[XMR] Monero Speculation

[TaunSew]

Are people forgetting the single large volume buys that took us to 400+? Seems weird how people are scared the price went down again.

Monero can realistically replace btc in 3 years (the most optimistic scenario).

No 

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[TrueCryptonaire]

Are people forgetting the single large volume buys that took us to 400+? Seems weird how people are scared the price went down again.

Monero can realistically replace btc in 3 years (the most optimistic scenario).

No 

I am glad that you had such a fundamental arguments backing your point.

[futureofbitcoin]

Are people forgetting the single large volume buys that took us to 400+? Seems weird how people are scared the price went down again.

Monero can realistically replace btc in 3 years (the most optimistic scenario).

No 

I am glad that you had such a fundamental arguments backing your point.

Monero is more than 3 years behind in terms of development.
Monero is probably more than 3 years behind in terms of network effects.
Monero is probably more than 3 years behind in terms of being known to the public.
Monero is more than 3 years behind in terms of amount of news sources covering it.

Monero won't replace bitcoin. Not in a long time. And if bitcoin gets replaced by a fully anon coin, chances are it won't be monero. I think monero really should carve out its own niche. There's no need to compete against bitcoin.

[vokain]

^^TrueCryptonaire did say "most optimistic". A possibility where Monero passes Bitcoin is if Bitcoin fails something crucial that Monero proves to be capable of. With the road that Bitcoin paved/is paving, operators can trivially accept Monero as the market calls for it, accelerating to the 10% critical adoption point through the rest of Bitcoin's network faster than one might expect.

Offtopic edit: reflecting on writing this, I now realize why I scored higher for "perceiving" than "judging" on this Myers-Briggs test I just took again after someone mentioned the INTJ archetype on the other thread

Are people forgetting the single large volume buys that took us to 400+? Seems weird how people are scared the price went down again.

Monero can realistically replace btc in 3 years (the most optimistic scenario).

No  

I am glad that you had such a fundamental arguments backing your point.

You didn't exactly set the best example for the guy lol though at least I generally share your general sentiment

[TrueCryptonaire]

Are people forgetting the single large volume buys that took us to 400+? Seems weird how people are scared the price went down again.

Monero can realistically replace btc in 3 years (the most optimistic scenario).

No  

I am glad that you had such a fundamental arguments backing your point.

Monero is more than 3 years behind in terms of development.
Monero is probably more than 3 years behind in terms of network effects.
Monero is probably more than 3 years behind in terms of being known to the public.
Monero is more than 3 years behind in terms of amount of news sources covering it.

Monero won't replace bitcoin. Not in a long time. And if bitcoin gets replaced by a fully anon coin, chances are it won't be monero. I think monero really should carve out its own niche. There's no need to compete against bitcoin.

Network effect is easy to achieve. Just a bullish overall trend will first attract VC money (this increases the marketcap which will help increasing even more network effect which increases the marketcap which increases even more the network effect which increases....

Development will follow pretty fast if the network effect is enough. Investors will invest in infrastructure and the development will be made in many ways.
That's how it was the case with btc. And if XMR gets bullish trend, there are for sure investors who want to invest in the bullish investment vehicle.
Nothing is 100 % sure, but this is pretty sure.

And I did not say it is a realistic scenario for Monero to reach BTC in marketcap in 3 years but it certainly is possible. Bitcoin started pretty much from nowhere and in 3 years it reached pretty decent market capitalisation - in 2011 the highest price was 32 usd and there was hardly anyone investing into Bitcoin.

Monero has the later mover advantage over bitcoin. Bitcoin have had to put a lot of resources on pioneering crypto currency, Monero on the other hand gets a set table.

3 years is on one hand a long time, on the other hand it is pretty darn short time. It's pretty hard to predict at this point how Monero adoption will go forward. Pretty much it needs some positive comments publically from people to whom the sheep listen to.

More realistic scenario for overtaking btc in marketcapwise is definetely 3+ years, but 3 years definetely is a possibility.
I am not jumping off the cliff if this will not happen.


I think it is important to keep on discussing this thing and rather aim at higher than lower. 

[futureofbitcoin]

I wonder how many of the "bitcoin companies" are really just "crypto companies", and can easily pivot or add another coin to their service. I think that VCs probably have considered the slight possibility of another crypto overtaking bitcoin, and they would probably want their companies to be able to quickly adapt and become a forerunner of this new coin.


Let's make a bet. If monero reaches parity with bitcoin in 3 years, and given that it wasn't because crypto completely failed (so say the market cap of xmr > 8 billion)

Then I'll invite you to my mansion (that I haven't yet bought, of course) for a week-long feast, party 24-7.

