Gold collapsing. Bitcoin UP.

[rpietila]

=> I bought MRO

But would you have still taken a speculative position in MRO if you could freely claim a share of a spin-off clone of Monero in proportion to your bitcoin holdings?

I don't know, maybe maybe not. But that does not change the fact that:
a) if there's such a clone, I'll get my share for free anyway 
b) MRO was the first coin that fulfilled my 2 criteria for a viable altcoin.

Besides imo a "speculative position" is something that is a larger % of the coin's eventual market cap than you have of Bitcoin's market cap. A hedge position is an equal percentage.

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[domob]

Sorry to derail the thread even further, but this seems just like darkcoin? What is the benefit of this over it?

There has to be two things for an alt to have a snowball's chance to succeed:
- A real benefit over BTC, which is not implementable in BTC
- Slow public launch with no premine to distribute the coins fairly and widely, while keeping the network secure for years to come

MRO is the almost only altcoin ever to have a launch that qualifies. What a luck that it is one of only a few coins that fulfil the tech criterion also.

You may also be interested in Namecoin.  IMHO, it also satisfies both your criteria.  It was launched already in 2011 (and was actually the first altcoin ever, I think), so not too much hype.  And it implements real technical additions over Bitcoin, unlikely to be added to Bitcoin.  (Even more unlikely than Bitcoin gaining strong anonymity, IMHO.)

[cypherdoc]

Gold collapsing. Bitcoin UP.

[rpietila]

You may also be interested in Namecoin.  IMHO, it also satisfies both your criteria.  It was launched already in 2011 (and was actually the first altcoin ever, I think), so not too much hype.  And it implements real technical additions over Bitcoin, unlikely to be added to Bitcoin.  (Even more unlikely than Bitcoin gaining strong anonymity, IMHO.)

Namecoin has had enough time to prove that it is not going anywhere.

[kjj]

You may also be interested in Namecoin.  IMHO, it also satisfies both your criteria.  It was launched already in 2011 (and was actually the first altcoin ever, I think), so not too much hype.  And it implements real technical additions over Bitcoin, unlikely to be added to Bitcoin.  (Even more unlikely than Bitcoin gaining strong anonymity, IMHO.)

Namecoin has had enough time to prove that it is not going anywhere.

Which is fine, because it isn't intended to go anywhere.  Namecoin isn't a monetary coin.

[rpietila]

Namecoin isn't a monetary coin.

LMAO for non-monetary coins.

[adamstgBit]

Namecoin isn't a monetary coin.

LMAO for non-monetary coins.

namecoin is useful as it allows a decentralized censorship resistant DNS .bit domains

its a cool alt coin thats been out for a long time.

I wouldn't speculate on namecoin, but i can see myself possibly buying a few to get a .bit domain

[cypherdoc]

Hey TeeBone,

You're lucky you weaseled out on our bet. Your immature response is precisely why I insisted on escrow. I had it all arranged with Melbustus.

[Melbustus]

...
I had it all arranged with Melbustus.

Confirmed.

[Zangelbert Bingledack]

If there was any question that Vitalik Buterin  doesn't understand Bitcoin economics, here it is:

The reason why having a fixed never-growing supply is undesirable is obvious: it encourages wealth concentration and creates a static community of holders without an effective way for new people to get in, and it means that the coin has no way to incentive any specific kind of activity in the long term.

http://blog.ethereum.org/2014/05/24/on-long-term-cryptocurrency-distribution-models/

Kinda sad really.  

FTFY.

[cypherdoc]

If there was any question that Vitalik Buterin  doesn't understand Bitcoin economics, here it is:

The reason why having a fixed never-growing supply is undesirable is obvious: it encourages wealth concentration and creates a static community of holders without an effective way for new people to get in, and it means that the coin has no way to incentive any specific kind of activity in the long term.

http://blog.ethereum.org/2014/05/24/on-long-term-cryptocurrency-distribution-models/

Kinda sad really.  

FTFY.

no, Bitcoin is not just about understanding the technical aspects which he clearly does.

it's about understanding Bitcoin as a whole; the technical aspects plus the economic incentives involved.  if he fails to understand either one of those, he fails to understand Bitcoin.

[cypherdoc]

breaking support like this on high volume is NOT good, Teebone:

[Zangelbert Bingledack]

no, Bitcoin is not just about understanding the technical aspects which he clearly does.

it's about understanding Bitcoin as a whole; the technical aspects plus the economic incentives involved.  if he fails to understand either one of those, he fails to understand Bitcoin.

Absolutely agree. I meant he doesn't (even) understand economics, which is a prerequisite for really understanding Bitcoin.

[cypherdoc]

remember i warned about market leader SLW?  well, down the chute we go!

[cypherdoc]

we all like things to go up so i thought i'd throw this one in there:  BREAKOUT

[cypherdoc]

oh Lordy:

[cypherdoc]

Peter Schiff is probably selling his gold as fast as he can for Bitcoin.

[dnaleor]

Namecoin isn't a monetary coin.

LMAO for non-monetary coins.

namecoin is useful as it allows a decentralized censorship resistant DNS .bit domains

its a cool alt coin thats been out for a long time.

I wouldn't speculate on namecoin, but i can see myself possibly buying a few to get a .bit domain

I'm bullish, but not in the short term. If the gov restricts internet acces even more, .bit will take of!

[cypherdoc]

Namecoin isn't a monetary coin.

LMAO for non-monetary coins.

namecoin is useful as it allows a decentralized censorship resistant DNS .bit domains

its a cool alt coin thats been out for a long time.

I wouldn't speculate on namecoin, but i can see myself possibly buying a few to get a .bit domain

I'm bullish, but not in the short term. If the gov restricts internet acces even more, .bit will take of!

i actually like Namecoin.  the ICANN decision is bullish.

i'd buy some if i could figure out how to download their wallet!

[molecular]

Namecoin isn't a monetary coin.

LMAO for non-monetary coins.

namecoin is useful as it allows a decentralized censorship resistant DNS .bit domains

its a cool alt coin thats been out for a long time.

I wouldn't speculate on namecoin, but i can see myself possibly buying a few to get a .bit domain

actually namecoin is interesting from a theoretical perspective. Because it clearly has "intrinsic value" (by most definitions) separate from the monetary aspect (as opposed to bitcoin where the intrinsic value is not that apparent and intertwined with its use for transactional purposes) and makes the regression theorem work without having to bend it. This should appeal to gold-bugs and austrians for these reasons. The fact the gold-bugs are not jumping on NMC in hoardes tells me the whole "intrinsic value" argument is flawed.