Re: [XMR] Monero Speculation

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.

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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.