For most folks doing things gradually keeps risk closer to their tolerance.  You don't want to be chasing it up in the FOMO frenzy, so starting to nibble a bit early, and patiently enduring a tolerable drawdown should one occur, means you at least have some skin in if the correction takes you by surprise.  I think we are about half the fundamental PQ=MV price right now, so a correction seems inevitable, eventually, unless the dnm economy suddenly contracts to match.  I allocate a % of powder to limit bids increasing in size all down the book, and a % of disposable income to periodic buys, under such circumstances.  But yeah, the staircase has not confirmedly reversed yet.

Circle's Monero onramp is about the biggest news for the adoption of the currency as I can remember.  And I kinda go back a ways...

I think the price action right now considering this is a real sleeper.  Very typical of XMR.

No worries though.  Price action is fickle and fairly meaningless in the short term... 

That's not really the issue. If people start going on about Aeon too much I squelch that too.

This is a Monero thread and very small coins just aren't relevant to Monero unless it is for some very specific reason (and sharing some of the same code isn't one). Maybe you weren't doing it deliberately but people form all coins are always trying to gain exposure for their favorite coin by injecting into other conversations, particularly conversations involving bigger coins with a larger audience and more investors. To keep this from turning into a shill-fest, its all considered off topic.

You're bordering on blatant promotion here. Come on.

MSR is ranked roughly #600 on coinmarketcap. It could have a great future and if so might become worthwhile to discuss as a direct competitive threat to Monero some day. but until then I have a hard time believing there aren't a good share of 600 others that are more relevant to this thread.

Stolen Bitcoin Tracing - Computerphile

Relaying a post from /r/Monero.  Reminder why optional publicity is important.

Ok so at 3:42 he kinda has it wrong here. They wouldn't loan out 9 billion by using 1 of the 10 billion as reserve. The 10 billion would be the reserve and they would loan out 90 billion.

At 4:33 It's true that if everything works flawlessly they can rehypothecate base money deposits over and over again up to some theoretical limit but that never really happens. Eventually someone withdraws cash and it gets interrupted. That might explain another reason why certain people and groups hate cash so much.

"Inflation is essentially a hidden tax on the public." Kinda. It's more a hidden tax on the subjects of our empire. It hides from the american public that the US empire is an empire by obfuscating the flow of funds. In the past empires would just go to foreign lands and say give us your gold or we'll cut ya. But that is politically untenable in the modern world. So the inflation of the dollar is the means by wich we transfer funds from our subjects to our homeland. If any of our vassal states interrupt this process in any way than we do send the military to fuck them up but the state tells the public that it's for humanitarian reasons. That's how modern empire works.

So then it might occur to you to ask how does inflation transfer funds from vassal states to the US homeland. Other countries are forced to hold USD reserves. As their purchasing power is inflated away they are forced to buy continually more. In order to get more they send us products and resources. Oil is the biggest thing. That's why we have such cheap gas in the us compared to other places and such an abundance of cheap chinese products. So yes some of our purchasing power is inflated away too but the american people are largely the beneficiaries of this also.

With regard to the question of the inability to create non interest bearing money to pay interest on previous debts. The fed has a tool called an "open market operation". The fed doesn't HAVE to buy t-bills with the money that it creates. It doesn't HAVE to buy debt instruments. It can buy what ever it wants. If it buys equities (stocks) for example than it is creating new money to buy an asset not a debt. There is no money owed on this newly created money. In theory this could be used to pay the interest on debt.

Truthiness 7/10. All the stuff about commercial banks rehypothecating money over and over again is true and important. And the fed does buy a lot of t-bills. There probably doesn't exist enough money in the system to pay all the debt, that is probably true. But the fed could create it if it wanted through open market operations. So it's not quite as dire as it makes it sound in some ways. It's right in that it is a giant purposely complex scheme designed to be unintelligible to all but the initiated and rob the world of it's prosperity. I would call it true enough.

Yes I can tie all that to a monero speculation thread. All that nonsense up there is part of why monero is such a great value proposition!

