[XMR] Monero Speculation

[owm123]

A game can definitely be a killer app. CK is better as an actual use-case than anything that other alts have presently (i.e. nothing)

What kind of game?

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[generalizethis]

A game can definitely be a killer app. CK is better as an actual use-case than anything that other alts have presently (i.e. nothing)

What kind of game?

Crypto Kingdom is MMORPG with a real-world economy. You can make trades, start an in-game company or develop real estate on your path to becoming a land baron. And when you're done building your empire, you can sit back, pour a beer and chat with your friends. It's Second Life, Wall Street and social networking rolled into one game.

[thefunkybits]

I may sound like beating the same drum day after day, but...

...have you considered the investment opportunities CK offers? For instance just now, there is a Town bond auction, and the bonds are paying 72% per real year, and they are denominated in XMR. Since the Town has the right to tax characters, the only way it could not pay is that it does not exist ie. the game has folded in the next 50 weeks. But the game has existed for ~48 weeks already!! What is the probability that it would cease existence now? In my opinion it is much less than the interest rate indicates.

Can the bonds be bought and sold at anytime? also what is the liquidity situation like?

[smooth]

I may sound like beating the same drum day after day, but...

...have you considered the investment opportunities CK offers? For instance just now, there is a Town bond auction, and the bonds are paying 72% per real year, and they are denominated in XMR. Since the Town has the right to tax characters, the only way it could not pay is that it does not exist ie. the game has folded in the next 50 weeks. But the game has existed for ~48 weeks already!! What is the probability that it would cease existence now? In my opinion it is much less than the interest rate indicates.

Can the bonds be bought and sold at anytime? also what is the liquidity situation like?

Almost all of the assets in the game can be traded, including bonds. Usually the issuer of in-game stocks and bonds has served as market market providing some constant liquidity but you can also trade with other players.

[TheUniporn]

But the game has existed for ~48 weeks already!!

That is remarkable. Congratulations on the upcoming first birthday!

When the game was 2 months old, the Long Bond auction (now item_id "LB1615") showed the interest rate of 300% for a realyear. Clearly that was realistic for a project just started, and projecting 6 times longer to the future than it had existed!

Now whether we settle at 72% or go to 60% or 50%, the next year there will be laugh anyway. Either to how easy it was to get free money, or how silly people were that it could be paid back.

But personally I am too busy in developing the game to have any thought that it might fail...

Once it's at release version you have to get someone like totalbiscuit to review it. You can actually pay him to review it (ideally you wouldn't have to but as a contingency) but he is explicit about being paid when he does paid reviews and it doesn't appear to cause any bias. It would probably be well worth the investment if you are confident that he will be impressed, hes a harsh critic if he isn't. Exposure like that will be key to its success because a game like this is probably going to be quite dependent upon a strong network (of users, not like servers).

Another reason is that video game journalists are notoriously extreme radical left. And the left hates free markets. So you will be very unlikely to get publicity from them.

I just started a website with PC games micro-reviews, I have virtually no, or close to, no visitors. Not even I, who I am invested in Monero, from what I see from the sidelines, I wouldn't give CK a good review. I doubt that CK will get to be an actual fun game instead of an investment mechanism, and doubt that it can be both. Maybe (hopefully) I'll be proved wrong, but this is how I see things being right now regarding CK. Best of luck to everybody!

[Anon136]

But the game has existed for ~48 weeks already!!

That is remarkable. Congratulations on the upcoming first birthday!

When the game was 2 months old, the Long Bond auction (now item_id "LB1615") showed the interest rate of 300% for a realyear. Clearly that was realistic for a project just started, and projecting 6 times longer to the future than it had existed!

Now whether we settle at 72% or go to 60% or 50%, the next year there will be laugh anyway. Either to how easy it was to get free money, or how silly people were that it could be paid back.

But personally I am too busy in developing the game to have any thought that it might fail...

Once it's at release version you have to get someone like totalbiscuit to review it. You can actually pay him to review it (ideally you wouldn't have to but as a contingency) but he is explicit about being paid when he does paid reviews and it doesn't appear to cause any bias. It would probably be well worth the investment if you are confident that he will be impressed, hes a harsh critic if he isn't. Exposure like that will be key to its success because a game like this is probably going to be quite dependent upon a strong network (of users, not like servers).

Another reason is that video game journalists are notoriously extreme radical left. And the left hates free markets. So you will be very unlikely to get publicity from them.

