[XMR] Monero Speculation

[GingerAle]

Is this all just about hoping for The Big Pump so we can cash out to fiat and buy Lambos or are we actually trying to accomplish something here?

I just want my Lambo.

But in all seriousness, technology will always be an arms race against governments and organizations trying to regulate and profit from it. We may win some battles, but I doubt there will ever be a time where we can sit back and live happily ever after with a perfectly incorruptible form of money.

True, but to win any battles you have to recognize them as battles worth fighting. I see a lot of people (not only here but also in other threads, reddit, etc.) assuming and accepting that Monero is just going to follow right in Bitcoin's footsteps.

Exactly, and I agree with those people if we just sit back and do nothing. The battles are worth fighting. My point is we have to continue to evolve to stay ahead or we risk being consumed by the politics.

As far as I'm concerned, it's too late for Bitcoin to be saved because it failed to evolve quickly enough.

I'd like to try and accomplish something.

What prevents us from following in bitcoins footsteps? IMO, fighting for decentralization, which probably means the following needs to be addressed:

1. pooling countermeasures
2. blockchain size

The first is probably 75% of it. I'm very pro technology development and figure that in 10 years we'll be near $5 / TB or something ridiculous.

pooling countermeasures are tough though.

[dEBRUYNE]

Is this all just about hoping for The Big Pump so we can cash out to fiat and buy Lambos or are we actually trying to accomplish something here?

I just want my Lambo.

But in all seriousness, technology will always be an arms race against governments and organizations trying to regulate and profit from it. We may win some battles, but I doubt there will ever be a time where we can sit back and live happily ever after with a perfectly incorruptible form of money.

True, but to win any battles you have to recognize them as battles worth fighting. I see a lot of people (not only here but also in other threads, reddit, etc.) assuming and accepting that Monero is just going to follow right in Bitcoin's footsteps.

Exactly, and I agree with those people if we just sit back and do nothing. The battles are worth fighting. My point is we have to continue to evolve to stay ahead or we risk being consumed by the politics.

As far as I'm concerned, it's too late for Bitcoin to be saved because it failed to evolve quickly enough.

I'd like to try and accomplish something.

What prevents us from following in bitcoins footsteps? IMO, fighting for decentralization, which probably means the following needs to be addressed:

1. pooling countermeasures
2. blockchain size

The first is probably 75% of it. I'm very pro technology development and figure that in 10 years we'll be near $5 / TB or something ridiculous.

pooling countermeasures are tough though.

Smart mining could in my opinion serve as a countermeasure to centralization as well. Regarding pooling, what about peer2peer?

[luigi1111]

Is this all just about hoping for The Big Pump so we can cash out to fiat and buy Lambos or are we actually trying to accomplish something here?

I just want my Lambo.

But in all seriousness, technology will always be an arms race against governments and organizations trying to regulate and profit from it. We may win some battles, but I doubt there will ever be a time where we can sit back and live happily ever after with a perfectly incorruptible form of money.

True, but to win any battles you have to recognize them as battles worth fighting. I see a lot of people (not only here but also in other threads, reddit, etc.) assuming and accepting that Monero is just going to follow right in Bitcoin's footsteps.

Exactly, and I agree with those people if we just sit back and do nothing. The battles are worth fighting. My point is we have to continue to evolve to stay ahead or we risk being consumed by the politics.

As far as I'm concerned, it's too late for Bitcoin to be saved because it failed to evolve quickly enough.

I'd like to try and accomplish something.

What prevents us from following in bitcoins footsteps? IMO, fighting for decentralization, which probably means the following needs to be addressed:

1. pooling countermeasures
2. blockchain size

The first is probably 75% of it. I'm very pro technology development and figure that in 10 years we'll be near $5 / TB or something ridiculous.

pooling countermeasures are tough though.

Just for fun...

http://www.pcworld.com/article/128400/article.html

Hitachi notes it took the industry 35 years to reach 1GB (in 1991), 14 years more to reach 500GB (in 2005), and just two more years to reach 1TB.

