I have a dream where a bitcoin is worth $400,000 each three halvings from now so the blockreward is over a million bucks and miners still won't care about fees.  

If BTC value doubles more frequently than the blockreward halves, fees will never be needed to sustain miners. Of course BTC can't grow exponentially in purchasing power forever, but it can in nominal terms if the U.S. Dollar ever hyperinflates.

I am not even going to try to speculate on what the XMR/USD rate is going to be 10 months from now.

To me it looks like in 2016 Monero has resurrected from the death.
A lot of new people commenting here, the price trendline is turning into bullish (for obvious reasons).
We might see pretty hefty price tag on Monero a couple years from now. However, still Monero is cheap like crab. Definetely Monero is a great buy at any price under 100 usd per coin. Later once people outside of crypto discovers it, the good buying point is in thousands of dollars etc.

your scale
your quote list

Maybe I'll leave the readers of both our contributions to decide who's the academic between us.

It would seem that you actually do not understand what cryptography is in the modern sense.

A fundamental nature of information is that it wants to be freely copied everywhere to everyone. That any bit is equal and indistinguishable from any other bit of the same value and that any bit is eventually known to all who care.  Cryptography is all that technology by which we hope to confine and constrain the nature of information, to put up fences and direct it to our exclusive purposes, against all attacks and in defiance of the seemingly (and perhaps actually) impossible.  Digital signatures are cryptography by any modern definition and utilize the same tools and techniques (for example, a DSA signature is a linear equation encrypted with an additively homorphic encryption), and suffer from most of the same challenges as the message encryption systems to which you seem to be incorrectly defining cryptography as equivalent.  Moreover, the use of digital signatures isn't the only (or even most relevant) aspect of cryptography in cryptocurrencies-- e.g. the prevention of double spending of otherwise perfectly copyable and indistinguishable information in a decentralized system is a cryptographic problem which we address using cryptographic tools, and-- like all other practical cryptography-- achieve far less than perfect confidence in our solution. As are more modest ends like interacting with strangers but not being subject to resource exhaustion from them.

Far more so than other sub-fields of engineering, cryptographic systems are doing something which is fundamentally at odds with nature and share an incredible fragility and subtly as a result (and perhaps all are failures, we have no proof otherwise).

A failure to understand and respect these considerations has resulted in a lot of harmful garbage and dysfunctional software.

There is actually a even simpler answer to the above: 1 MB blocksize limit.

What about Confidential Transactions and side chains? Won't this put a damper on the demand for alts like XMR?

Déjà vu

Who can see the similarities between this performance chart and the one in my original post? At what point can we call this a trend?

[img]https://i.imgur.com/7FAbWMf.png

I think we are gonna hit a new high soon but I wish we tanked for awhile until that wall douchbag dumps. I won't be buying for awhile.

Indeed.

But money was not created by academics. It evolved over centuries and the monetary media concerned were chosen by ordinary people, not academics, based on their ability to see and verify the integrity of the said medium.

The more you can see and verify, the more valuable the monetary medium. The less you can see and verify, the less valuable the monetary medium.

I don't need to convince you of that principle. Satoshi already understood it and built it into bitcoin. The fact that there is no counterparty underwriting the numbers in a bitcoin address means that the public is the caretaker and counterparty and therefore has to see everything. That includes the balances at all addresses, the transaction ID and the movement at each end.

Saying that "it's all taken care of by math" is b.s. The shadowcash experience has demonstrated that and ring signatures, stealth addresses and all other toytown trainspotter spyware are now toast because of it. (They always were to me, I just didn't expect a practical example to arrive so soon).

A cryptocurrency that doesn't have transparency isn't money. It may be a conduit for money, but it isn't money in its own right.

Most everyday users of technology would not trust an academic as far as they could throw them. When it comes to money, they trust what they can see, not what they can't see.

OK this is getting weird now, check 2 day chart on https://www.poloniex.com/exchange#btc_dash .. red candles and volume spike.

In Agar.io you can be pretty confident the mega bubble doesn't really care to gobble you up, so long as you stay beneath a certain size. 
 
This guarantee breaks down if the mega bubble gets bored and eats you out of spite, or you become large enough to look tasty to it, or you accidentally hang out with enough other bubbles your size to appear as a tasty net meal. 
 
Agar.io is possibly the greatest market metaphor humanity has ever created and I feel like I'm one of the few who realizes it. 

"Wow this is fun...I am a happy little bubble...nom...nom...nom...bloop...bloop...bloop"  
"Oh man that was close!...Haha, got you chump!"  
"ZOMG that fat fuck just swallowed me whole!...I hate this stupid game!"  
"How much longer until the next round begins?"  

The third thing is, they see the marketcap of Monero and begin to laugh.
If your networth is more than the marketcap of the coin, why on earth you should put (most or all of) your money into it?

Ring signatures give rise to an event horizon, so that no information about your transaction can escape to be observed.  Your private key adds an extra dimension, allowing the key holder to view the naked singularity powering each XMR wallet, and observe the transactions it contains.  A view key adds a wormhole into the event horizon from ordinary 4-spacetime.

there is nothing to argue about with the tech

we have had the Monero dev in here throwing all sorts of insults at ryno and the team but he cant evaluate the code.

They don't publish it. You can only infer some things from watching the lending market

Lots of margin, I am guessing.  Squeeze should come quick, if so.  Someone remind me where to look up the margin positions on poloniex?

bumping this thread because XMR is mooning us all.

So, prior to today, what have you been doing with this account, Herp? Last post before jumping on the losing side of arguments was on Neo & Bee back in 2014. Maybe you should go back to the rock you lived under for the last 2 years.

Oh and thanks for the insight, asshole. Real helpful here: https://bitcointalk.org/index.php?topic=529946.msg6026369#msg6026369