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shortwavesurfer2009
465eb13404d7219cd91c2b4a8a7e308ad4e09bc1298dc08c5eec852e9bf5da09
#Monero using #libertarian who loves computer networking, distributed systems, privacy tech, and testing beta software. I may not be a pro, but I can file a mean bug report. Donate Monero (XMR): https://kuno.anne.media/fundraiser/zzn3/ Annual Expenses: 59 XMR 42WimCbGoy5SVZfkr5YdwtAg9jvpxFfNXfBjM2CJAUZC9JNAKZ34hF6a35HJNXWyw1ctxhSKp4MjfgR3uT8Eneq4GCwtqTs https://smp15.simplex.im/a#P99yLk0Wm9o1qks_M4uuf5cTqz8mua9QhyaByz2gIR8

That last point is the one to really emphasize if the encryption algorithms protecting Monero get cracked, then we've also got to worry about fundamental things such as, oh, I don't know, HTTPS.

Replying to Avatar Lyn Alden

GM.

I'm bullish on bitcoin, and I think a lot of people overthink it.

One of my favorite metrics is the market value vs realized value ratio. The realized value is basically just the on-chain cost basis. The value of UTXOs at the dollar price during which they last moved between wallets, which often means the time people pulled them from exchanges or deposited them to exchanges.

A relatively small amount of marginal buying can push up the market value by a lot. Like how if you buy one house on a street, it can boost the estimated price of all houses on that street even though only one of them traded hands. But when market value becomes stretched relative to cost basis, it means that part of the market value is kind of illusory. We don't *really* know what houses on that street are worth if only one of them traded hands recently and thus liquidity was low. Over time, as more houses on that street trade hands and we have more price points, the estimated value of the street becomes more real. The same thing for bitcoin; as more bitcoin trades hands at certain levels, it starts to make that level "real" compared to how real we should consider it when it just touches a certain level for a little while with limited volume.

Right now, bitcoin is at an all-time high in its realized price, i.e. cost basis.

Back when bitcoin was poking over $60k in April 2021, the cost basis for the network was only about $350 billion. Now, at the same market price, the cost basis approaches $650 billion, or more than twice as high. The marginal bitcoin has traded hands and moved between wallets at much higher prices than years ago, even though the market price is about the same. In other words, these levels have been truly liquid and been consummated by the market more than they were back in 2021, and thus the price is more robust at this level than back then.

The launch of the spot ETFs pulled forward some excitement this year, and so we've been in this big consolidation since March. But even in that time period from March to the present, the on-chain cost basis increased from like $520 billion to $640 billion, and so price discovery and progress is being made despite the ongoing price chop.

As the network builds a bigger and more solid base like it has been doing, it can set the stage for the next major breakout. The network looks healthy to me.

explains why Monero does such a great job staying at $150 US per coin on average. The market has just decided over time that Monero is worth that much and is still sticking with that.

My only question would be with the centralized escrow system. Why use something like that when XMR Bazaar has a decentralized escrow, although it does use local JavaScript, admittedly. With a centralized escrow system, you are the one holding the money and could run away with it.

Don't tell me what to do, primarily because I can't, because I'm already following them, so I can't follow them again.

I feel a little dumb for having to ask this and I think it shows the society we've grown up in to our detriment.

How does a business grow in the sort of parallel economy we envision? At least at the beginning, we as individuals only have so many fiat notes with which to purchase items and sell for Monero in the parallel economy before we run out of fiat. We obviously can't take fiat loans because our business completely destroys fiat with no hope of returning. We cannot borrow in Monero because we still would not have fiat to purchase more items with.

For those who will most definitely ask because apparently OP forgot to mention what it is. This is Mysu.

https://codeberg.org/anoncontributorxmr/mysu

The NGU we love to see. Freedom Go Up (FGU).

#Haveno-reto had 106 peers at the same time. The network really is growing.

Absolute tons of things. Read the change log for yourself, LOL. The biggest thing for me personally is trade sounds so that when you are not looking at the screen, you can hear when a trade starts and when payment is made, etc.

You make a good point. Although since it is paid, you might have a little bit less usage from those who are extremely poor, just due to the fact that they won't be able to afford to buy whatever is needed for the incentive. That would probably be something that would need to be worked out if it has not been already. Like I'm imagining a person from like Pakistan or something trying to use it and being told they have to pay to use it.

I think the biggest problem with tor is there is very little incentive to run a really and absolutely not an exit relay. I think nym is paid at a small rate so should detur spam and have more relays and bandwidth