Quote from: americanpegasus on March 27, 2016, 12:45:23 AM

Quote from: inca on March 27, 2016, 12:22:46 AM

What are you doing with your 440,000 aeon stash? Why are you not market making or pushing the market around in that smaller paddling pool?

I could do that. It would be easy. I could take that sum and bully down the bids mercilessly and put up bully walls to incite panic, and then buy back cheaper. I estimate if I did it skillfully I could probably turn those 400k Aeon into 500k.

But I won't do that. I will hold those Aeon hard, and continue supporting the community as we go. It's about more than money for me, and I want people to know that though I am heavily invested in Aeon, I'm not some bully whale who wants to profit off their backs. I made a loud declaration of support for the Aeon blockchain, backed it up with an acquisition, and now will simply hold the spot. If/when Aeon moves to Poloniex and there exists an XMR/AEON pair I will provide some liquidity for this, but only as a service to the community with little expectation of profit.

Besides, I noticed upon looking at risto's 'bitcoin rich list' (https://bitcointalk.org/index.php?topic=321265.0) that no known holder of Bitcoin ever held more than 400k-ish of Bitcoin (aside from Satoshi himself). Some of these people were legendary computer scientists and I feel that it would be foolish for me to ignore their historical precedent. For some reason, of an asset with approximately 18 to 21 million total tokens, no single entity no matter how rich has ever publicly controlled greater than 400k. That's good enough for me.

I suspect Monero should be the same (though we would honestly never know). No single entity should probably seek to control over 400k XMR for long term saving either. Personally I have significantly less than that at the present, so hell yes I will fight tooth and nail for every single one I can get my hands on, but I wouldn't seek to overdo it.

But what do I know - I'm just some guy, not an oracle.

I meant using the 440k stash to support the price. I am fairly sure the reason there has always been an heavily weighted long:short ratio on finex for btc is because miners use their coins as long collateral.

You could do the same. If you are sufficiently large as a whale then you can move the market upwards with little or no fear of a bigger whale dumping on you. Timed around key technical landmarks for the coin and you can directly help to upsize the market cap.