[XMR] Monero Speculation

[americanpegasus]

On a previous occasion like that you reposted without the red which was fine.

 
  
Oh, that's right.  I have no idea why I felt like the disclaimer needed to be in red.  It's not even like you have many rules around here.   DOH.

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[smoothie]

Code:

[color=red]

Tsk, Tsk

You know you loved it.  Possibly the single greatest piece of Monero advertising ever created, even if it was a little risqué.  
  
If you're reading this and  want to see it, go check out the Pegabull Perpetual Permapump Topic.

Epically funny! hahahaha

[americanpegasus]

Ok, I'll post the "censored by smooth" version.    Remember those kewl "I'm a Mac & I'm a PC" ads?  
  

  
Well today, Monero tried to invite Bitcoin out shopping (but it didn't quite work out).    
  
   

NSFW
...and if you reply to this post, please DON'T include the enormous picture as a quote!
  
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[ArticMine]

Ok, I'll post the "censored by smooth" version.    Remember those kewl "I'm a Mac & I'm a PC" ads?  
  

  
Well today, Monero tried to invite Bitcoin out shopping (but it didn't quite work out).    
  
   
...

I vote for the third option.

https://www.youtube.com/watch?v=MS-aLOm-6Vc

Edit: The first and second options do not provide privacy and fungibility in Monero since they are both members of the PRISM program. https://en.wikipedia.org/wiki/PRISM_%28surveillance_program%29

[americanpegasus]

Hmmmm..... 
 
It's a busy week over in the Crypto House. 
 
Today Monero sits down with Bitcoin to discuss a delicate personal matter. 
 
   
 
NSFW
...and please don't quote this huge picture in any reply! 
 

[GingerAle]

^^^ your wallpaper needs some edits! But definitely an interesting PR campaign. And thats not a pull request campaign.

edited - wow. so meta. Props to you, sir pegasus.

Speculate. I speculate that some day I will win the battle with my Node autostart script, and then Monero prices will rise. Because.

[SmoothCurves]

http://www.telegraph.co.uk/finance/bank-of-england/11874061/Negative-interest-rates-could-be-necessary-to-protect-UK-economy-says-Bank-of-England-chief-economist.html

This is some next level crackhead evil genius shit. Time to acquire more XMR.

[americanpegasus]

http://www.telegraph.co.uk/finance/bank-of-england/11874061/Negative-interest-rates-could-be-necessary-to-protect-UK-economy-says-Bank-of-England-chief-economist.html

This is some next level crackhead evil genius shit. Time to acquire more XMR.

 
  
I agree; I have a topic where we discuss it here:  https://bitcointalk.org/index.php?topic=1183923.0  
  
Once people see that they are being charged to use government currency, they will naturally want an alternative.  There may come a time where your local laws force you to deposit any crypto into a bank account and play by the rules of negative interest.  Your options will be either to go rogue or to play by the new policies.  
  
If this happens, regardless, you will wish you had acquired as much crypto as possible beforehand.

[owm123]

http://www.telegraph.co.uk/finance/bank-of-england/11874061/Negative-interest-rates-could-be-necessary-to-protect-UK-economy-says-Bank-of-England-chief-economist.html

This is some next level crackhead evil genius shit. Time to acquire more XMR.

"This could slow, rather than boost, the economy. It would be possible to get around the problem of hoarding by abolishing cash, Mr Haldane said, adding: "What I think is now reasonably clear is that the payment technology embodied in [digital currency] Bitcoin has real potential."

Haha, good make cash illegal, thinking that bitcoin is solution. People and business will very quickly realized that  "Bitcoin is the worst privacy system ever" and "the most transparent payment method ever developed" developed, and its perfect for gov and companies to spy on you and they will start looking for alternatives.

[SmoothCurves]

http://www.telegraph.co.uk/finance/bank-of-england/11874061/Negative-interest-rates-could-be-necessary-to-protect-UK-economy-says-Bank-of-England-chief-economist.html

This is some next level crackhead evil genius shit. Time to acquire more XMR.