Year ∞.  Which is ∞ years after the heat-death of the universe is posited. As to where, I would suggest the conformal point at  ∞.

Year ∞.  Which is ∞ years after the heat-death of the universe is posited. As to where, I would suggest the conformal point at  ∞.

A. Supply and demand.

B. If the estimated return distribution over time fits your goals better than any alternative allocation, you should not adjust your allocation.

C. Some expected fundamental events in 2018:  

* The everything bubble - stocks, bonds, real estate - stops inflating as China slows or (ZOMG!!) reverses US sovereign bond flows.

* Oil price rises as ROEI declines, dragging hard money prices up with it, and retarding the global productivity curve.

* Crypto correction hits BTC first, later ETH.  BTC snaps back with Lightning.  

* XMR demand rises with improvements to:

1. Ease of use (e.g. native iOS wallet, multisig in core GUI, hardware wallets);

2. access (direct USD exchange);

3. privacy (Kovri);

4. scalability (bullet proofs); and,

5. further market penetration and expanding transaction volume (Globee, DNMs).

* XMR supply drops with increasing difficulty, reduced rewards, rising reserve demand.

But the real wild card is the potential for a hyperinflation crisis in the FX majors.  This becomes much more likely if strategic polarization or nationalism break the central banking quid pro quo balance.  The Chinese bond flow news could be the first big crack in the dam, or not.

I do not believe this.  Retail just has a hard time getting in.  Supply is constrained and demand is high, because this channel allows easy purchase, but accesses limited liquidity.  It is a picture of what will happen when a proper BTC ETF is listed in the U.S. - not some pink sheet closed-end fund which no one wants to touch except for arbitrage.

Bithumb connects directly to your bank account, making it much easier to fund, which increases the supply of fiat relative to crypto.  Also it is limited to Korean nationals by regulations, so any incoming crypto must come from other Koreans.  Since few Koreans have any crypto, the supply is low.

I have opened a bank account in Korea in order to arb this, but I will still need a trusted local Korean national to comply with the new regulations, so I have not yet begun.  There was one full arb cycle performed a few days ago, using bittrex and bithumb, but the spread is back.  The new regulations broke that loop, presumptively.

I presume that Yoonsuh88 is a drive-by troll account.

Resistance at 355 is creaking under pressure as BTC declines.  

nullc 8 points 8 days ago

    But for me as a long term holder, it would just be another blip on the radar.

Or, perhaps, you quietly lose 100% of your position over a period of months while attackers target high value slow moving txouts and move them and cash out long before anyone realizes there is a break.

A second preimage vulnerability would allow forging your signatures... even if you noticed people would just think you and other people complaining got hacked.

This kind of break isn't likely by any means, but it is not outside the bounds of plausibility. You are not immune from cryptographic breaks.

I won't believe this ramp is over until Korean and Japanese buying declines.  But... At these prices it takes 1.12 mmUSD to soak up the total daily mining output, and I don't see any reason for miners to retain returns, except speculation - and miners and speculators are almost non-overlapping sets at these price/difficulty ratios.  The more profitable mining becomes relative to other coins, the more mercenary and short-sighted the marginal miner becomes.  

I think if net flows from East Asia drop below roughly 1.5 mmUSD/diem, then we will top out, and draw down as first levered longs, then overextended broke-ass short-sighted dumb money get shaken out.  It usually drops to near the level of the preceeding ATH - Nov 11th, which is a 50% retracement from our current price - before smart money comes in and puts a floor under the price.  Consolidation, catalyst, creep, climb, and crash.  Rinse, repeat.  As in Bitcoin, so in Monero...until you start hearing about Monero every day on CNBC.  You probably want to sell a substantial fraction at that point.  

Anyhow, I have no easy way to measure Asian money flows right now, so I won't be calling this one.  

https://globalcoinreport.com/heres-why-now-might-be-a-good-time-to-pick-up-some-spectrecoin-xpsec/