It took 16 years to go from 1 GB to 1 TB. Now I'm not suggesting we'll have a repeat (or am I?), but only 8 years have passed since we hit 1 TB. It cost $399 then. Now for just over 50% of that we can get 6 TB. It does seem we've hit a bit of wall, with only roughly 3 doublings in the past 8 years (1 -> ~11 TB at same price level), whereas we need ~10 doublings each 16 year period to obtain the 3 OOM jump.

Therefore, we (me) are counting on flash to "bridge the gap", but even without a breakthrough, I'd be quite surprised to NOT see sizes within 1 OOM of the 1 PB target for 2023 (100-200 TB or so).

We already have this: http://arstechnica.com/gadgets/2015/08/samsung-unveils-2-5-inch-16tb-ssd-the-worlds-largest-hard-drive/
It only needs 3-4 doublings to be inside my "not surprised" window (and come *substantially* down in price ).

Color me optimistic. 

[smooth]

Therefore, we (me) are counting on flash to "bridge the gap", but even without a breakthrough, I'd be quite surprised to NOT see sizes within 1 OOM of the 1 PB target for 2023 (100-200 TB or so).

We already have this: http://arstechnica.com/gadgets/2015/08/samsung-unveils-2-5-inch-16tb-ssd-the-worlds-largest-hard-drive/
It only needs 3-4 doublings to be inside my "not surprised" window (and come *substantially* down in price ).

Color me optimistic. 

From a total value perspective SSDs (of equivalent size) are superior to HDs in almost every respect (reliability, performance, etc.). Thus even if capacity doesn't increase at quite the same rate as it did within the HD era, some increases along with the transition from HD to SSD is still consistent with continued rapid improvements in price-performance ("performance" taken broadly in the case of storage to include size).

[owm123]

Coinmarketcap.com is reporting XMR's 24 hour volume as $11,392.

This is the lowest I've ever seen it. Must be near all-time lows.

On polo vol. now is over 100BTC and gives over $30K in volume on Coinmarketcap.com.

I think just regular ups and downs.

[newb4now]

Coinmarketcap.com is reporting XMR's 24 hour volume as $11,392.

This is the lowest I've ever seen it. Must be near all-time lows.

On polo vol. now is over 100BTC and gives over $30K in volume on Coinmarketcap.com.

I think just regular ups and downs.

I think volume will go way up after the next release! The db code will make a huge difference

[phishead]

Coinmarketcap.com is reporting XMR's 24 hour volume as $11,392.

This is the lowest I've ever seen it. Must be near all-time lows.

On polo vol. now is over 100BTC and gives over $30K in volume on Coinmarketcap.com.

I think just regular ups and downs.

I think volume will go way up after the next release! The db code will make a huge difference

Yeah, I think we truly have a good amount of time left to steadily collect all the cheap XMR we want... for now, that is.

[newb4now]

Coinmarketcap.com is reporting XMR's 24 hour volume as $11,392.

This is the lowest I've ever seen it. Must be near all-time lows.

On polo vol. now is over 100BTC and gives over $30K in volume on Coinmarketcap.com.

I think just regular ups and downs.

I think volume will go way up after the next release! The db code will make a huge difference

Yeah, I think we truly have a good amount of time left to steadily collect all the cheap XMR we want... for now, that is.

I am not sure what "a good amount of time" means exactly.  I am hoping the tagged db release comes sometime soon.

[owm123]

Coinmarketcap.com is reporting XMR's 24 hour volume as $11,392.

This is the lowest I've ever seen it. Must be near all-time lows.

On polo vol. now is over 100BTC and gives over $30K in volume on Coinmarketcap.com.

I think just regular ups and downs.

I think volume will go way up after the next release! The db code will make a huge difference

db code does make HUGE difference! I compailed current github version, and it is much better the offical version 8.8.6.

Espeically, monero deomen starts very fast and exits super fast. The most annoying thing in the current version for me, was that closing the deamon took a bit of time, even when using ssd. Now its instant. Also there are a bit of new functions. Comparison of the simplewallet commands: https://i.imgur.com/cFn8bb0.jpg

[phishead]

Coinmarketcap.com is reporting XMR's 24 hour volume as $11,392.

This is the lowest I've ever seen it. Must be near all-time lows.