 
  
I agree; I have a topic where we discuss it here:  https://bitcointalk.org/index.php?topic=1183923.0  
  
Once people see that they are being charged to use government currency, they will naturally want an alternative.  There may come a time where your local laws force you to deposit any crypto into a bank account and play by the rules of negative interest.  Your options will be either to go rogue or to play by the new policies.  
  
If this happens, regardless, you will wish you had acquired as much crypto as possible beforehand.

Shit like this tempts me to switch up my ratio from 90% BTC 10% XMR to 50/50 btc/xmr

[americanpegasus]

I'm an idiot, so take what I say with a grain of salt but I went 100% Monero a long time ago.  
  
The way I see it, if Bitcoin rises significantly, so will other promising crypto.  In fact, if Bitcoin rises significantly I am pretty sure it's flaws will only be highlighted more and people will say: 'well what else is there?' and will find Monero.  
  
I see very few situations where bitcoin has a massive rise that Monero doesn't at least equal.  
  
I also think we have tested the support at 40 to 50 cents for too long now, and it's unlikely we would drop below 40 cents again.  
  
But you know, on the other hand, I don't own all the Monero I want yet....  (I get my bonus next month)  - so fuck it: "Monero is dead, and sell them to me cheap before you lose everything."  

[jehst]

I'm an idiot, so take what I say with a grain of salt but I went 100% Monero a long time ago.  
  
The way I see it, if Bitcoin rises significantly, so will other promising crypto.  In fact, if Bitcoin rises significantly I am pretty sure it's flaws will only be highlighted more and people will say: 'well what else is there?' and will find Monero.  
  
I see very few situations where bitcoin has a massive rise that Monero doesn't at least equal.  
  
I also think we have tested the support at 40 to 50 cents for too long now, and it's unlikely we would drop below 40 cents again.  
  
But you know, on the other hand, I don't own all the Monero I want yet....  (I get my bonus next month)  - so fuck it: "Monero is dead, and sell them to me cheap before you lose everything."  

I see Monero as a leveraged play on bitcoin. If bitcoin bubbles, Monero could go up 5-10x against bitcoin. But the same is true in reverse. If bitcoin plummets to double digits, Monero will take a very big hit. But the upward potential is a lot higher than the downward potential.

[languagehasmeaning]

I'm an idiot, so take what I say with a grain of salt but I went 100% Monero a long time ago.  
  
The way I see it, if Bitcoin rises significantly, so will other promising crypto.  In fact, if Bitcoin rises significantly I am pretty sure it's flaws will only be highlighted more and people will say: 'well what else is there?' and will find Monero.  
  
I see very few situations where bitcoin has a massive rise that Monero doesn't at least equal.  
  
I also think we have tested the support at 40 to 50 cents for too long now, and it's unlikely we would drop below 40 cents again.  
  
But you know, on the other hand, I don't own all the Monero I want yet....  (I get my bonus next month)  - so fuck it: "Monero is dead, and sell them to me cheap before you lose everything."  

You are not an idiot and I enjoy your posts. I really like Monero and consider myself a bull.

Maybe some other Monero fans will agree with me. I don't think it is wise to go all in (100% allocation) for any investment.

[owlcatz]

You are not an idiot and I enjoy your posts. I really like Monero and consider myself a bull.

Maybe some other Monero fans will agree with me. I don't think it is wise to go all in (100% allocation) for any investment.

Never go 100% in on one "investment" ffs. 

[wpalczynski]

You are not an idiot and I enjoy your posts. I really like Monero and consider myself a bull.

Maybe some other Monero fans will agree with me. I don't think it is wise to go all in (100% allocation) for any investment.

Never go 100% in on one "investment" ffs. 

I think he was referring to all in as far as crypto coins.

