Why would it see a Moneroesque rise in price?

I have tried the beta WAVES platform and it is a bit clumsy to me. There really should be a readily customisable pair trade column on the left. The righthand columns which deal with unit price, unit number and conversion price is confusing. There is no clear USD reference point. Call me old skool, but USDT reference point helps when the price of each crypto is so volatile, more than 5% it takes quite a bit of experience to trade efficiently.

Waves is stagnant and demoted to number 33-34 on CMC. It was 20, full of promise.

I hope it goes up, but with so much exciting action elsewhere, it may be better to cut and run.

bottom line - you could almost throw a dart randomly at the top 100 coins at the time of Chronologic ICO and make a ton of money.

as for Chronologic:

At the time of release I see 1 ETH = 24 DAY

At this time, 1 ETH = $1068 (per CMC) and 1 DAY = $2.54

Let us now compare the difference using the above figures: At ICO- 1 DAY = 0.041667 ETH

Now: 1 DAY = 0.002378

So, the difference in price is 0.041667/0.002378, ie 17.5x

Ie, by this calculation, worth of 1 DAY is just 1/17.5, which is just 0.057% of the price at ICO, if instead of buying DAY, ETH was simply hold'ld.

 

this

and - if tokens are sold, if I understand this, the mint proportionately makes less. This must really stink for time mint holders if true - if they sell all their coin the mint is worthless as it supposedly stops minting.

there is no incentive to sell from this perspective and given the illiquidity, what would be the incentive to purchase?

it seems even worse - if it takes 8888 tokens to sell a time mint, where on earth do you get that amount? Worse, then assuming you get the lot, who are you going to sell it to?

 

so, assuming that addresses represent unique entities, then roughly 20 entities are in a position to sell off their TM or very close to it

I guess the big question is why this was dumped so hard and who did the dumping - was it simply a case of illiquidity driving the price down?

answer may well be resolvable in further analysis of the 9000 or so transactions so far

as DAY is an ERC20 token, transactions can be seen as follows:
https://etherscan.io/token/0xE814aeE960a85208C3dB542C53E7D4a6C8D5f60F

If you don't want to click the link, in a nutshell, there are 3254 addresses of which there are to date 9288 transfers.

If you accept that it requires 8888 DAY to sell a timemint, then sorting by holder there are just 18 that have 8888 or over and two more addresses in close striking distance.

There are just about 50 address with above 5000 DAY as of this time.

The top 150 accounts have above 1000 DAY

The Top 100 holders collectively own 87.80% (740,370.73 Tokens) of DAY

Tokens Total Supply: 843,212.06

go to coinmarketcap, look at the graph. About $2.50, down from 10 dollars at launch.

then, go to the markets tab. There is only a tad over $1500 of DAY traded for the last 24 hours. I reckon I could set up a shitcoin and get a better 24 hour trade than that! 

Here's my opinion:

The time mints were set up in such a way that buyers are stuck with them unless stuffing them with an impossibly high number of DAY tokens, which cannot be bought on market for almost any price. Also, if the day tokens are sold, less will be minted next time round.

What that means is it is in reality extremely hard to impossible to sell the time mint, the time mint becomes worthless if the DAY tokens are sold on market and the DAY tokens already are circa 75% down in value from first minting.

To me, it looks like this was designed to be difficult to exit I (at least the time mint), with no reward for investors evident, or do I have this wrong?

There is also no use case on offer at this time to my understanding, other than what suspiciously looks like a future intent to use them to loan out to "businesses"

Worse, there is almost no retail market for DAY at this time, almost illiquid on Etherdelta. Coinmarket cap has just livecoin and ED trading it, with about $1500 worth traded in the last 24 hours. Yes, you read that right!  

Even worse still, from what I can see, Etherdelta was sold to a bunch of Chinese recently and the site was compromised right around the transfer time of the business, ending in people being phished and losing their coins. That's where the bulk of the tiny volume of trade takes place as of the moment from what I can see.

I am not sure what the future holds for DAY holders. I hope for all who ploughed in some ETH there will be a big turnaround for the better.

Someone called me out for a "fuddy" comment. I can only say, what part of about 75 percent loss is fear, uncertainty or doubt? It's a bald fact.

chart looks really ugly, no point sugar coating it
you could see it break down and now it could well sharply fall
not sowing FUD here, but it doesn’t look pretty

my view is that maybe enough people have looked at the trading platform and decided it isn’t offering anything that special

is etherdelta all that different at the end of the day?

