[XMR] Monero Speculation

[generalizethis]

Regarding the quote. I'm not cryptographer, but Andersen said that this quote does not really make sense from the cryptographic point of view, and rather proves that Satoshi was not a cryptographer and had only high level knowledge of cryptography.  Real cryptographers would never say something like this

Source:
https://www.youtube.com/watch?v=rQ3e1Pzu7iI&feature=youtu.be&t=748

So not sure if this is really a quote that Monero want to use this quote from Satoshi, as apparently it has no sense.

Indeed, to Gavin credit he doesn't say this quote does not make sense, but that this is the 101 of crypto. My understanding is that Gavin refers to the vague "informal" formulation in the quote, not to the meaning of it. The conclusion of Gavin just based on this poor formulation is really stretched though. The quote was actually a forum post so of course it's not formulated as a science paper.
Worth mentioning that the post of Satoshi with that quote also mentions stealth addresses. In a way, all Monero is in there

https://bitcointalk.org/index.php?topic=770.msg9074#msg9074

One night I had a dream that Satoshi Nakamoto himself came back from the dead with his verified PGP key to provide a sign from above that Monero was the one true coin to rule them all.  A voice thundered from the heavens, "Monero is my beloved coin, listen & take heed," with Satoshi's PGP key signature in the clouds, and a white dove came forth and perched upon the fluffy pony's shoulder.  With Satoshi's blessing the XMR price skyrocketed to $3,141.59 per coin, and the trollboxes of the earth went nuts.  Then I awoke and behold it was a dream...  

It wouldn't even have to be this complicated. If you saw his funds move into a coin, you'd see that coin become the one. Though I'd like to see the fantasy art as you dreamed it. A masked Satoshi throwing lightning bolts at banksters while riding a winged fluffy pony would be pretty bad ass.

[TrueCryptonaire]

I have been following Monero off and on for about a year now, and have been accumulating various amounts since around March of last year. I certainly do not know as much about Monero or other cryptocurrencies as most of y'all, however, similar to what somebody was saying earlier- bubbles can be immensely beneficial for the Monero community. Just as he was saying, out of bubbles such as the 1929 bubble, the dot com bubble, or even the Bitcoin bubble, many long lasting companies and investors were created. Monero is the internet's best kept secret and the community suffers from a serious lack of publicity and marketing. Now with the recent update more of the general public can become involved and begin to pump up prices and begin generating serious interest in this wonderful project.



P.S. I have my own hopes and predictions, but, I would like to ask all of you where you see the price of Monero in the next: month, 3 months, 6 months, and year- respectively.

That's not easy to answear really.
It is all about marketing and selling this project to people outside of this forum. Potentially there are probably quite big need for a coin like this but unfortunately the problem is the ones needing Monero the most probably never heared it before.
If the marketing issue will be fixed, I think everything else will follow as a positive loop that I've described in my earlier post into this thread.
A few million usd invested in Monero will bring the price to another level. The whales probably own so large share of the pie that pouring out a couple of millions of dollars increase the marketcap by quantom leap.
To marketbuy Monero until 0.01 (roughly 10 times from current) costs around 1300 btc and to maintain it it is required with current emission 108 btc/day. I am not taking into account the number of coins sitting on sidelines waiting to be sold but also I am not taking into account "fake sell orders" either. Therefore, if there are 1000 people actively buying coins, one buyer needs to spend 0.11 btc/day to maintain it there and if this 0.11 btc/buyer/day is a constant flow of btc into Monero the price start to rise slowly from there even without much pumping due to gradual decrease in coins mined per day.

[digicoin]

Why do you think that they are wrong? What is your proposal?

but I favor a hard fork to 2 MB followed by a slow automatic increase of maybe 10% per year for say 10-20 years. Slow enough that if it looks to be running out beyond hardware improvements it can be rolled back with 1-2 year lead time for another fork.

Your proposal is still developer-centric (like BIP101) because it requires developer's decision on code change to enforce hard economic rules. It is still political because miners, merchants and end users can question if 10% increase is very conservative or not. If 10% increase is too low, Bitcoin may need another hard fork. Meanwhile hard forking is a complicated issue in Bitcoin community. I really think rolling hard fork in Monero is an important feature in the future.

