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Topic: [XMR] rpietila Monero Economics thread - page 2. (Read 70088 times)

legendary
Activity: 2380
Merit: 1085
Money often costs too much.
April 09, 2015, 11:44:41 AM
As you quoted, this is based on a completely desktop-statistical methodology relying on the assumptions that XMR distribution is a market phenomenon. For pre/insta/nonmineable coins this is not at all true. I believe it is true for XMR since I know its history.

Top 3 miningpools should be able to estimate number of wallets beeing in existance, seen Dwarf made a good job employing cookies to group miner's wallets, if they take network hashrate in relation to their own rate that gives you total number of miner's wallets.
Somehow this intersects with probably more precise numbers obtainable from inside Poloniex. Uncertainity on who is separating the mining from trading remains. But pure hodler who mine to not sell now (or tomorrow), are a very rare species. Their wallets would appear as beeing single additional entities.
At least there you get people with short time involvement added, who never bothered to even install the software. Unkommon behavier if you compare with cryptocoin involvement motivations, those count for probable new adopters.

Your completely desktop-statistical methodology relies on some inputs which are precisely known, like coins in existance. Number of wallets would add solidity to these data. I believe if one knows market dynamics, total supply, and number people involved this models reality with some decent accuracy.
donator
Activity: 1722
Merit: 1036
April 09, 2015, 08:28:39 AM
Code:
			25130	7314743
b_min b_max b_avg #owners XMRtot
367002 734003 519019 1 519019
183501 367002 259509 2 519019
91750 183501 129755 4 519019
45875 91750 64877 8 519019
22938 45875 32439 16 519019
11469 22938 16219 32 519019
5734 11469 8110 64 519019
2867 5734 4055 128 519019
1434 2867 2027 256 519019
717 1434 1014 512 519019
358 717 507 1126 570921
179 358 253 2253 570921
90 179 127 3604 456736
45 90 63 4686 296879
22 45 32 4686 148439
11 22 16 3604 57092
6 11 8 2253 17841
3 6 4 1126 4460
1 3 2 512 1014
0 1 1 256 253

As you quoted, this is based on a completely desktop-statistical methodology relying on the assumptions that XMR distribution is a market phenomenon. For pre/insta/nonmineable coins this is not at all true. I believe it is true for XMR since I know its history.

full member
Activity: 186
Merit: 100
Monero
April 08, 2015, 05:19:11 PM
legendary
Activity: 2968
Merit: 1198
March 11, 2015, 12:15:52 PM
Code:
148,9 146,0 144,7 147,8 146,4 145,7 147,6 41,9 83,8 59,0 54,7 48,5 44,8 46,3
SUN MON TUE WED THU FRI SAT SUN MON TUE WED THU FRI SAT

For the last 140 days, Monero average price (ksat) and average volume (kXMR) in Poloniex, by weekday.

Results do not show statistically significant variance in price by weekday, but do show that the average volume on Mondays is far higher (83.8k XMR) than in any of the other weekdays (41.9-59.0k XMR).



Missives related moviments ?

Good thinking! I was somewhat puzzled by that statistic, but I guess missives (and even trading in anticipation of missives) could very well be part of it.

Funny that it does not correspond to any divergence of the price Smiley

I wonder about volatility over the course of the day though. But I don't wonder enough to actually calculate it Smiley
donator
Activity: 1722
Merit: 1036
March 11, 2015, 11:56:37 AM
LMAO a little louder now, yes?  Anonymous joker gave up at least 75BTC to us bulls.

Anonymous jokers never had 50k to begin with. The guy was a miner, he needed the money and would have sold anyway.

Making the video gave him some good laughs when compiling it. But I don't believe he lost anything since he did not sell for the video.

He probably soon has the stash replenished and needs to consider the prudent course of action.  Wink

I am not downplaying the legendary timing of the video and am grateful of the nice pic in it  Cheesy
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
March 11, 2015, 11:42:31 AM
Hmm... if only I had time to present them, I have many nice charts Smiley
Who is dumping all this xmr, I sold only 5000 xmr to take the price down to .00161. Will hold or buy more to my stash if the price falls below .0013 but we'll see. Let's see some graphs Risto.