[explorer]

I wonder how many of the "bitcoin companies" are really just "crypto companies", and can easily pivot or add another coin to their service. I think that VCs probably have considered the slight possibility of another crypto overtaking bitcoin, and they would probably want their companies to be able to quickly adapt and become a forerunner of this new coin.


Let's make a bet. If monero reaches parity with bitcoin in 3 years, and given that it wasn't because crypto completely failed (so say the market cap of xmr > 8 billion)

Then I'll invite you to my mansion (that I haven't yet bought, of course) for a week-long feast, party 24-7.

We'll  be partied out before that 

[generalizethis]

Are people forgetting the single large volume buys that took us to 400+? Seems weird how people are scared the price went down again.

Monero can realistically replace btc in 3 years (the most optimistic scenario).

No 

I am glad that you had such a fundamental arguments backing your point.

Monero is more than 3 years behind in terms of development.
Monero is probably more than 3 years behind in terms of network effects.
Monero is probably more than 3 years behind in terms of being known to the public.
Monero is more than 3 years behind in terms of amount of news sources covering it.

Monero won't replace bitcoin. Not in a long time. And if bitcoin gets replaced by a fully anon coin, chances are it won't be monero. I think monero really should carve out its own niche. There's no need to compete against bitcoin.

I think it comes down to symbols. The symbol of cash doesn't exist in the digital world outside of a monero and once Monero is recognized as the (most?) digital cash symbol, there will follow a natural demand. I think Bitcoin enjoyed this cash-symbolization briefly before everyone realized that it was just another symbol for credit--though an asset class as digital gold will most likely prove to be Bitcoin's place in an increasingly digital life.

There's a demand to replace the natural world's symbols with digital equivalencies, so these movements seem pretty natural to me--no different than replacing your physical self with an avatar on facebook or bitcointalk. On a less symbolic level, I think the need for a digital cash equivalent will be needed as the internet of things grows and privacy becomes more and more of an issue. Who wants theft drones intercepting their Amazon order because they could see the transaction on a public blockchain and make trivial calculations to figure where it was being sent from and to whom?

[keystroke]

if downtrend is still in force, we are going sub-90

90 isn't even possible for more than a few hours, unless btc goes up a lot.  I simply have too much fiat exposure for that to happen.

The aminorex put.

[pa]

Some publicity for SDC: http://motherboard.vice.com/read/the-race-for-the-first-decentralised-silk-road-is-on

Edit: I am puzzled at the lack of attention that Monero gets from the media, even those outlets that cover other privacy-oriented crypto-currencies.

[GTO911]

Smooth needs to delete crapcoin advertisements

[Hueristic]

Smooth needs to delete crapcoin advertisements

Yeah, getting sick Of seeing that same paid for link being spammed. Anyway gave me another for the ignore list.

....

Offtopic edit: reflecting on writing this, I now realize why I scored higher for "perceiving" than "judging" on this Myers-Briggs test I just took again after someone mentioned the INTJ archetype on the other thread

ENTP here.

[vokain]

....

Offtopic edit: reflecting on writing this, I now realize why I scored higher for "perceiving" than "judging" on this Myers-Briggs test I just took again after someone mentioned the INTJ archetype on the other thread

ENTP here.

The visionary! I'm an INTP myself though I think the previous time I took it I was INFP, but before that INTP again too.

We all have such importance in our lives

[Hueristic]

....

Offtopic edit: reflecting on writing this, I now realize why I scored higher for "perceiving" than "judging" on this Myers-Briggs test I just took again after someone mentioned the INTJ archetype on the other thread

ENTP here.

The visionary! I'm an INTP myself though I think the previous time I took it I was INFP, but before that INTP again too.

We all have such importance in our lives

Just means I think on a larger scale and pay for it in the short run of my own life.
I don't covet material things, thats why I disdain those that do at the expense of those in real need. I only took the test once in the 90's.

[Anon136]

....

Offtopic edit: reflecting on writing this, I now realize why I scored higher for "perceiving" than "judging" on this Myers-Briggs test I just took again after someone mentioned the INTJ archetype on the other thread

ENTP here.

The visionary! I'm an INTP myself though I think the previous time I took it I was INFP, but before that INTP again too.

We all have such importance in our lives

I thought everyone on this forum was INTJ but i guess there are a few fellow INTP's

[Anon136]

thats why I disdain those that do at the expense of those in real need.

A great number of the greatest advances which have lead to improvements in the lives of the poor have been done in the pursuit of a greater material things for the innovator. In ancient times if you redistributed the wealth from all the worlds kings and aristocrats evenly among the worlds poor it would have fed them for like a week and that would have been the end of it. But people (often) in the pursuit of material possession have created amazing capital goods that have transformed the world. Relatively poor africans have cell phones with access to the internet for crying out loud, and soon even the poorest will, thus equipping them with the tools to take charge of their lives, gain an education, and improve their own situations immeasurably. This is just one example, i'm sure you can come up with 100 more if you try. The people who are building the cell phones and the networks aren't doing it out of altruism, they are doing to for material possessions. This is how capitalism (not to be confused with cronyism) works, and it's a beautiful thing.

