People seem to be super excited on Monero.  Not at all. The bagholders are fearful and, despite the truth that Monero is an irrelvant clone shitcoin, they will spam and pump this forum with useless inane threads and one line fanboi bumps - ad nauseum. They have zero respect for Bitcoin or the alternative cryptocurrency community. If you spent as much time buying Monero as you spend griping about it, you would feel good about were it is heading instead of threatened. |
|
|
|
No.
Would be easier Bitcoin at $100k in one year
Bitcoin at 100K is ~1.5 trillion and Monero at 20 is ~254 million. Considering Monero hasn't released an official GUI, marketed itself (bitcointalk fans are free and self-motivated), or had CK released yet, it seems that Monero has the easier path to grow into the number stated. Also your analysis misses that Monero would most likely grow with bitcoin's price. |
|
|
|
Bytemaster's rating is a 1-7 scale with 7 being the most decentralised in his opinion.
Tried to hit the link on the slide show and a search, but nothing came up for the rating system. At least he got that part right. Of course that leads to more questions. 
Maidsafe and Bitshares listed as anonymous is almost as funny as Ripple getting the highest rating on decentralization.
in which way is MaidSafe not enough anonymous? I was talking about money, but here: https://bitcointalk.org/index.php?topic=877398.msg9690423#msg9690423 |
|
|
|
I'm really hopeful about this game, Bitcoin reputation got regrettably stained by the dark markets. Monero can get in the mainstream with a much friendlier approach.
I tend to think that BTC wouldn't have gotten a reputation at all if it wasn't for dark markets. And is probably still the #1 use case. Still looking forward to the game though! Jungians always embracing the dark side. https://www.youtube.com/watch?v=Tja6_h4lT6A |
|
|
|
A rating without reasoning isnīt a rating in my eyes.  Here you go, a 79 pages slideshow. It's from earlier this year though so maybe not fully up to date. ^^ That's slide 21. http://cyber.fund/cyberepMaidsafe and Bitshares listed as anonymous is almost as funny as Ripple getting the highest rating on decentralization. |
|
|
|
There is no single form of government that will ever be perfect. Whatever its form, government will self-corrupt and both sides will fight between the people and government perhaps eternally. The best form of government for brief periods of time are benevolent dictators, monarchs, or emperors, such as Julian II, who even decreed that whatever laws he passed must also apply to himself. Such individuals are rare indeed and once they are gone, the system will revert back to its corrupt state. Can't we migrate to corporate states where you buy the government you want? Are our lives about to be so infused/guarded/controlled by technology that it isn't impossible to believe that future generations won't live their lives the same way you live (via avatar) in a video game? Of course the worst crime in these systems of government by computer design won't be murder or theft, but hacks that allow for you to manipulate game/life play. If you violate a patch, you simply won't be able to live in the communal environment. If you turn off your DRM, you won't be able to see your virtual family again. Turn off your computer, and you'll get to see that your house in now a cage and the computers are building their world outside and your resource allocation is as meager as a mouse living in a cage-- back to the maze [ https://www.youtube.com/watch?v=3RFwhEvVqnA].... |
|
|
|
I protest too much therefore I must be who I say I'm not.
Your perry woodin's, wanderlic's pseudo logic turned against you--Muuuhhahhahhaaaa  |
|
|
|
I wont comment on the probably of failure because I do not feel qualified to quantify it.
I will say that the longer the community continues to grow and development progress continues to be made the greater the chance of success.
Look up all the coins that were launched with a bitcointalk announcement last year around the same time as Monero. Monero is doing better that 99% of them. Many thousands of coins have been launched over the last year. How many of those has a community as strong as ours?
Of those with a strong community how many are had a premine, instamine or fastmine? How many allow for private transactions at the protocol level without and form of centralized mixing?
Most coins now seem to be designed with a very short PoW period followed by a conversion to PoS to make the developers BTC quickly. Unfortunately this model does not have the proper incentives for lasting development or growing a community.
Monero is built to last. Lots of progress has been made but XMR prices are still lower than they were last summer. This is a wonderful thing for potential community members looking at Monero. New community members can buy Monero at prices lower than many early adopters did a year ago! However this period is unlikely to last much longer as emission is slowing and demand will soon far outweigh supply from the miners.
I think it is possible that the next month or two (before translations and worldwide marketing plans are ramped up and while less than 50% of XMR has been mined) may be the last opportunity to buy Monero at anywhere near these price levels.
Of course this is just my opinion and I could be completely wrong. I look at many coins quite carefully. There are none that I am nearly excited about as Monero.
