During downtrends it has always been like this. Could just be traders willing to buy back lower (also, we had a few big shorters). Miners cashing out, but due to lower buying pressure we went down more. Could also be that miners that previously held their coins exhibited signs of reverse FOMO (missing out on buy walls :-P). Then there is also market manipulation, which can easily be observed by the stacking of asks someone is doing. ArticMine's reasoning makes sense as well. I don't think it was someone big cashing out, just a collective of all reasons described that did the trick.

It should also be noted that alts are getting slaughtered in general. All top 20 alts went down significantly and the main reason of this was the soar of bitcoin's price. So it could very well be that we are just correlating with that.

The emission is the only thing we have to deal with it, I would be worried if Monero was much more expensive and the emission did not allowed "fair" entry points even months or years after launch, thats why I have put my personal deadline for Monero 'make it or break it' further in the future, I have not lowered my expectations but simply reckoned the impact of the bear market and the emission. Most people that would be interested or eventually use Monero cannot or won't mine it, so they will exchange fiat or goods for Monero (also from a legal perspective nothing beats the POW coin generation safe haven) thats why liquidity is important (and Monero will be mined forever) so when people interested in Monero want to buy, its available at exchanges at reasonable quantities, these Moneroj proceed to be used in a Monero economy, thats why I believe deflationary coins are doomed, in case of Bitcoin the 1mb block limit does not help either, it will lead to a process of fiatization of the blockchain with services working as intermediates like coinbase and others with power over your transaction history that only the NSA or USG could dream of (not that they don't automatically have access to coinbase records). The Bitcoin visionaries of the past not helping build Monero or a better e-cash are building a dystopic future.

This is funny to say in such an early stage where our software has just started operating, and the semi-independent Earlship in the Counties having economic freedom to do as they see fit is not even established, and will not be in the next 6 months due to other developments taking precedence, but:

In the long term, when our systems are reasonably feature-rich and bug-free, and the initial development costs are reclaimed (which they are in a continuous basis currently), the intention is to officially make the software public domain, allowing anyone to create complete Kingdoms and host them on their own servers, with none whatsoever liability to us. What is more, if those Kingdoms are configured to realistic and compatible economic parameters with ours, we can establish Embassies with them, and allow foreign trade in items. Since the monetary system in the game is limited to being the denominator of prices, and medium of exchange, and is 100% reserve-based with depositories with a viewkey, they may even have different currencies, as we also could change our monetary system to be Bitcoin or CKG-based with a very easy effort if we wished (and we don't).

It is about the people. Who gets the most people to follow him, has great power. In everything with Crypto Kingdom, I have attempted to create something that will last. In the decision to start from the top and slowly work the way towards a larger audience. In the decision to demand the database logic to be rewritten to be more secure. In the untold hours of administration the details most would regard as minute. I am satisfied with the progress. I am eagerly waiting for the Countryside expansion, giving semi-independence to Earls and higher to enable their best skills to be put into practice. But in the spirit of a free and limitless market for the products of imagination, I don't want to enforce IPR any more to my own efforts than I believe the others have right to deny still others to enjoy their imagination freely. This game is standing on the shoulders of giants, including Civilization, Second Life, Monopoly, Habbo Hotel, World of Warcraft, Clash of Clans and EVE Online. May this game in public domain be an unending inspiration to future generations as well.

You guys catch this Epic Tweet?


https://twitter.com/balajis/status/655664767567171584

How is MoneroDice doing? I have not played there but am interested in hearing the usage stats if they can be shared

Oh wow... -20,000+ XMR at one point.  That would be enough to have me sweating as an administrator for the site.  Though as long as it gets people using XMR and not holding it as an investment tool on polo then it's all good.

If you're clever, you do both.  Thus making XMR harder to mine.  Thus increasing the value of the XMR you bought, since the supply dries up at prices below the mining cost.

Do you think the governments will purpose a way to have a "mandatory" re-distribution of wealth and take XMR from people like us who are currently investing in monero as of right now?

If BTC breaks 275 all alts* will get hammered hard. At some point they will bottom (regardless of BTC price action) and then they will bubble.

If BTC goes below 230 I expect XMR to rally hard too.

*(The alts that I have under my trading radar are XMR, BTS, ETH, XRP & a bit NXT - I am afraid that the latter may never bounce, so I am watching only for the moment..)