PS: I am a big blocker, support hard fork (not conservative soft fork word-arounds) if needed to move Bitcoin's development forward

[americanpegasus]

Though I'd like to see the fantasy art as you dreamed it. A masked Satoshi throwing lightning bolts at banksters while riding a winged fluffy pony would be pretty bad ass.

 
 
Hehe. 
 
If Satoshi wants to borrow my account for a bit to do some trolling, he would only have to ask.    
 
Anyway, don't be so quick to wish for this.  Bitcoin would have benefitted from the talent and intellect behind it coming out and saying, "Here are my/our creditentials.  Look what we made." 
 
But it didn't, and as a result truly transcended borders.  It was a force arising from nothing. 
 
The universe would make a lot more sense too if God came out and said, "Yep, it was me.  How do you like it?"  But instead we have a mysterious dimension that has arisen from nothing with nothing backing it. 
 
Monero too must walk the hard road, and arise from nothing, same as all other 'universes' have.  It is this struggle that gives it legitimacy.  If some mysterious force can suddenly shift his beliefs at a whim, what's to say he/she/they won't do it again? 
 
Monero doesn't need Satoshi's name; the talent and technology those individuals have likely brought to Cryptonote behind the scenes are enough.

[generalizethis]

Though I'd like to see the fantasy art as you dreamed it. A masked Satoshi throwing lightning bolts at banksters while riding a winged fluffy pony would be pretty bad ass.

 
  
Hehe.  
  
If Satoshi wants to borrow my account for a bit to do some trolling, he would only have to ask.    
  
Anyway, don't be so quick to wish for this.  Bitcoin would have benefitted from the talent and intellect behind it coming out and saying, "Here are my/our creditentials.  Look what we made."  
  
But it didn't, and as a result truly transcended borders.  It was a force arising from nothing.  
  
The universe would make a lot more sense too if God came out and said, "Yep, it was me.  How do you like it?"  But instead we have a mysterious dimension that has arisen from nothing with nothing backing it.  
  
Monero too must walk the hard road, and arise from nothing, same as all other 'universes' have.  It is this struggle that gives it legitimacy.  If some mysterious force can suddenly shift his beliefs at a whim, what's to say he/she/they won't do it again?  
  
Monero doesn't need Satoshi's name; the talent and technology those individuals have likely brought to Cryptonote behind the scenes are enough.

I agree that Monero doesn't need Satoshi's backing. But on the flip side of that, I doubt it would hurt and Satoshi would be true to his broader cypherpunk aims if he did back a coin that proved to be more disruptive to the regime that inspired him (or HER, inconceivable said a short, lispy, balding man) to create Bitcoin in the first place.

And on another topic, why aren't you playing CryptoKingdom? You'd probably love it and we could use your infectious attitude now that the game is ramping up for a broader audience.

[flagel8]

Marketing is the weakness of Monero currently.
There is no marketing taking place...

...Monero is the internet's best kept secret and the community suffers from a serious lack of publicity and marketing. ...

I have felt this for quite a while. Clock's ticking, and all the advantages and strengths of Monero vis a vis other Cryptos are being appropriated by other technically inferior coins that have much better marketing. I feel bad for being so critical, when I myself am doing nothing to help the coin, but am hoping that someone with skills in the needed areas, skills which I do not have, will decide to do something before it is too late.

GUI. Smart mining. Please. Before it is too late. If it is not too late already.

edit:grammar

[rpietila]

Before it is too late. If it is not too late already.

Unless Crypto Kingdom goes bust, XMR cannot go bust.

Instead of going bust, CK has a target of 10,000 players by the end of 2016.

[GingerAle]

Marketing is the weakness of Monero currently.
There is no marketing taking place...

...Monero is the internet's best kept secret and the community suffers from a serious lack of publicity and marketing. ...

I have felt this for quite a while. Clock's ticking, and all the advantages and strengths of Monero vis a vis other Cryptos are being appropriated by other technically inferior coins that have much better marketing. I feel bad for being so critical, when I myself am doing nothing to help the coin, but am hoping that someone with skills in the needed areas, skills which I do not have, will decide to do something before it is too late.