I would not recommend buying now, as it looks like a capitulation event in evolution

the answer to what question?

 

beta trading platform client 1.0 was released to the public on 13 December

available to view at wavesplatform.com

WAVES is presently 18th largest cryptocurrency by marketcap, over 1billion USD. You can confirm this on coinmarketcap.com

total number of wallets so far is not much more than 150,000

platform advantages:
low trading fees, just 0.001 waves, which trade for about 14USD, ie fee is just 1.4 us cents.
also, it is a decentralised exchange (DEX), so your tokens are kept on your device
also WAVES-NG is expected to have transaction capacity of around 6000 per minute
you can issue your own digital assets if you wish

I found the pairing a bit clunky and not intuitive (so far) and the charting a bit buggy compared to bittrex

needs a little more work but this is, I believe, the first major attempt at a DEX

there are one billion WAVES tokens. Will have to road test! 

have you seen Waves’ new decentralized exchange (DEX). Beta version made public on 13 December.

wavesplatform.com

have a look. Transaction cost lower, just 0.001 Waves. Also as the exchange is decentralized, your tokens are kept on your device.

It is so new that only about 153,000 wallets exist.

The platform still does need a little improvement to make it friendly for the herd.
, I think. I will keep looking at it.

go to coinmarketcap, then type in TRON in the “search currencies” section, then click on the Markets link, then you will have a menu of choices of exchanges to go to.

I am interested in this, particularly after reading the Forbes article. The founder of TRON was a significant player in setting up Ripple’s early financing.

Markets for the Tron platform and payment system include online gambling, gaming, social media. Sir Tim Berners-Lee, inventor of the World Wide Web is cited in the white paper, which has a nice libertarian streak, I thought.

Tron is an attempt to counter the gatekeping centralisation of the internet by mega coorporations, in particular ownership of content and gatekeeper’s control of content and price-setting mechanism, from what I understand.

This may turn out to be very popular in Asia.

I also like the price right now, under 2 cents US per Tronix. Lots of room for serious doublings and exponential price action.

that’s right

I pulled out of Monaco and MEME the other day, scared off by FUD. Both went up almost 100% afterwards. Fortunately, I bought Waves and LTC.

Even today I sold off ETH a little early.

You say you are disappointed with yourself. You know something wise I read yesterday, “Life is a contest with oneself not others”

So true.

imo it is so new that legislation is running behind. Legislation is the usual means of control. The law is, as Bastiat concisely said, “legislated force”. If the law fails, then it is back to good old fashioned grift and violence.

If they can’t mooch the golden eggs, they will roast the golden goose for dinner.

Also, right now, clearly money is pouring into cryptos and it is a new frontier. We know this even here, as there are many posters from all over the world who hope to create a new situation of wealth for themselves and their families.

This is truly a new development.

Governments will have to be advised by people that understand what is happening and that requires a set of new skills. Government just isn’t in a situation to adapt that quicky.

Bitcoin is only the beginning, but given its historical role, also as entrepot to other cryptos, especially given time to confirmation, it is going to continue to rise. It is more like gold, old money, even though it is not even ten years old.

Governments care not much about this sort of thing, as long as they get their cut.

What is really interesting is bitcoin was created as government and banking elites prepared themselves to go fully digital and make all depositors become unsecured creditors to fiat banks, ie directly steal from depositors! As if debt and inflation was not eniugh, they are so greedy!

A truly anonymous, decentralised, low to no fee model of exchange is an obvious choice to confront them with, but we are not quite there yet. For now, we live in a remarkable historical moment.

I loved cycling in the balinese countryside. Also, Balinese people are very friendly and the warung food is very tasty.

I would like to visit other parts of Indonesia next time.

South East Asia is one of my favourite places.

this is not enough. You missed out the genetics of intelligence and if we are honest, we see the evidence of natural limitations in others and ourselves. Some people are less intelligent and therefore, even now, achieve less than more advanced cultures, in most modern countries, maybe all of them, no matter what we do.

It is wrong to ignore this reality. Some people are poor even if you feed them, give them healthcare, education, money etc. It does not matter.

It is much like seeing children in adult bodies.

that’s pretty lowball

go Russian Toadskis! 

hoping this will not be a steaming shitcoin

every dog has its day

I guess you may be saying that inactivity is indicative of a scam. It’s not much to hang on to, in the face of losses, which worsen by the DAY