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    Author Topic: [XMR] Monero Speculation  (Read 3316462 times)
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    dEBRUYNE
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    February 27, 2016, 01:21:49 AM
     #13501


    Ok, As a intellectual exercise lets say your goal is to lose as much of lenders assets as possible, how would you do this and what would it cost (for optimal effect)? As an aside what could you do to hedge this action or even benefit from it?

    You are asking how you could damage the lenders intentionally?  You could do it, but I don't think you could profit on it.  You would need to take them up on their loans, even at extremely high interest rates - really create a lending frenzy.  Use those loans to set up elaborate sell walls near-the-money.  Ensure you have only minimum margin requirements in this account #1. 
     
    Then, with account #2 you could have to place a titanic buy order, eating through all your self-errected near-the-money walls at once and skyrocketing the price by a major % amount.  This would liquidate your account #1, and force Polo to try to repay the lenders.  But since your account #2 is still driving up the price an irrational amount the lenders would not be able to be compensated. 
     
    This would cost you significantly because you would eat the losses from having account #1 liquidated even though you would end up with a substantial portion of XMR in account #2. 



    Or you could just hold your private keys.

    Cold blooded, as usual.  And correct.  I think once the official GUI comes out you will start seeing more people store XMR away in their own private keys.  Is that sensical or rational?  No, but it's how it will likely go down.

    There is actually a bit of rationale behind, I replied to the following statement on reddit which stated something similiar:

    Quote
    You guys really need a gui. This is why I haven't bought in yet.

    My response further down in the comment chain:

    Quote
    No he isn't. He might be wary of investing currently because he cannot store his coins comfortably. That is, perhaps he prefers something he is familiar with, and knows how to use (a GUI), instead of something totally unfamiliar. Also, the other options available (MyMonero, simplewallet, Moneroaddress) might simply not be sufficient for some people. Hence, they wait until the GUI is released to buy and store their coins.

    Privacy matters, use Monero - A true untraceable cryptocurrency
    Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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