I tend to agree with you. The emission looks now great and the chart and supply of coins in exchanges is pretty scarce which makes the coin potentially very explosive even if we get a moderate amount of new money into Monero. However, if Monero takes off, it is cheap buy even for 0.50 BTC. Cheap at .5 BTC? So you expect XMR to reach BTC parity? If XMR moves into the (at least) 20 trillion dollar "offshore private wealth storage" market before bitcoin does, then it can be as big or bigger than bitcoin. I see no evidence that bitcoin has made any real advances into this area. Otherwise, it wouldn't have such a tiny market cap. The market is "up for grabs." Bitcoin is the best candidate for this market if you are looking at hashing power and development activity. But XMR offers banking privacy which is something that you have (to some degree) in Switzerland and the Cayman Islands, yet bitcoin lacks it. Thanks for the reply! I've used the Cayman Islands as a way of describing the relationship of XMR to BTC. I had no idea it was worth 20 trillion! It's actually way more than that, the average person has no access to Cayman Islands, Monero is readly available, functional and at reach  And you aren't subject to political swings or untangling yourself from the fine print with Monero. Anyone who has seen Blow or Wolf of Wall Street should know that Panama and Switzetrland were safe havens until they weren't. The solutions are sometimes riskier than the problems. |
|
|
|
|
*Childe Harold is none other than Perry Woodin of dash's node40. Here is the evidense:
--Childe's avatar sports a handlebar mustache; Perry has a handlebar mustache.
--Chillde mentions lobsters in his sig; Perry belongs to a lobster (unicycle) racing team.
--Childe's post history shows a strong interest in dash (then dark); Perry works within the dash space.
--Both have an interest in cryptocurrency, write in English, most likely feel Monero is a threat, have genitals, eat food, poop (though I can't prove the last 4 and they may be actually aliens on a dangerous mission to destroy human anonymity by disparaging the best choice for privacy with a distracting FUD attack....)
*It took me about 10 minutes to gather this BS that anyone looking for a connect-the-dots conspiracy could build upon to make their case (and by case I mean their BS molded like a filthy version of the mash potato mountain from Close Encounters-- but without the grand ending or spaceships or military cover-up... Just a man, his pile of shit and a stupid grin, "Doesn't it look like an alien! It must be a sign!"). Next up: is rethink-your-strategy Samuel L. Jackson?
|
|
|
|
Additionally each surname has 4 sylabbles and the names' initials can both be re-worked to spell NSA.
This is exactly the kind of fortune telling bullshit I'm talking about. Sabelnikov is by all accounts a real person. So the fact that his initials reorder to NSA means what exactly? His mother (who presumably named him) was an NSA spy? Operating under NSA mind control in choosing a name? There was a pro-skateboarder in the 80's named Natas Kaupas, and even though it was widely printed that he was Lithuanian and his name was the masculine spelling of Natasha "birth of God, Christmas," many skate enthusiasts (teenagers) perpetuated the belief that he was a satanist or a warlock and even that he had sold his soul to get his skateboarding skills--he was so fed up with explaining it for years on end that he released a Satan inspired board to simultaneously capitalize-on and mock those who refused to believe it was just the name his non-Satan parents gave him.  This kind of idiotic "fact" inventing happens even when the person explains every last part of it, so it isn't surprising what happens when most or all of the details are missing. Just think turtles all the way down and you get the imaginations wonky sense of humor. |
|
|
|
I think the problem with Risto's scenario analysis with high expected value but low probability of success is that one needs to have plenty of such projects out of 1 will make it big.
Where to find the rest of the high outcome low probability games? National lottery perhaps?
It's more like VC investing--though that range is usually significantly less than 1/100, but is closer to 1/100 than a 1/1,000,000+ lotto ticket. And there doesn't need to be total success for you to earn your investment back as selling 10% at a 10x return gives you back your initial investment (minus taxes). The probability of Monero going to $2.5-5 is much higher than 1/100 and that would be the range for those who started investing in the last six months. |
|
|
|
That's why I recommend that people should use mixers.
You should stop recommending that. Joinmarket, shapeshift, and xmr.to are your current best bets, but even then, you aren't immune later entanglements and still have to be on watch that your IP isn't being monitored--check the last two pages of this thread for more info. Even better start on page one and come out the other side extra-paranoid/extra-knowledgeable/extra-wtf.
Give me 6 weeks to produce an alpha-stage product and a white paper, if I decide to proceed on improving the anonymity network as the first priority (which looks to be the likely decision as it helps everyone and is less confrontational than creating an altcoin first).
