How about some kind of social media p2p payments?
Social media payments? You mean you pay people via facebook or something like that using bitcoins? Sure the Reddit tipping thing sounds cool. Something like that with even broader appeal. |
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The "iPhone Money Miner" - Use your iPhone to generate free money! Yes, you really did read that correctly. As smart phones continue to get more and more powerful, why not use this power to put it to work for you! Even with your phone on standby, it can be working on complex math problems in the background. These math problems are the lifeblood of so-called "crypto-currencies", and they need machines to do these math problems. They need so many machines to do them, that they are willing to pay you for your time!*
* Disclaimer: data rates apply, battery life may decrease, but you get paid to do this while walking around the mall!
Now available in the app store... only $0.99
That won't get anybody to buy BTC.  |
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If you don't mind my answering your question with a question, are there estimates as to what percentage of emitted BTC are immediately sold?
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How about some kind of social media p2p payments?
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No speculation on this?
When you use your credit card with Circle, it's a cash advance as far as the credit card company is concerned which translates to high fees.
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The one that makes Average Joe buy BTC because he needs it for something.
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What about the emission rate? BTC must stimulate enough buying pressure to counteract the selling pressure created by miners which I think is the reason for the downward price trend as of late. How much BTC will be emitted over the next year, for example?
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I hope the price of monero will drop to a rate where mining is not profitable compared to other crypto coins out there.
Maybe that's the magic price point. Any math geniuses in here? |
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Why is the XMR emission curve so much steeper than with other PoW coins? Is there a benefit to flattening out sooner?
Bit of a sore point that one, the emission curve is something we got stuck with from the original incarnation of Bitmonero, which had an autocratic solo dev who knew best.... It was then forked by the current team and so you can tell what the people preferred, but the emission curve stayed. Really nice to have that info, thank you. How big of a problem does this pose to an investor? Pretty significant to be honest. Monero will have 18.4 million total/max coins. 14.72 million (80%) will be mined in the first 4 years. Currently, we're at 4.2 million in circulation. The first 4 years, has heavy inflation. This gives investors an incentive to buy in at the end of that timeframe. And 4 years in crypto is a long time, with a significant chance that something better will come into the market. I can imagine that XMR must become very popular as an investment or as a store of value (short or long term) in order to counteract that degree of inflation. |
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Why is the XMR emission curve so much steeper than with other PoW coins? Is there a benefit to flattening out sooner?
Bit of a sore point that one, the emission curve is something we got stuck with from the original incarnation of Bitmonero, which had an autocratic solo dev who knew best.... It was then forked by the current team and so you can tell what the people preferred, but the emission curve stayed. Really nice to have that info, thank you. How big of a problem does this pose to an investor? |
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Getting back on track: Really, no one can point out a (possibly-)fatal flaw or danger other than regulation?
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Fair enough. I just want to point out that XCP and MSC operate on the BTC blockchain in the (very off) chance that you didn't already know that. One other thing right now that hurts us is the security of the wallet. There are some new inovations out there, but most are too tech savy for older people. It looks like some better options May be comming out next year.
You could be right about that. |
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fungibility is also a serious issue.
Why is that? If you live in a corrupt state where the state is confiscating without serious reasoning maybe the citizens should get the possibility for something which is not that easy to link or to confiscate.
Doesn't that mean XMR is under much more regulatory danger than BTC? |
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Great analysis there.
Why is the XMR emission curve so much steeper than with other PoW coins? Is there a benefit to flattening out sooner?
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Certainly but lack of smart contract functionality can't be what's holding BTC back if that functionality is in fact available.
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Don't XCP and MSC provide smart contracts on the BTC blockchain already?
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EXCELLENT points guys! My faith in the concept of a non-transparent blockchain is restored. But will Monero be the One? It sounds like ZeroCash has a lot of people very interested but it hasn't been released yet. Is Boolberry the next best thing in CryptoNote? What does BBR have going for it that XMR doesn't?
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Really, no one can point out a (possibly-)fatal flaw or danger other than regulation?
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Besides regulation, why *wouldn't* it go big?
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OK cool, these are the kinds of responses I was hoping for. Of course it isn't perfect, but the question on my mind is will it go big or does it have a fatal flaw that will snuff it out?
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