This presumes continued exponential rises in BTC.  Those may be happening in XMR instead from here forward.

XMR market cap is 1/1000 of BTC
XMR has a head start on doing things that BTC doesn't do.

If you think a BTC whale needs to finance its BTC purchases by selling XMR, think again.

And then there is this announcement that US Regulators will allows swaps of BTC. Seems most people like the idea but I know that everything that the Banksters touch turns to shit polished up to look precious.

https://bitcointalk.org/index.php?topic=780054.0

My link at the bottom says exactly how I feel.

One way to make something popular is to offer something that people ogle and get jealous if others have it and they don't.

Humans hate to miss the party. Humans are social. This is the game of life.

I suspect the reason my CoolPage reached 300,000 to a million users in the first 3 years (multiply by 10 in today's internet), was because people visiting the websites created with it, saw the little sky blue background with golden font advertising button that was on every page that used the free version. At the time (1998 to 2001), possessing a custom designed webpage on Yahoo Geocities was a status symbol of being really cool and hip with the new technologies. And we offered them "drag + drop creation and one click publishing". Later 100s of editors followed suit but we were (ahem "I" the one-man company was) one of the first to offer that in 1998 in an ad-button supported freeware download. And I put a lot of effort into making the GUI really user friendly and even added point-and-click DHTML programming GUI. Technically CoolPage sucked. I was so embarrassed I stopped developing it.



The filipino artist modeled the Cool Page surfer dude on me, lol. But I designed the blue button and the custom font for CoolPage.


Edit: I wrote upthread that anonymity could be unwound for ring signatures if authorities can require you to reveal your private keys (a.k.a. passwords), i.e. allow you to have privacy to the public but not to the government. Astute readers surely smugly ignored me thinking that if the authorities already know your identity in order to require your passwords, then you don't have anonymity. Well this unstated rebuttal falls apart on several levels. One as I said, you revealing your password lowers the anonymity set for those who didn't reveal. Secondly, you may wish to report for tax purposes some funds you bring from the non-reported anonymous world back into the mainstream fiat world, so then the authorities may require you reveal your passwords so they can verify the tax basis you claim for your capital gains. As you know the rulings for example in the USA is that mining is income and the tax basis for capital gains starts at the time of the coinbase transaction.

Emit 10-20% of the coins over a period of 1-2 months. Then, emit the remaining 80-90% over a long time frame. Are coins more concentrated in the hands of early adopters? Yes. This is a good thing! Reward those who were there at the start! Who cares what people are wary of, the majority of people are morons who cannot properly distinguish between something that is a scam, and something that isn't. Catering to them is of no relevance. The things that actually deliver results will succeed regardless of what the vast herd of sheep think.

You know how many little islands there are for sale vs how many XMR will exist in 50 years?   

Wish so bad I was around the internet before stupid people could connect   

Good luck with your island there guy 

I disliked the phrasing, but let's assume there are two plausible interpretations:

(a)  Pump!  <-- Obvious possibility.  I've wondered it myself:  Did Risto buy a lot of XMR early (yes), and is he planning on riding a sequence of P&Ds to profit?

(b)  Ensuring continued, steady growth of the currency in a way that maintains community *and developer* excitement and encourages some forms of long-term adoption.

The "win-win" is (b), as Aminorex noted above.  It's a long game:  I own a lot of X, so I'm going to do things that I can to increase its fundamental value.  It's not crazy to think that encouraging sustained, longer-term interest in a currency could do that.  It keeps donations (or value) flowing to the developers, it keeps holders happy because they're getting value, etc.  Happy developers and continued interest yield more improvements to the currency and more potential users.  (a) is the quick profit.  Both of these schemes could be seen as selfish, because they're both designed to produce value for Risto.  "Selfish" is also a reasonable term for "financially rational."

I couldn't tell you which of those is reality, but it's not crazy to think that it's (b).  These same techniques apply on the stock market -- consider, e.g., Mitt Romney / Bain Capital's tricks with Ampad and Dade Behring on one hand (acquire, rip out fast profit, dump to bankruptcy), and Warren Buffett's style at Berkshire Hathaway (acquire, invest, improve, hold for the long term).  Hard to tell which it really is until you have hindsight, or trust.

What are some ridiculously long term predictions for this coin? What price do you expect in 20 years time or so? I think in 2050, we'll see a legit FIAT crash from dollar and euro, with asia becoming the ruler fiat, and crypto growing strong on the sidelines. My only 2 long term bets are BTC and XMR thus far.

Some of us still "waiting" for coindesk stop with the cryptonote blackout, if theres no talk about XMR (or BBR for that matter) I'll start finding very suspicious.

If there is a market demand for this, the roadmap would be as follows:

- Setting up a consortium of XMR(+BTC) owners that can provide ultimate liquidity, to the tune of 5-10% of the current mintage.
- Offering multiple expirations, possibly at least 3 months to the future.
- Offering two-way prices for the contracts to be bought and sold without exercising them.

Having leveraged markets for such a volatile underlying as XMR is, is risky to the issuer. The only remedy is that the issuer is publicly known to be in the position to "control" the market, so that every attacker with his short-term plans to manipulate the price must credibly fear a speedy retaliation.

Buying XMR under 3 mBTC is like buying BTC under $500. It's just a good price and it won't last long.

Buy buy buy

Are there any current initiatives going on now by Monero to increase adoption?

Which begs the questions: How will XMR/XBT perform in the next XBT/USD boom when compared to the performance of LTC/XBT during the last XBT/USD boom in November 2013? Is using past LTC/XBT performance as a possible indicator of future XMR/XBT performance here possible or even relevant?

This thread was created because because Monero was already getting enough speculative interest to attract rpietila's attention. Look at the graph on the old OTC thread. There was a day in mid-May when 50K XMR traded at a price of about 0.001. That's 50 BTC which is a huge amount for a coin not even trading on any major exchange at all! On May 20 (6 days before this thread), it traded over 100K XMR.

So yes that early period played a huge role.

have to think about it - if I only use xmr it is quite a win win

edit: maybe we can do it - give me 2-3 days. I do not have ltc but a few xmr. I am also an uberbull regarding xmr but I think this estimation is too optimistic

Last December the Chinese government banned any use of cryptocurrencies, including both Bitcoin and Litecoin, except for speculative trade.

I haven't checked how the volumes are evolving, but  the largest exchanges (Huobi and OKCoin, much bigger than BTC-China and the western ones)  support both BTC/CNY and LTC/CNY.   

IIRC, Litecoin was started by Charlie Lee, brother of BTC-China's CEO Bobby Lee (who is now in the Board of Directors of The Shrem Karpelès & Friends Foundation).

Depth of XMR buy orders has increased by 100+ today, currently sitting at 390 BTC.

Prepare for liftoff.

Update: Now at 425 BTC.