[Hueristic]

A great number of the greatest advances which have lead to improvements in the lives of the poor have been done in the pursuit of a greater material things for the innovator. In ancient times if you redistributed the wealth from all the worlds kings and aristocrats evenly among the worlds poor it would have fed them for like a week and that would have been the end of it.

This is a misnomer.

But people (often) in the pursuit of material possession have created amazing capital goods that have transformed the world. Relatively poor africans have cell phones with access to the internet for crying out loud, and soon even the poorest will, thus equipping them with the tools to take charge of their lives, gain an education, and improve their own situations immeasurably. The people who are building the cell phones and the networks aren't doing it out of altruism, they are doing to for material possessions. This is how capitalism (not to be confused with cronyism) works, its a beautiful thing.

Yup and I'm sure those that paid with their live for the Pyramids, Majesty of the Roman empire and more close to home the rail expansion would whole heartedly agree with you. It is after all a good thing to have a cell phone as a reward for the sacrifices of you ancestors.

[vokain]

Do what thou wilt, because either way you'll learn!

"At all times sincere friends of freedom have been rare, and its triumphs have been due to minorities, that have prevailed by associating themselves with auxiliaries whose objects often differed from their own; and this association, which is always dangerous, has been sometimes disastrous, by giving to opponents just grounds of opposition, and by kindling dispute over the spoils in the hour of success. No obstacle has been so constant, or so difficult to overcome, as uncertainty and confusion touching the nature of true liberty. If hostile interests have wrought much injury, false ideas have wrought still more; and its advance is recorded in the increase of knowledge, as much as in the improvement of laws."
Lord Acton, "The History of Freedom in Antiquity", 1877

Love is the law.

[Anon136]

thats why I disdain those that do at the expense of those in real need.

A great number of the greatest advances which have lead to improvements in the lives of the poor have been done in the pursuit of a greater material things for the innovator. In ancient times if you redistributed the wealth from all the worlds kings and aristocrats evenly among the worlds poor it would have fed them for like a week and that would have been the end of it. But people (often) in the pursuit of material possession have created amazing capital goods that have transformed the world. Relatively poor africans have cell phones with access to the internet for crying out loud, and soon even the poorest will, thus equipping them with the tools to take charge of their lives, gain an education, and improve their own situations immeasurably. The people who are building the cell phones and the networks aren't doing it out of altruism, they are doing to for material possessions. This is how capitalism (not to be confused with cronyism) works, its a beautiful thing.

Yup and I'm sure those that paid with their live for the Pyramids, Majesty of the Roman empire and more close to home the rail expansion would whole heartedly agree with you. It is after all a good thing to have a cell phone as a reward for the sacrifices of you ancestors.

Sorry im not sure what this comment has to do with what we were talking about. But either way i just wanted to say that one thing, if you want to make it into a long drawn out discussion we probably should take it elsewhere.

[Hueristic]

thats why I disdain those that do at the expense of those in real need.

A great number of the greatest advances which have lead to improvements in the lives of the poor have been done in the pursuit of a greater material things for the innovator. In ancient times if you redistributed the wealth from all the worlds kings and aristocrats evenly among the worlds poor it would have fed them for like a week and that would have been the end of it. But people (often) in the pursuit of material possession have created amazing capital goods that have transformed the world. Relatively poor africans have cell phones with access to the internet for crying out loud, and soon even the poorest will, thus equipping them with the tools to take charge of their lives, gain an education, and improve their own situations immeasurably. The people who are building the cell phones and the networks aren't doing it out of altruism, they are doing to for material possessions. This is how capitalism (not to be confused with cronyism) works, its a beautiful thing.

Yup and I'm sure those that paid with their live for the Pyramids, Majesty of the Roman empire and more close to home the rail expansion would whole heartedly agree with you. It is after all a good thing to have a cell phone as a reward for the sacrifices of you ancestors.

Sorry im not sure what this comment has to do with what we were talking about. But either way i just wanted to say that one thing, if you want to make it into a long drawn out discussion we probably should take it elsewhere.

I was thinking the same thing and to be perfectly honest I've given up caring about humanity so it really isn't worth the effort. You should re-read your post if you don't see the correlation.

Even though I'm a Confirmed agnostic this is the way I live now after years of banging my head on a wall and paying for trying to help others. No good deed goes unpunished.




And as soon a Smooth gets here these posts will be...

https://www.youtube.com/watch?v=NoAzpa1x7jU&html5=1