GUI. Smart mining. Please. Before it is too late. If it is not too late already.

edit:grammar

GUIs - already exist. Anyone in normal space doesn't give a damn whether a GUI is official or not. My first bitcoin was managed through blockchain.info via coinbase. In fact, I never used a client / core software on my PC for bitcoin (and I bet this is true for 99.9% of the people that don't traverse bitcointalk). And I bet 99% of newcomers to monero will be quite satisfied with mymonero.com, which is equivalent to blockchain.info.

Smart mining - not going to really do much for marketing, IMO. More of a nice feature that boosts the fundamentals of the currency network.

Unfortunately (or fortunately for us hodlers) the easiest and most effective method of marketing would be market-by-moon. Using very curse and naive calculations based on numbers on poloniex, to hit 1 XMR = 2 BTC (which is a good moonshot, considering) would take 2557 bitcoin, or approximately 1.1 million USD.

So if you know anyone with 1.1 million USD to burn and wants to make a quick buck (because the FOMO wave that this would cause would probably allow enough liquidity and demand to make a tidy sum off of this kind of bubble), have at it!

For an even crazier moonshot, 9713 bitcoin would be needed, to drive 1 XMR = 5000 BTC, or 4.2 million USD.

For reference, a 30 second ad in the superbowl is 4.5 million USD.
http://www.bbc.com/news/world-us-canada-31064972

In less than 30 seconds, (clicking some things on poloniex) you could blow 4.5 million on a very effective advertising campaign for monero.

[TrueCryptonaire]

Before it is too late. If it is not too late already.

Unless Crypto Kingdom goes bust, XMR cannot go bust.

Instead of going bust, CK has a target of 10,000 players by the end of 2016.

Sir, what are the means/strategy to achieve this goal? I hope it is a legitimate goal, not a dream (without a good strategy and marketing it indeed is just a dream).

[Kelvinid]

Before it is too late. If it is not too late already.

Unless Crypto Kingdom goes bust, XMR cannot go bust.

Instead of going bust, CK has a target of 10,000 players by the end of 2016.

Sir, what are the means/strategy to achieve this goal? I hope it is a legitimate goal, not a dream (without a good strategy and marketing it indeed is just a dream).

10,000 players, if each one has 100 Monero between, that is about 1 million Monero. The total number of monero is about 19M, so that is about 5% of total Monero.

[wpalczynski]

Marketing is the weakness of Monero currently.
There is no marketing taking place...

...Monero is the internet's best kept secret and the community suffers from a serious lack of publicity and marketing. ...

I have felt this for quite a while. Clock's ticking, and all the advantages and strengths of Monero vis a vis other Cryptos are being appropriated by other technically inferior coins that have much better marketing. I feel bad for being so critical, when I myself am doing nothing to help the coin, but am hoping that someone with skills in the needed areas, skills which I do not have, will decide to do something before it is too late.

GUI. Smart mining. Please. Before it is too late. If it is not too late already.

edit:grammar

GUIs - already exist. Anyone in normal space doesn't give a damn whether a GUI is official or not. My first bitcoin was managed through blockchain.info via coinbase. In fact, I never used a client / core software on my PC for bitcoin (and I bet this is true for 99.9% of the people that don't traverse bitcointalk). And I bet 99% of newcomers to monero will be quite satisfied with mymonero.com, which is equivalent to blockchain.info.

Smart mining - not going to really do much for marketing, IMO. More of a nice feature that boosts the fundamentals of the currency network.

Unfortunately (or fortunately for us hodlers) the easiest and most effective method of marketing would be market-by-moon. Using very curse and naive calculations based on numbers on poloniex, to hit 1 XMR = 2 BTC (which is a good moonshot, considering) would take 2557 bitcoin, or approximately 1.1 million USD.

So if you know anyone with 1.1 million USD to burn and wants to make a quick buck (because the FOMO wave that this would cause would probably allow enough liquidity and demand to make a tidy sum off of this kind of bubble), have at it!

For an even crazier moonshot, 9713 bitcoin would be needed, to drive 1 XMR = 5000 BTC, or 4.2 million USD.

For reference, a 30 second ad in the superbowl is 4.5 million USD.
http://www.bbc.com/news/world-us-canada-31064972

In less than 30 seconds, (clicking some things on poloniex) you could blow 4.5 million on a very effective advertising campaign for monero.

100x or even 1000x more bitcoin would be needed to hit 1xmr=2btc.  With the price rising the sell orders would start appearing, the current order book is somewhat irrelevant when we are discussing a price which is so far away from current market price.