I guess you missed this -> https://vid.me/ima7

LMAO

LMAO a little louder now, yes?  Anonymous joker gave up at least 75BTC to us bulls.
donator
Activity: 1722
Merit: 1036
March 11, 2015, 11:17:21 AM
Code:
148,9 146,0 144,7 147,8 146,4 145,7 147,6 41,9 83,8 59,0 54,7 48,5 44,8 46,3
SUN MON TUE WED THU FRI SAT SUN MON TUE WED THU FRI SAT

For the last 140 days, Monero average price (ksat) and average volume (kXMR) in Poloniex, by weekday.

Results do not show statistically significant variance in price by weekday, but do show that the average volume on Mondays is far higher (83.8k XMR) than in any of the other weekdays (41.9-59.0k XMR).



Missives related moviments ?

Good thinking! I was somewhat puzzled by that statistic, but I guess missives (and even trading in anticipation of missives) could very well be part of it.

Funny that it does not correspond to any divergence of the price Smiley
legendary
Activity: 2968
Merit: 1198
March 11, 2015, 10:55:44 AM
Code:
148,9 146,0 144,7 147,8 146,4 145,7 147,6 41,9 83,8 59,0 54,7 48,5 44,8 46,3
SUN MON TUE WED THU FRI SAT SUN MON TUE WED THU FRI SAT

For the last 140 days, Monero average price (ksat) and average volume (kXMR) in Poloniex, by weekday.

Results do not show statistically significant variance in price by weekday, but do show that the average volume on Mondays is far higher (83.8k XMR) than in any of the other weekdays (41.9-59.0k XMR).



Missives related moviments ?

Good thinking! I was somewhat puzzled by that statistic, but I guess missives (and even trading in anticipation of missives) could very well be part of it.
member
Activity: 95
Merit: 10
March 11, 2015, 04:59:32 AM
Code:
148,9 146,0 144,7 147,8 146,4 145,7 147,6 41,9 83,8 59,0 54,7 48,5 44,8 46,3
SUN MON TUE WED THU FRI SAT SUN MON TUE WED THU FRI SAT

For the last 140 days, Monero average price (ksat) and average volume (kXMR) in Poloniex, by weekday.

Results do not show statistically significant variance in price by weekday, but do show that the average volume on Mondays is far higher (83.8k XMR) than in any of the other weekdays (41.9-59.0k XMR).



Missives related moviments ?
legendary
Activity: 1834
Merit: 1019
March 11, 2015, 03:52:15 AM
Can you please update the output to reflect the number of moneroj outstanding currently, preferably keeping the same number of holders?
donator
Activity: 1722
Merit: 1036
March 04, 2015, 03:41:23 PM
Code:
148,9 146,0 144,7 147,8 146,4 145,7 147,6 41,9 83,8 59,0 54,7 48,5 44,8 46,3
SUN MON TUE WED THU FRI SAT SUN MON TUE WED THU FRI SAT

For the last 140 days, Monero average price (ksat) and average volume (kXMR) in Poloniex, by weekday.

Results do not show statistically significant variance in price by weekday, but do show that the average volume on Mondays is far higher (83.8k XMR) than in any of the other weekdays (41.9-59.0k XMR).

legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
March 02, 2015, 06:09:13 PM
Hmm... if only I had time to present them, I have many nice charts Smiley
Who is dumping all this xmr, I sold only 5000 xmr to take the price down to .00161. Will hold or buy more to my stash if the price falls below .0013 but we'll see. Let's see some graphs Risto.

I guess you missed this -> https://vid.me/ima7

LMAO

That's a very swanky suit you're wearing there,,,
legendary
Activity: 2268
Merit: 1141
March 02, 2015, 02:50:56 PM
Hmm... if only I had time to present them, I have many nice charts Smiley
Who is dumping all this xmr, I sold only 5000 xmr to take the price down to .00161. Will hold or buy more to my stash if the price falls below .0013 but we'll see. Let's see some graphs Risto.