I just started a website with PC games micro-reviews, I have virtually no, or close to, no visitors. Not even I, who I am invested in Monero, from what I see from the sidelines, I wouldn't give CK a good review. I doubt that CK will get to be an actual fun game instead of an investment mechanism, and doubt that it can be both. Maybe (hopefully) I'll be proved wrong, but this is how I see things being right now regarding CK. Best of luck to everybody!

that is unfortunate

[rpietila]

Another reason is that video game journalists are notoriously extreme radical left. And the left hates free markets. So you will be very unlikely to get publicity from them.

All journalists are.

The negative journalism has managed to kill my silver business (which the months-long seizure of all my assets by the government cound not accomplish!) and a restaurant chain I was involved with. With both, I made the mistake thinking that the publicity in general would bring more users than the bad publicity in particular would cause us to lose.

With a game, especially a targeted one (and anonymous one), I am again tempted to believe that if someone shoots bad journalism at us, it will not be effective because "our target group are the most self-sufficient and intelligent people who are immune to leftwing writings". The game is so much bigger. It is an attempt to regenerate the attitude in "the world of 1991" when global warming was a joke, not propaganda to be parroted at gunpoint, computer games could do what they want, laughing at subjects now forbidden was allowed, some of the governments tried to at least act as the servants of the people... and at the same time recreate "the world of 1605", the century of the Sun-King, with the pervasive culture we have already nurtured in the game for 11 months.

It is not just an investment, it is also not just a game. It is a virtual world - not a "counter-culture" because the mainstream culture is the one that has become counter to life. This is the true society recreated virtually, and yeah it is hard to explain outside of the context, like life itself. All the ones who play can testify how it feels. They have the knowing look in their eyes, as if they had had access to secret mushrooms that make them understand things that the others don't. And yes we have mushrooms in the game.

[TheUniporn]

...

that is unfortunate

I wasn't casting judgment. I'm waiting to play it until there is a graphical interface and the game is more accessible and complete.

[mmortal03]

To break the situation, we need new investor money, or a killer app which will absolutely clean the table... 

Exactly. A Monero app for both Android and iOS devices would be a great idea. Imagine the numbers of users that would became interested in XMR. This is something I would like to see 

There is one for Android, but people have complained of usability issues: https://www.reddit.com/r/Monero/comments/3c2no9/testers_wanted_for_monerowalletcoms_android_app/

https://play.google.com/store/apps/details?id=com.ionicframework.monerowallet116498&hl=en

[pönde]

For higher XMR price, we need higher adaptation. To do that, the XMR-adaptation has to be made easy. So, a XMR-payment plug-in or any such thing for webshops is needed.

The plug in has to be so easy to install, that an ordinary dude can do it almost or completely by himself. Using XMR as a payment has to be easy also for a customer. When the customer wants to make the order and the payment, the plug in has to do fiat-XMR or BTC-XMR conversion of the price, and also to give the payment address and the payment id for the customer. Great plus would be, if the plug-in also showed XMR-price of each item at the front page.

XMR adaptation has to be so easy, that there is no need for Bitpay-kind of services. Then XMR will start take over BTC.

What about here.
https://getmonero.org/design-goals/
Is there any such projects going on at the moment?

[smooth]

...

that is unfortunate

I wasn't casting judgment. I'm waiting to play it until there is a graphical interface and the game is more accessible and complete.

The graphical interface is being tested by various people and reported on the thread. I hope you didn't think I was suggesting the previous effectively pen-and-paper version (literally using Google spreadsheets) could attract a large user base because I don't believe that, and the last 48 weeks has demonstrated it.

[TheUniporn]

...

that is unfortunate

I wasn't casting judgment. I'm waiting to play it until there is a graphical interface and the game is more accessible and complete.

The graphical interface is being tested by various people and reported on the thread. I hope you didn't think I was suggesting the previous effectively pen-and-paper version (literally using Google spreadsheets) could attract a large user base because I don't believe that, and the last 48 weeks has demonstrated it.

Of course not, I was just trying to bring in a more realistic view after the possibility of a TotalBiscuit video was brought up. Time will tell though, the crypto world sure is crazy.

[dnaleor]

To break the situation, we need new investor money, or a killer app which will absolutely clean the table... 

Exactly. A Monero app for both Android and iOS devices would be a great idea. Imagine the numbers of users that would became interested in XMR. This is something I would like to see 

a wallet that integrates with the API created by xmt.to would be great.
This app should be able to scan both XMR and BTC addresses and send XMR when XMR address or use xmr.to to send BTC if needed.

that IS a killer app

[TheUniporn]

[...]I am again tempted to believe that if someone shoots bad journalism at us[...]