[wpalczynski]

Before it is too late. If it is not too late already.

Unless Crypto Kingdom goes bust, XMR cannot go bust.

Instead of going bust, CK has a target of 10,000 players by the end of 2016.

Sir, what are the means/strategy to achieve this goal? I hope it is a legitimate goal, not a dream (without a good strategy and marketing it indeed is just a dream).

10,000 players, if each one has 100 Monero between, that is about 1 million Monero. The total number of monero is about 19M, so that is about 5% of total Monero.

Wait, so Monero's, basically, Crypto Kingdom in-game currency?

No, CK is just one of many services which leverages monero.

[SmoothCurves]

Marketing is the weakness of Monero currently.
There is no marketing taking place...

...Monero is the internet's best kept secret and the community suffers from a serious lack of publicity and marketing. ...

I have felt this for quite a while. Clock's ticking, and all the advantages and strengths of Monero vis a vis other Cryptos are being appropriated by other technically inferior coins that have much better marketing. I feel bad for being so critical, when I myself am doing nothing to help the coin, but am hoping that someone with skills in the needed areas, skills which I do not have, will decide to do something before it is too late.

GUI. Smart mining. Please. Before it is too late. If it is not too late already.

edit:grammar

GUIs - already exist. Anyone in normal space doesn't give a damn whether a GUI is official or not. My first bitcoin was managed through blockchain.info via coinbase. In fact, I never used a client / core software on my PC for bitcoin (and I bet this is true for 99.9% of the people that don't traverse bitcointalk). And I bet 99% of newcomers to monero will be quite satisfied with mymonero.com, which is equivalent to blockchain.info.

Smart mining - not going to really do much for marketing, IMO. More of a nice feature that boosts the fundamentals of the currency network.

Unfortunately (or fortunately for us hodlers) the easiest and most effective method of marketing would be market-by-moon. Using very curse and naive calculations based on numbers on poloniex, to hit 1 XMR = 2 BTC (which is a good moonshot, considering) would take 2557 bitcoin, or approximately 1.1 million USD.

So if you know anyone with 1.1 million USD to burn and wants to make a quick buck (because the FOMO wave that this would cause would probably allow enough liquidity and demand to make a tidy sum off of this kind of bubble), have at it!

For an even crazier moonshot, 9713 bitcoin would be needed, to drive 1 XMR = 5000 BTC, or 4.2 million USD.

For reference, a 30 second ad in the superbowl is 4.5 million USD.
http://www.bbc.com/news/world-us-canada-31064972

In less than 30 seconds, (clicking some things on poloniex) you could blow 4.5 million on a very effective advertising campaign for monero.

Sorry, what? 1 XMR = 2 BTC for 1.1Million? That doesn't sound right.

[rjclarke2000]

Marketing is the weakness of Monero currently.
There is no marketing taking place...

...Monero is the internet's best kept secret and the community suffers from a serious lack of publicity and marketing. ...

I have felt this for quite a while. Clock's ticking, and all the advantages and strengths of Monero vis a vis other Cryptos are being appropriated by other technically inferior coins that have much better marketing. I feel bad for being so critical, when I myself am doing nothing to help the coin, but am hoping that someone with skills in the needed areas, skills which I do not have, will decide to do something before it is too late.

GUI. Smart mining. Please. Before it is too late. If it is not too late already.

edit:grammar

GUIs - already exist. Anyone in normal space doesn't give a damn whether a GUI is official or not. My first bitcoin was managed through blockchain.info via coinbase. In fact, I never used a client / core software on my PC for bitcoin (and I bet this is true for 99.9% of the people that don't traverse bitcointalk). And I bet 99% of newcomers to monero will be quite satisfied with mymonero.com, which is equivalent to blockchain.info.

Smart mining - not going to really do much for marketing, IMO. More of a nice feature that boosts the fundamentals of the currency network.

Unfortunately (or fortunately for us hodlers) the easiest and most effective method of marketing would be market-by-moon. Using very curse and naive calculations based on numbers on poloniex, to hit 1 XMR = 2 BTC (which is a good moonshot, considering) would take 2557 bitcoin, or approximately 1.1 million USD.

