Could Monero replace Bitcoin soon?

[Pursuer]

it is funny that when the altcoin, no matter what it is, is getting pumped and it is already on rise and needs more fuel for the pump, this is the only time people start talking about that altcoin, again no matter what it is, replacing bitcoin.

then again it becomes funny again when a week is past from the pump and price is back to normal levels, you no longer even hear the name of that altcoin, again no matter what it is.

and this cycle continues for another altcoin being pumped

[1714220822]

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[1714220822]

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[pereira4]

XMR is a cool coin with cool developers but do not get caught in this ridiculous hype/pump. This kind of growth will not be sustained. Buy orders are already very weak at 0.008. 63% was a hell of a pump, congratulations for the lottery winners, I hope you are selling your tickets before the pump ends.

Sell your expensive XMR and buy cheap ETC before the next ETC big pump, that is how money is made.

And remember that BTC is king.

[mike77777]

xmr is useless

[owlcatz]

LOL monero useless coin pump, won't even waste time.

IT WILL dump back down to prior levels in weeks I bet.

I hope so... Because, I will just keep buying MOAR!

xmr is useless

Not really. It's made me quite a few BTC in just a few days.

[raphma]

never.... bitcoin already have a "bad reputation" around the world because it was used mainly in dn, imagine xmr.... it will be even worse with time. government, banks, they will all fight against monero.

[aminorex]

never.... bitcoin already have a "bad reputation" around the world because it was used mainly in dn, imagine xmr.... it will be even worse with time. government, banks, they will all fight against monero.

The difference is that when they fight BTC, they can win, but when they fight XMR, they can not win. The difference is as simple as the difference between slavery and freedom.  Many prefer a comforting slavery.

[bbc.reporter]

If the use of XMR in darknet markets become increases and will get to a point where the transactions are in the millions of $, it could become the cryptocurrency of choice in the darknet and could replace BTC in the darknet.

The developers need to make a light wallet for this to happen. I do not even know why it is taking long to make a GUI for the current wallet.

[owlcatz]

If the use of XMR in darknet markets become increases and will get to a point where the transactions are in the millions of $, it could become the cryptocurrency of choice in the darknet and could replace BTC in the darknet.

The developers need to make a light wallet for this to happen. I do not even know why it is taking long to make a GUI for the current wallet.

There is already a web wallet. It's taking a long time because this project had no premine. It's entirely funded by devs and volunteers and donators. Also, these devs are serious - They focus on core functionality improvements before flashy GUI, but it's being worked on no worries.

never.... bitcoin already have a "bad reputation" around the world because it was used mainly in dn, imagine xmr.... it will be even worse with time. government, banks, they will all fight against monero.

The difference is that when they fight BTC, they can win, but when they fight XMR, they can not win. The difference is as simple as the difference between slavery and freedom.  Many prefer a comforting slavery.

Pretty much that yes. It would be like trying to stop the rise of the internet back in '92 lol.

[phishead]

If the use of XMR in darknet markets become increases and will get to a point where the transactions are in the millions of $, it could become the cryptocurrency of choice in the darknet and could replace BTC in the darknet.

The developers need to make a light wallet for this to happen. I do not even know why it is taking long to make a GUI for the current wallet.

There is already a web wallet. It's taking a long time because this project had no premine. It's entirely funded by devs and volunteers and donators. Also, these devs are serious - They focus on core functionality improvements before flashy GUI, but it's being worked on no worries.

https://github.com/jwinterm/LightWallet2

jwinterm's lightwallet could suffice, no?

[The Sceptical Chymist]

LOL monero useless coin pump, won't even waste time.

IT WILL dump back down to prior levels in weeks I bet.

I hope so... Because, I will just keep buying MOAR!

xmr is useless

Not really. It's made me quite a few BTC in just a few days.

Right, but a thing that has no other use but as a speculative financial instrument is going to be totally useless once the market runs out of greater fools.  At least you could still admire the beauty of a tulip after tulipomania.  If XMR is actually used in dark markets, which I guess is what's being hyped now, then it'll have utility.  If not, it's going straight down the toilet and into the shit pile of shitcoins.  The ones you can get for free on Yobit but can never get enough to cash out.  In ten years, you'll see what I mean.  Ten years, tops.

[myferrari]

It has been pointed out elsewhere that the Mossad is sponsoring ZCash.  If you want to trust your privacy and substance to the transparency, honesty, and restraint of the Mossad, well... I don't even...

Ironic you say that since there is many hints Cryptonote is from the Mossad or NSA lol.

Any hints? Please tell us, i never hear it. And no proofs, or are they all imagined? lol.

[obit33]

It's really delightful to read the same stupid comments and FUD about monero as in 2012 and 2013 about bitcoin...

love it

[owlcatz]

LOL monero useless coin pump, won't even waste time.

IT WILL dump back down to prior levels in weeks I bet.

I hope so... Because, I will just keep buying MOAR!

xmr is useless

Not really. It's made me quite a few BTC in just a few days.

Right, but a thing that has no other use but as a speculative financial instrument is going to be totally useless once the market runs out of greater fools.  At least you could still admire the beauty of a tulip after tulipomania.  If XMR is actually used in dark markets, which I guess is what's being hyped now, then it'll have utility.  If not, it's going straight down the toilet and into the shit pile of shitcoins.  The ones you can get for free on Yobit but can never get enough to cash out.  In ten years, you'll see what I mean.  Ten years, tops.

Yeah, sorry but I am willing to take risk to achieve rewards, while you are just sig spamming about something that clearly you don't much about overall, tech-wise. Thanks. See ya in ten years.

[bbc.reporter]

xmr is useless

Not anymore when the darknet starts to accept it. XMR will have the 2nd largest economy after BTC by the year 2018. The trading of drugs and illegal items in the darknet is expanding and the market is global. If there is a market that a coin should penetrate it is the darknet.

[smoothie]

xmr is useless

This post ^ is useless.

It's actually quite amusing to see many trying to detract or talk down the monero price almost in a FOMO/shoulda/woulda/coulda style of missing out.

[arielbit]

www.coindesk.com/us-government-lockheed-martin-bitcoin-analysis-tool/

we need more privacy..they will snoop around the blockchain...xmr cryptonote is immune to this unlike btc

[aminorex]

xmr is useless

This post ^ is useless.

It's actually quite amusing to see many trying to detract or talk down the monero price almost in a FOMO/shoulda/woulda/coulda style of missing out.

To drive out the villagers, poison the well.  Then you can move in, unopposed.

[jaesonma]

Not soon, even dash can't, dash is no.1 anon coin, monero is no.2, maybe ethereum has the chance to replace bitcoin, but maybe in 10 years.

[skysblu]

LOL monero useless coin pump, won't even waste time.

IT WILL dump back down to prior levels in weeks I bet.

thats true, those new coins or pumped coins are usually really useless and i never invest into them to not lose

[aminorex]

Not soon, even dash can't, dash is no.1 anon coin, monero is no.2, maybe ethereum has the chance to replace bitcoin, but maybe in 10 years.

Dash is not even close to being #2.  Coinmarketcap.com is valuing the supernode capital on an MTM basis.  If that capital, and the stealth instamined millions were to float on the market, dash could drop 90% in a day. 

All of the monero is floating.  The cap numbers for Monero are actual, legit numbers.

But yes, not soon.  I think somewhere in the 2020-2024 range it is likely that 1 XMR = 1 BTC.  But both will be at a much higher fiat/gold price by then.