Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts
Ive been monitoring the network hashrate and many other things very closely, and the time has come where we are going to provide an update to everyone in the next 36 hours or less.
The Dero team will do our best to provide some clarity and transparency about what the development team has been up to, an update about where were headed, and how we plan to tackle the problem.
The Dero team will do our best to provide some clarity and transparency about what the development team has been up to, an update about where were headed, and how we plan to tackle the problem.
So, a network hashrate exceeding 35 MH/s and price cratering to ~$0.36US got your attention, eh? Well, this announcement ought to be interesting...
EDIT - I did manage to snag about 300 DERO before price rebounded. Thanks, suckas, for the cheap coinz.
I tried to take advantage too, but the ever reliable Stocks.Exchange managed to lose two XMR deposits for almost a week. They got it sorted out this morning about half a day too late to pick up some cheap DERO. Sigh.
Having said that, if you take the long term view that DERO is headed to a price in the triple digits (USD) then the difference between $0.35 and $0.50 is trivial.
Looking forward to the announcement. Hopefully it's an ASIC killer and we can get back to mining.
Regarding the small absolute difference in price now between $0.35 and $0.50, it depends on your approach. It's still a big percentage difference. Let's suppose we have $100 to invest. That would buy 285 coins at the lower of these two prices, and 200 at the higher price of $0.50. Fast forward to a hypothetical time when the coins are worth $100, and the difference is not trivial at all. The small differences in price now magnify out.
It is only trivial if your aim is to acquire a certain number of coins within a certain time window (say the next month or whatever) and you will buy that number at whatever the price happens to be. The cost difference now it won't make any difference a few years down the line when the price has increased substantially.
But how many people are investing using the second approach? Speaking for myself, I have a certain amount to invest, and I am trying to do it as wisely as possible. I bet that is most people's approach in fact. Anyway, for myself these small differences that are big in percentage terms do matter but I try not to be sad about them... there is more to life isn't there?