So if you know anyone with 1.1 million USD to burn and wants to make a quick buck (because the FOMO wave that this would cause would probably allow enough liquidity and demand to make a tidy sum off of this kind of bubble), have at it!

For an even crazier moonshot, 9713 bitcoin would be needed, to drive 1 XMR = 5000 BTC, or 4.2 million USD.

For reference, a 30 second ad in the superbowl is 4.5 million USD.
http://www.bbc.com/news/world-us-canada-31064972

In less than 30 seconds, (clicking some things on poloniex) you could blow 4.5 million on a very effective advertising campaign for monero.

How is this possible? 1.1M?

It would need a over a billion surely.

[smooth]

GingerAle is referring to sell orders that are on the books. And he's right. If you dumped the required amount of BTC into Poloniex and did one massive market buy you would drive the price up to those levels. Keeping it there is another story, but you could drive it there and possibly keep it there for the 30-second duration of a Super Bowl commercial.

[rjclarke2000]

GingerAle is referring to sell orders that are on the books. And he's right. If you dumped the required amount of BTC into Poloniex and did one massive market buy you would drive the price up to those levels. Keeping it there is another story, but you could drive it there and possibly keep it there for the 30-second duration of a Super Bowl commercial.

I see. I wouldn't have known that.

The more I read about Monero the more I want to invest.

[GingerAle]

GingerAle is referring to sell orders that are on the books. And he's right. If you dumped the required amount of BTC into Poloniex and did one massive market buy you would drive the price up to those levels. Keeping it there is another story, but you could drive it there and possibly keep it there for the 30-second duration of a Super Bowl commercial.

It would probably stay there longer than 30 seconds. With all of the KYC stuff with polo now, there's probably not quick money there. Add on top of that anyone buying monero from poloniex would have to move bitcoin to poloniex (if they hopped on the FOMO wave and if > 75% of existing traders adhere to the "don't keep your money on an exchange" ethos), so you've got 10-30 minute blocks to contend with. Time this market buy with a bitcoin "stress test"......

[smooth]

GingerAle is referring to sell orders that are on the books. And he's right. If you dumped the required amount of BTC into Poloniex and did one massive market buy you would drive the price up to those levels. Keeping it there is another story, but you could drive it there and possibly keep it there for the 30-second duration of a Super Bowl commercial.

It would probably stay there longer than 30 seconds. With all of the KYC stuff with polo now, there's probably not quick money there. Add on top of that anyone buying monero from poloniex would have to move bitcoin to poloniex (if they hopped on the FOMO wave and if > 75% of existing traders adhere to the "don't keep your money on an exchange" ethos), so you've got 10-30 minute blocks to contend with. Time this market buy with a bitcoin "stress test"......

You're assuming that all the XMR already on Poloniex is on the BTCXMR order book already. It isn't. Once you drive the price up you will need an enormous amount of BTC to sustain it once that XMR starts finding its way there. The highest price XMR on the book now is 1@5000. Once you drive the price up to 5000 do you think there won't be 1000 XMR that wakes up and gets dumped almost immediately? You'd need 5 million BTC to absorb it. Not gonna happen.

[boolberry]

Before it is too late. If it is not too late already.

Unless Crypto Kingdom goes bust, XMR cannot go bust.

Instead of going bust, CK has a target of 10,000 players by the end of 2016.

Sir, what are the means/strategy to achieve this goal? I hope it is a legitimate goal, not a dream (without a good strategy and marketing it indeed is just a dream).

I believe this is absolutely a legitimate goal but also interested in hearing more about the marketing plan. How will more users outside of the Monero community be introduced to the game?

[iCEBREAKER]

Before it is too late. If it is not too late already.

Unless Crypto Kingdom goes bust, XMR cannot go bust.

Instead of going bust, CK has a target of 10,000 players by the end of 2016.

Sir, what are the means/strategy to achieve this goal? I hope it is a legitimate goal, not a dream (without a good strategy and marketing it indeed is just a dream).

I believe this is absolutely a legitimate goal but also interested in hearing more about the marketing plan. How will more users outside of the Monero community be introduced to the game?

Until the GUI is done, the Official marketing schedule is limited to scoping and planning.

Of course informal word-of-mouth stuff shall proceed apace, especially now the DB is done and the RAM req is reduced to <100MB.