/biz/ - Business & Finance

MONEROMARKET.IO

>>53051083
Thanks forgot about that. But still, interestingly https://www.coingecko.com/en/coins/monero#markets seems to give a better list. Included pairs on exchanges like CoinDCX which beats Kraken 14 fold in its volume. In fact there are loads of no-name CEXes. In fact so many that Kraken's XMRUSD comes in only 31st, getting beaten by stuff like XT.COM "centralized cryptocurrency exchange established in 2018 and is registered in Seychelles" that supposedly did $2m volume on its XMRETH pair.

The perpetuals tab is even worse, Bitmart Futures supposedly did $11,223,268,872.47 of volume in the last 24 hours. Sure buddy. And check out some of the values, Bibox on its XMRUSDT paid "traded" 1210.000 XMR. The just happened to nail that exact value. 4 zeros, must be a lucky day. Also if we are talking about entering paper monero into the volumes, check out how many times the number seven appears. And accountant would surely have a field day looking in there.

>Several percentage price deviation?
>Suspicious amounts everywhere?
>Low reserves and liquidity on an exchange hosted in some legal loophole and tax haven country?
Must be coincidence, real volumes.

Actually used exchanges make up a portion of the total volume that XMR is supposedly making. In fact ALL the exchanges listed in the OP that are counted into today's $69m figure make up 28.51% only. $50m of volume unaccounted for. So now I'm not only skeptical that Monero does $100m volume a day. I'm also convinced that the price floor provided by retail usage is HIGHER than the current price and CEXes are suppressing it.

>>52867006
I tried to make it more coherent, but maybe putting it in simpler equation is better than words describing the equations.
i -> raw inflation in units of Monero
I -> inflation in terms of %, deflation if it's negative
S -> total Monero supply
S_a -> Supply that is Actively being used
c -> coin loss in units of Monero (key loss, somehow managing to send to a lost address, burning coins, etc).
t -> tail emission in units of Monero (0.6)
With these it is following are follow:
(1) I = i/S
(2) i = t - c
Assuming that it is in respect to S_a
(3) c = S_a * [constant%]
So with a sufficient amount of time passing it follows that:
I = i/S
i = - c
I = (-c) / S
I = - (S_a* [constant%])/S
I = - S_a/S * [constant%]
So as long as the ratio of active and inactive supply is constant, with time passing rather than tail inflation, coin loss becomes the dominant force, causing deflation.
Now with that adoption increases the ratio, increasing deflation (the more people are using it, the more coins get lost), that will produce positive price action (less coins to go around with), increasing hodling, which in turns brings "down" deflation (closer to 0%). So the price movement upwards stops. Meaning that a bump in adoption is a bump in price, but with a steady force pushing the price up.

But I'm realizing this was just an overly complicated way to put "Monero's price has an inherent upwards trend due to coin loss and low inflation. And adoption will increase price, not just due to more demand.". Oh well, at least I used my brain a bit.

Monero Market website with escrow system has been released -- moneromarket.io