By "bad journalism" do you mean unprofessional biased journalism or "bad press"?

[generalizethis]

To break the situation, we need new investor money, or a killer app which will absolutely clean the table...  

Exactly. A Monero app for both Android and iOS devices would be a great idea. Imagine the numbers of users that would became interested in XMR. This is something I would like to see  

a wallet that integrates with the API created by xmt.to would be great.
This app should be able to scan both XMR and BTC addresses and send XMR when XMR address or use xmr.to to send BTC if needed.

that IS a killer app

That is so simple, it's genius. You're just funneling everything toward the XMR side; when rational players realize that they lower their costs by just using XMR, XMR starts eating into the BTC share of transactions.

I've always though:  if you could show that XMR is a better and cheaper way to anonymity, human nature would do the rest. I think most in the XMR community (me included) are so caught up in the better part of the equation that we miss that better should also mean cheaper--and cheaper is a wicked (Will Hunting accent) selling point.

How do you like them apples?

[dnaleor]

To break the situation, we need new investor money, or a killer app which will absolutely clean the table...  

Exactly. A Monero app for both Android and iOS devices would be a great idea. Imagine the numbers of users that would became interested in XMR. This is something I would like to see  

a wallet that integrates with the API created by xmt.to would be great.
This app should be able to scan both XMR and BTC addresses and send XMR when XMR address or use xmr.to to send BTC if needed.

that IS a killer app

That is so simple, it's genius. You're just funneling everything toward the XMR side; when rational players realize that they lower their costs by just using XMR, XMR starts eating into the BTC share of transactions.

I've always though:  if you could show that XMR is a better and cheaper way to anonymity, human nature would do the rest. I think most in the XMR community (me included) are so caught up in the better part of the equation that we miss that better should also mean cheaper--and cheaper is a wicked (Will Hunting accent) selling point.

How do you like them apples?

not only that, you have also a compelling reason to USE XMR, because it adds value: you are anonymous when paying.
also super easy to get people into xmr. Just say: "you can use this app and don't worry... If they only accept BTC you will still be able to use your XMR"
 
That is just the ideal situation

[Bassica]

Quick question: is the 'under the hood'-phase nearing its short term completion (it'll obv be an ongoing process) and does this imply that the GUI is now back in development?

I think dnaelor's post makes a lot of sense, would that be something to be incorporated in the official gui?

[dEBRUYNE]

Quick question: is the 'under the hood'-phase nearing its short term completion (it'll obv be an ongoing process) and does this imply that the GUI is now back in development?

I think dnaelor's post makes a lot of sense, would that be something to be incorporated in the official gui?

[1] GUI will probably be released after libraryzing is done (devs are currently working on it, see design goals -> https://getmonero.org/design-goals/), without libraryzing it makes no sense to "wire up" the GUI.
The design is already done, see following link for some sneak peaks -> http://imgur.com/a/ERheR

[2] Having spoken to both BinaryFate (xmr.to dev/founder) and Fluffypony about this already a few weeks ago (I came up with the idea a few weeks ago), I can say it should be fairly easy to implement (certainly no biggie). If someone subsequently could come up with an app for the GUI for all platforms, we have our killer app in my opinion. Or at least a significant advantage over other altcoins.

[medusa13]

new release is immediate, you can see it when looking at the github repo. master branch is freezed since 2 weeks now, maybe they leave it like that some more time, but then this state will get released is my assumption. Dont know what this will do to price but it definitely wont hurt

good time for a release. its time to show all the people what has been done and set a new standard.

btw many asks are fake, they are just parked there to prevent fat finger errors, 50% are above 0.004  

[nioc]

new release is immediate, you can see it when looking at the github repo. master branch is freezed since 2 weeks now, maybe they leave it like that some more time, but then this state will get released is my assumption. Dont know what this will do to price but it definitely wont hurt

good time for a release. its time to show all the people what has been done and set a new standard.

btw many asks are fake, they are just parked there to prevent fat finger errors, 50% are above 0.004  

Isn't it enough that we have corrupted the meaning of "soon"?  Are you now trying to do it with "immediate"?

I actually just finished syncing and exiting my daemon minutes before you posted in anticipation of a release "soon".  My comp is weak and it took over 2 hrs to exit from the daemon.  Looking forward to the new release so I can easily move my 1.2 million Monero as I wish.

I would love to buy more Monero now at these prices but alas I have been inundated with unique expenses lately.

When I had Monero on Polo I used to have asks impossibly high.  It is useful when one's cat walks across your keyboard.  She never sold but did once market buy Monero.