On polo vol. now is over 100BTC and gives over $30K in volume on Coinmarketcap.com.

I think just regular ups and downs.

I think volume will go way up after the next release! The db code will make a huge difference

Yeah, I think we truly have a good amount of time left to steadily collect all the cheap XMR we want... for now, that is.

I am not sure what "a good amount of time" means exactly.  I am hoping the tagged db release comes sometime soon.

I'm just saying "in general"... But personally I think we have until atleast this upcoming February before things start really picking up... Maybe not, but I'm banking on me having enough time to purchase xmr below the 50-60 cent area until then.

[owm123]

Yeah, I think we truly have a good amount of time left to steadily collect all the cheap XMR we want... for now, that is.

I am not sure what "a good amount of time" means exactly.  I am hoping the tagged db release comes sometime soon.

I'm just saying "in general"... But personally I think we have until atleast this upcoming February before things start really picking up... Maybe not, but I'm banking on me having enough time to purchase xmr below the 50-60 cent area until then.

Why February? Is something scheduled to happen in February for monero?

[iCEBREAKER]

Is this all just about hoping for The Big Pump so we can cash out to fiat and buy Lambos or are we actually trying to accomplish something here?

[VultureFund]

Hi guys, how you doin'

Next big dump ready, be prepared

Just remember what will happen: https://www.youtube.com/watch?v=FghQJazHSVg

[rpietila]

I think CK will continue its exponential growth, from start at 1 character, too 100 after 1 year (now), to 10,000 in another year.

This means that assuming 100 XMR per player investment, in 6 months we get 100k XMR deposited (no large effect on price) and in 12 months we get 1M. That would be significant.

[phishead]

Hi guys, how you doin'

Next big dump ready, be prepared

Just remember what will happen: https://www.youtube.com/watch?v=FghQJazHSVg

Ok thanks man, ready to grab some more cheap coins! Thanks for dumping

[phishead]

Yeah, I think we truly have a good amount of time left to steadily collect all the cheap XMR we want... for now, that is.

I am not sure what "a good amount of time" means exactly.  I am hoping the tagged db release comes sometime soon.

I'm just saying "in general"... But personally I think we have until atleast this upcoming February before things start really picking up... Maybe not, but I'm banking on me having enough time to purchase xmr below the 50-60 cent area until then.

Why February? Is something scheduled to happen in February for monero?

No, I just assume that a lot of people would start buying in before the releases of the GUI.. Whether that be the spring or summer. It's just a guess I'm holding on too, or rather yet a belief since o have still yet to invest as much as I want into Monero.

[VultureFund]

Hi guys, how you doin'

Next big dump ready, be prepared

Just remember what will happen: https://www.youtube.com/watch?v=FghQJazHSVg

Ok thanks man, ready to grab some more cheap coins! Thanks for dumping

Don't thanks us, thank those stupid miners and scared chickens, we all profit with them

[elrippo]

Hi guys, how you doin'

Next big dump ready, be prepared

Just remember what will happen: https://www.youtube.com/watch?v=FghQJazHSVg

Ok thanks man, ready to grab some more cheap coins! Thanks for dumping

Don't thanks us, thank those stupid miners and scared chickens, we all profit with them

Well, i wouldn´t call them stupid, they keep your coins comming and keeping up the network. Try to be a bit more friendly on this topic 

[VultureFund]

Hi guys, how you doin'

Next big dump ready, be prepared

Just remember what will happen: https://www.youtube.com/watch?v=FghQJazHSVg

Ok thanks man, ready to grab some more cheap coins! Thanks for dumping

Don't thanks us, thank those stupid miners and scared chickens, we all profit with them

Well, i wouldn´t call them stupid, they keep your coins comming and keeping up the network. Try to be a bit more friendly on this topic 

Who cares about networks man we're here to make money$$$

[stealth923]

Hi guys, how you doin'

Next big dump ready, be prepared

Just remember what will happen: https://www.youtube.com/watch?v=FghQJazHSVg

Ok thanks man, ready to grab some more cheap coins! Thanks for dumping

How do you know they are cheap? - as far as I can tell the coin is heading back to all time lows. If you buy now I would say ready to lose some money?