Wish you could say more, but I'll kick rocks for awhile and keep myself busy.... |
|
|
|
take in case that DASH is like how much younger than your precious LTC.... and what LTC has offer? nothing, its like a old VHS cassete NO DEVELOPING  guys you can poke me as much as you want, but without developing, progress... nothing can go far away but dont get me wrong, i dont hate LTC as you do hate everything that is non-LTC At least LTC doesn't have a head pimp straight-ballin' from all his bitchnode money. LTC is maintaining that cap with its creator working for Coinbase, you can't stay in the top-five even though you are "the first anonymous" the first accident-mined coin and Evan pimps whores himself every chance he gets. |
|
|
|
What is .05%? How about a Jellyfish? Now, you're jelly of the whales, but the Johnny Come Lately's will be jelly of you. |
|
|
|
Here's a good analysis of money without any pretentious jargon or logical fallacies: Yeah, I've read that one and I imagine you think a "viewkey" is analogous to taking a gemstone out of your pocket and showing that it's real or some similar concept. Interesting story, but I can't see how people can trust math even though they do it with taxes online, video games, the engineering of dams and buildings, to drive cars, to fly planes, to fly to Mars.... I just don't get why anyone would trust it even though it is open source and I can go validate the code right now, so I'm going to take the next couple months and validate the dash blockchain by hand, that's if no hacker or mobster interrupts me with demands for my balance--why does cash have to be so much harder online  (CLUE: you haven't got one). FTFY |
|
|
|
so good Tok has to use a general dismissal rather than take on any points made You're confusing the monetary media itself with the accounting records for such. I know you can't point to any flaw, but "monetary media?" Do you really think corporate ease has ever made anyone sound more intelligent than they actually are? Here's a good analysis of money without any pretentious jargon or logical fallacies: https://www.reddit.com/r/Monero/comments/3cgtvb/pondering_the_true_meaning_of_money_special/ |
|
|
|
Stealth addresses do not make the coinbase invisible, moron.
They maybe don't in your little deluded definition of what money is and how it works. But they in fact do - they were designed for exactly that purpose. Stealth addresses do not render transactions invisible, so anyone can check and validate that there aren't double spends and other flaws that might skew your or anyone else's transactions. This is the flaw that zerocash has and you must have somehow lopped the flaw onto all opaque blockchains. That brings me around to your first comment: Cash works by being backed by a government, but allows you to carry your money with you without anyone else being aware of how much you have or where (if you are careful) you spent it. Monero and other opaque blockchains take care of this by being verified or backed by math and takes care of your finances being private through stealth addresses. I'm assuming that you think all wallets should be audit-able by anyone anytime and wallets that are only verifiable by permission are inferior as a monetary system. Your presumption that this is the only way money can work misses two points. First, open wallets expose everyone's balance to thieves, hackers, the mafia, and a whole host of other dangerous characters besides the obligatory mention of LEA. Secondly, when you go to audit these open addresses, you most likely aren't going to take the numerous hours, days, weeks, to verify each wallet by hand and make sure they check out, so you'll use a program that validates the amounts are correct with math--as you can see you are now using math in the background to verify the money that you think should be only verifiable by human eyes. Of course it would be easier to do this kind of human verification by going onto Github and verify that the opensource math that runs Monero, and other opaque blockchains, is correct. |
|
|
|
It is, for example, the only coin to directly address bitcoin's fungibility deficiencies without otherwise compromising on the protocol. So called "stealth" coins who's technology was designed for doing fiat bookkeeping are no competition in this regard. They try to get away with selling the lie that "invisibility" equals fungibility which it does not. D
Stealth addresses do not make the coinbase invisible, moron. |
|
|
|
I thought maybe some of the instamine hodlers would distribute OTC  I think you might be getting confused with another coin. There are plenty of instamined coins in the world, but Monero is not one of them. If you thought it was instamined, why would you even want it? It's like admitting the coin is just BTC trading fodder and the devs never seriously thought it could compete. |
|
|
|
Honestly, I think dashers can't live very long outside of the vacuum-sealed (for their protection ) comfort of the echo chamber. Keep responding to this thread and the old (never refuted) criticisms of dash will come to the surface. --heavy distribution in favor of the people who were able to mine it in the first hours --masternodes suck at anonymity and are centralizing in nature and their distribution would most benefit those who mined it in the first hours. --isn't insta-x just a pseudonym for low-confirmation transactions? If true, it's like telling an Apache or a Cherokee you've discovered a new land and you're calling it America. --why do you need 3 name changes in a year? And why are they all lame? --if Evan is such a genius, why couldn't he figure out that renaming x coin dark (now dash) is about as useful for hiding an instamine as masternodes are for protecting your anonymity? And if you can't successfully get away from the instamine, do you think institutional investors (rocket fuel refineries) are going to look past the fishy beginnings or the sucky excuse, 'It was an accident, but I didn't relaunch because.... --oh, I'm busy coding a wallet that uses a word seed--i call my invention word stealth technology. |
|
|
|
|
Show Posts