[americanpegasus]

Well, if I was a millionaire that might be applicable.  Then I would follow a rule of 80% safe and secure investments and 20% wild and speculative ones (probably bears saying that bitcoin itself is a wild and speculative asset). 
 
But as it is, I am pretty middle class with just enough of an 'army' for one good gambit.  It might as well be something I believe in, and if I'm gonna do it - I might as well do it 100%.  I put a disclaimer that others should definitely not follow in my footsteps; I might be smart at times - but I've also lost money on bad bets in the past. 
 
Still, I feel that Monero will be different.  I feel (speculate) that anyone who goes in hard on Monero now will find themselves with 1/xxxth of one of the dominant forms of money on the planet.  I just hope they end up being futurists like myself and not people who think that it's a good idea to raise AIDS drugs 75x in price.    
 

You are not an idiot and I enjoy your posts.

 
 
your not an idiot.  FTFY. 
 

I see Monero as a leveraged play on bitcoin. If bitcoin bubbles, Monero could go up 5-10x against bitcoin. But the same is true in reverse. If bitcoin plummets to double digits, Monero will take a very big hit. But the upward potential is a lot higher than the downward potential.

 
 
This.  It should be repeated.  Monero will almost certainly act as a derivative of bitcoin in the near future.  If crypto fails completely, Monero will be ultra worthless.  Fortunately, that doesn't look likely right now.  If crypto succeeds wildly - bitcoin may go up 500x in price.... while Monero goes up 50,000x in price.

[chennan]

So what exactly makes you positive that monero will be X10 the value of Bitcoin over the years? I feel like a majority of the public (sadly) don't and wouldn't really care if their transactions are public... I know a large minority would, but the majority would prefer their transactions to be as quick and painless as possible, while forfeiting their anonymity.

[Snowykingdom]

So what exactly makes you positive that monero will be X10 the value of Bitcoin over the years? I feel like a majority of the public (sadly) don't and wouldn't really care if their transactions are public... I know a large minority would, but the majority would prefer their transactions to be as quick and painless as possible, while forfeiting their anonymity.

It won't be.
Years and years being pod without its own gui wallet, so priceless. We'd rather keep something better than xmr or else, just keep your btc.

[aerbax]

...I feel like a majority of the public (sadly) don't and wouldn't really care if their transactions are public... I know a large minority would, but the majority would prefer their transactions to be as quick and painless as possible, while forfeiting their anonymity.

I fervently disagree.  I think most people care a lot about the privacy of their financial transactions.  Where you get and spend your money says a tremendous amount about you.  I can barely imagine the blackmail that would happen if all transactions were open for everyone to see.  And the spam.

Maybe you're right.. and maybe I'm right.  But the good news is that it doesn't matter with Monero.  You can opt to go fully transparent, opaque, or mix-and-match.

[generalizethis]

The problem is that general public does not care much about privacy. if privacy was something that general public actually cared, facebook would be not in a position it is today, microsoft  would get much more heat for windows 10, and samsungs smart tvs would not sell so well.

That ^ can change. A financial crisis or a internet dooms day scenario could change all of that.

I believe there will come a day that the internet will not be what it is today (free and open).

That would change privacy implications on that level.

People have not been burned with their 401k's yet as the debt bubble and stock market bubble have not popped fully.

Once that happens and people lose trust in the legacy financial system, privacy will be paramount as more laws for reporting and transparency of one's finances will be required to an even greater extent than it is today.

Just look at the attempts to ban cash happening around the world. That is a step in the direction of an age of "no privacy".

People will value their privacy once they get burned really bad by the powers that be.

I'll add that the professionals in the security and finance fields understand that privacy and security are inextricably tied together and will not be using Bitcoin or litecoin to handle their own assets or the assets of the companies they represent. Of course this assumes that a privacy coin gets the liquidity to handle 6 figure+ transactions.

The general public "won't" argument assumes things won't change and that those with the most money, and the experts to keep it safe, will follow the general public's lead--I doubt either scenario.