Quote from: bassclef on August 18, 2015, 06:43:01 PM

Quote from: klee on August 18, 2015, 06:23:58 PM

What went wrong there?

He was pimping Monero for a long time and had (has?) a huge stake in it. Last I saw he was working on Cryptokingdom, an RPG with a built in altcoin. It just annoys me seeing smart and charismatic people use their talent to take money from the gullible, but I suppose the world works like that on many levels--they should just be run for office and be done with it Wink

Just remember he is my friend and I was arguing with him all the way down from $700 or so, asking him to please stop hand holding newbies and that he would be wrong about the price direction over the near-term. He is doing his own thing with Crypto Kingdom now and apparently a $500,000 market cap already for a game even with a declining Monero price, so perhaps that is an accomplishment (I dunno because I am not studying it).

We are clearly in a crash mode still for BTC. Yes it could rally back up to $325 near-term, but no later than Spring 2016 the price will go below $150 again.

I sold all BTC to fiat at $315. I have not repurchased.

If he invests in my coin, I will plead with him to offer words of support, but not too strongly lead people. Simply state his reasons for supporting it and also make sure he explains it is only a very small % of his portfolio, so users should not be risking what they can't afford to lose. As for a governance role for him, I'll let the others in the community decide.

Monero has been caught in this downtrend since the peak in late 2013. And unfortunately for Monero my coin will likely be superior to it, and hopefully released before the next upwave in crypto (if implementation gets done). I don't wish poor results on Monero. Hopefully it will also get an updraft in buying along with all coins after Spring 2016.