Post
Topic
Board Altcoin Discussion
Re: Is it possible to destroy Monero (XMR)?
by
rikkejohn
on 09/09/2014, 00:29:12 UTC
Are there any Whales in Monero?

Maybe, but the term is used so readily. Mark Karpeles was a Whale, someone that could affect big markets on a whim (or scam).

Maybe these Whales spoken of today are people with a fair amount of money, but really nothing more than sharks in a big pack.

This thread stays on 4 pages forever. i wonder why?

A whale in Monero would be one with at least 50k XMR, we have about 7-10 such players. Monero differs from some coins in that for the big holders Monero is still a portfolio investment, they have not gotten "rich" via Monero. They were wealthy, and put the required BTC200 and now own Monero. If you are dev-rich, you don't have other wealth and are not a "whale".

Bitcoin is bigger than the players. Monero, at least now, is smaller than many people who are playing it. That makes it interesting.

like  party for greedy people? I guess this is a project for people that made money by doing nothing very much in 2011.