But here in the SPECULATION thread I do not see much speculation as to what this means price wise for Monero. I can't really figure it out myself. So many moving parts... So far there's been a little drop in price. I imagine Jihan want's to revenge sell... and he might have a warchest to do that with, though I doubt he kept more than he sold. Then there are the forks. Not a direct relationship, but related at least.
What do you guys think. Way less hashpower hitting the network, yet so much more decentralized. Web miners suddenly more profitable.
I think ASIC resistance is a positive thing for the project... but what does this do to the price?
What do you guys think. Way less hashpower hitting the network, yet so much more decentralized. Web miners suddenly more profitable.
I think ASIC resistance is a positive thing for the project... but what does this do to the price?
It is hard to fight the overall negative trend the crypto markets, especially for a coin like XMR which is very much a true crypto currency, and not some ICO project that is claiming to revolutionize online dating/storage/dentists/etc. For XMR, if money is flowing out of crypto we're probably losing value. Perhaps we decline less.
I would like to know what your thoughts on the git question you had posed now that we see the hash results? Are you happy with the result or would you still make an argument for ASICs in the future? I'm looking forward to a analysis of the hashrate as it progresses and a comprehensive aggregate of the probabilities of which percentage was indeed botnets as I expect they should be continuing to migrate back to the dominate chain (By which I mean the DEV supported chain).
I'd also like to congratulate you and all the Devs on a job well done.
@Price Speculations:
AFA price well thats just a can of worms that only the whales, of which there are far less crypto kings now and far more futures traders and hedgefunds, really know which way they will push this largely still unregulated market of which Monero is still just a small segment of. Monero's price seems to be pegged closer to BTC than it was before the wallstreeters jumped onboard and that has to be taken into account. We were seeing a nice split from BTC where as now it seems they are linked far more tightly and I would take a wild stab at that being the case because many people have portfolios that are carying may coins and not changing those percentages at all.
As usual these are all just complete speculations on my part and I use a crystal ball that is my brain and will not bother to aggregate any type of data to back these statements up so take them for what you paid for them.
Well, at this point I'm just waiting for all the fallout to settle. Looks like we are now up to 5 Moneros and counting -
https://bitcoinmagazine.com/articles/monero-just-hard-forked-and-it-resulted-four-new-projects/
I will be watching exchange support for all these coins very closely.
https://bitcoinmagazine.com/articles/monero-just-hard-forked-and-it-resulted-four-new-projects/
I will be watching exchange support for all these coins very closely.
I'll probably just ignore all the new forks, I doubt they will end up as anything big. In fact, I'm pretty sure they'll all end up like Litecoin Cash.
Hey, I still have some LitecoinX on polo from 2014 or 15 I think, it's actually pretty funny seeing old greyed out delisted shit coins. It reminds me of Craptsy, coinmarket.io, CoinEX and the slew of others that went to the wayside mostly with alot of idiots funds.
BTW, I lost my phrase for NOXT so those are lost in time as well, too bad I originally had high hopes for that one. It really sucks that Rofo got screwed on Noble to the botnet scumbags, thats one reason I'd rather see them mining Monero instead of attacking weak chains of promising projects.