block reward every 2 minutes is same but divided to more mines, then each miner gets less Monero then before. But luckily each of them is more expensive then before. When price decrease, it happens opposite.

Network is all the time approximately same secure. When price is lower and there are less miners the reward for trying to do 51% attack is also smaller.

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: nanobrain on January 25, 2017, 02:19:15 AM

Quote from: TheNewAnon135246 on January 25, 2017, 01:58:56 AM

The fact that Charlie Lee is positive about XMR is a good sign too:

https://twitter.com/SatoshiLite/status/823679389401387009

Imagine what would happen if Coinbase starts supporting XMR Shocked

.

Loving his take on Dash:
"Unfair instamined launch. Semi-centralized master nodes. Weak privacy. Marketing over tech. Not my cup of tea TBH."

ouch

He tells it like it is, which makes his positive take on XMR all the more flattering.

Quote from: iCEBREAKER on January 25, 2017, 03:48:00 AM

I guess that means Coinbase isn't in any hurry to add Dash.... Cheesy

Ha! Nope. I can't understand why Dash isn't fading away - even Bitfinex dropped it in favour of XMR. But then there is so much snake oil out there that seems to keep trundling along...

Eventually as things evolve, there will be a 'blue chip' set of coins and a secondary market of 'also rans' much like stock market listings - probably based upon a market cap cut-off, which in turn will be based upon usage and credibilty, ETF availability etc.

It's pretty brutal as it stands, a de-listing from Polo is death for most coins, but with so many out there, it's a Darwinian struggle.

EDIT: for sense and quote order

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: nanobrain on January 25, 2017, 02:19:15 AM

Quote from: TheNewAnon135246 on January 25, 2017, 01:58:56 AM

The fact that Charlie Lee is positive about XMR is a good sign too:

https://twitter.com/SatoshiLite/status/823679389401387009

Imagine what would happen if Coinbase starts supporting XMR Shocked

.

Loving his take on Dash:
"Unfair instamined launch. Semi-centralized master nodes. Weak privacy. Marketing over tech. Not my cup of tea TBH."

ouch

I guess that means Coinbase isn't in any hurry to add Dash.... Cheesy

nanobrain

legendary

Activity: 1008

Merit: 1000

Dumb broad

Quote from: TheNewAnon135246 on January 25, 2017, 01:58:56 AM

The fact that Charlie Lee is positive about XMR is a good sign too:

https://twitter.com/SatoshiLite/status/823679389401387009

Imagine what would happen if Coinbase starts supporting XMR Shocked

.

Loving his take on Dash:
"Unfair instamined launch. Semi-centralized master nodes. Weak privacy. Marketing over tech. Not my cup of tea TBH."

ouch

TheNewAnon135246

legendary

Activity: 2198

Merit: 1989

฿uy ฿itcoin

The fact that Charlie Lee is positive about XMR is a good sign too:

https://twitter.com/SatoshiLite/status/823679389401387009

Imagine what would happen if Coinbase starts supporting XMR Shocked

.

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: nanobrain on January 24, 2017, 09:57:39 PM

I found this hidden a way in another thread and thought my monero-peeps would be interested: the honeybadger's hash rate has gone crazy over the last month, which is strange considering the direction of the price over the same period.

https://blockchain.info/charts/hash-rate?timespan=30days

Suggests we are due another spike upwards on BTC/USD and what how may that impact on XMR?

Market jittery as no one knows what the volume drop in China will mean. No BTC spike likely with Chinese new Year coming up, either - drifting down (or sideways if we're lucky). This dip doesn't seen to have helped XMR price much. Frankly I have no clue, I was hoping we'd collect a few more friends as BTC looks bearish.

I hope we will spike up once the XMR miner bug is sorted and forgotten. We should breakout in February, traditionally we have Wink

nanobrain

legendary

Activity: 1008

Merit: 1000

Dumb broad

I found this hidden a way in another thread and thought my monero-peeps would be interested: the honeybadger's hash rate has gone crazy over the last month, which is strange considering the direction of the price over the same period.

https://blockchain.info/charts/hash-rate?timespan=30days

Suggests we are due another spike upwards on BTC/USD and what how may that impact on XMR?

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: TrueCryptonaire on January 24, 2017, 02:54:53 PM

Quote from: rinus on January 24, 2017, 02:41:30 PM

Hi guys,

I know this is the speculation thread but maybe u can help me. I'm planning on starting mining Monero. I want to build a rig that works between 4000 and 4500 hash rate. My question to u guys is what is the link between the bblock reward and the actuall Monero Price? If Monero Price goes up, then block reward goes down?

Thx

Trivially there is no link between the price and blockreward.
However, when the block reward goes down it is easier to pump the price to the Moon.

Did you have to use the word 'pump'? This is not a centralised, pump and dump, pre-mined scam. This is Monero.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: rinus on January 24, 2017, 02:41:30 PM

Hi guys,

I know this is the speculation thread but maybe u can help me. I'm planning on starting mining Monero. I want to build a rig that works between 4000 and 4500 hash rate. My question to u guys is what is the link between the bblock reward and the actuall Monero Price? If Monero Price goes up, then block reward goes down?

Thx

Trivially there is no link between the price and blockreward.
However, when the block reward goes down it is easier to pump the price to the Moon.

rinus

sr. member

Activity: 362

Merit: 258

Hi guys,

I know this is the speculation thread but maybe u can help me. I'm planning on starting mining Monero. I want to build a rig that works between 4000 and 4500 hash rate. My question to u guys is what is the link between the bblock reward and the actuall Monero Price? If Monero Price goes up, then block reward goes down?

Thx

volyova

legendary

Activity: 910

Merit: 1000

Quote from: kaicrypzen on January 24, 2017, 01:36:59 PM

Quote from: kurious on January 24, 2017, 12:48:03 PM

Quote from: sp_skeptic on January 24, 2017, 10:22:26 AM

Quote from: nanobrain on January 24, 2017, 12:56:21 AM

Quote from: smoothie on January 23, 2017, 11:40:19 PM

interesting read:

https://www.baselgovernance.org/news/global-conference-countering-money-laundering-and-digital-currencies

"All countries are advised to consider the creation of the crime of unexplained wealth."

whoa!

"All countries are advised to take action against Digital Currencies Mixers/Tumblers. Such services are designed exclusively to anonymize transactions and to make it impossible for Law Enforcement Agencies to detect and trace suspicious transactions. The existence of such companies should not continue to be tolerated"

Didn't see this discussed. Sounds like an explicit call to outlaw Monero.

It's talking about mixers and companies that run them. Monero is not mentioned, so it's not an explicit threat at all. It's about BTC being laundered through mixers and tumblers. Monero doesn't need them.

They seem to consider the real threat being anonymous transactions and not mixers neither tumblers per se. Monero, being anonymous, will consequently also be considered a threat, and if mixers/tumblers are targeted, Monero will probably be too at some point.

Agree. I expect Monero will be catching a lot of "heat" in the next few years. It'll be good. It'll take the pressure off Bitcoin.

Topic: [XMR] Monero Speculation - page 858. (Read 3314350 times)