I guess you missed this -> https://vid.me/ima7
member
Activity: 69
Merit: 10
March 02, 2015, 02:35:43 PM
Hmm... if only I had time to present them, I have many nice charts Smiley
Who is dumping all this xmr, I sold only 5000 xmr to take the price down to .00161. Will hold or buy more to my stash if the price falls below .0013 but we'll see. Let's see some graphs Risto.
legendary
Activity: 1456
Merit: 1000
March 01, 2015, 08:20:30 AM
Yeah Risto lets see the charts please.

Hmm... if only I had time to present them, I have many nice charts Smiley
full member
Activity: 231
Merit: 100
March 01, 2015, 05:16:59 AM
Hmm... if only I had time to present them, I have many nice charts Smiley

PM 'em to me, or some data to me and I'll see what I can do (no promise) over the next few days?
donator
Activity: 1722
Merit: 1036
March 01, 2015, 03:42:30 AM
Hmm... if only I had time to present them, I have many nice charts Smiley
legendary
Activity: 1456
Merit: 1000
February 28, 2015, 07:27:21 PM
You can lead a horse to water but you cant make him drink.

In the shorter term, even if you can coerce somebody to buy, chances are that he is clueless about what the value is, and sells way too early, no matter at a profit or at a loss. Professional Venture Capitalists never sell prematurely. They only EXIT, which is defined as selling the investment at its full and realized value. They take the risk of variance in returns, and get rewarded handsomely. So should you.

Don't worry about who you convince and who you don't convince. Everyone makes their own choices and must take responsibility for their own choices.
Betting on a 90% chance of losing everything with a 10% chance of becoming freed from debt-slavery is a very easy decision for me, though it seems hard for others. Because I believe I can make that bet 20 times before I die.
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
February 24, 2015, 07:58:24 AM
In the shorter term, even if you can coerce somebody to buy, chances are that he is clueless about what the value is, and sells way too early, no matter at a profit or at a loss. Professional Venture Capitalists never sell prematurely. They only EXIT, which is defined as selling the investment at its full and realized value. They take the risk of variance in returns, and get rewarded handsomely. So should you.

Don't worry about who you convince and who you don't convince. Everyone makes their own choices and must take responsibility for their own choices.
Betting on a 90% chance of losing everything with a 10% chance of becoming freed from debt-slavery is a very easy decision for me, though it seems hard for others. Because I believe I can make that bet 20 times before I die.
donator
Activity: 1722
Merit: 1036
February 24, 2015, 05:50:33 AM
Hello guys! Smiley

I took an hour to read the thread from beginning to end, as I was thinking what platform to use as the high-quality high-SNR medium of talking about Monero.

It was funny to find that I've been preaching essentially the same things ever since the beginning, with of course more information coming and changing the tone of voice and focus to different things.

Just today, I made the appearance to the Polo trollbox as HM_The_King (a tribute to my character in Crypto Kingdom) and told that the failure of Monero is in my estimation 75% certain and significant gain happens at 15% probability (10% being a wash) in 5 years' timeframe. And that due to these numbers, XMR is the best investment I have ever encountered in my life.

My thinking has not changed, this aspect is visible in my earlier writings, just more pronounced in the more recent ones. I think it is especially important to open this up when promoting XMR as investment, because:

- In the longer term, people who have no concept of the VC investment strategy, end up blaming you if the investment goes bust (and it's depressing to be blamed most of the time, since most of these investments do go bust - 70% is a typical VC total_loss rate). Yet they attribute all gains to their own foresight.

- In the shorter term, even if you can coerce somebody to buy, chances are that he is clueless about what the value is, and sells way too early, no matter at a profit or at a loss. Professional Venture Capitalists never sell prematurely. They only EXIT, which is defined as selling the investment at its full and realized value. They take the risk of variance in returns, and get rewarded handsomely. So should you.
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