[XMR] Monero Speculation

[smooth]

slapper, you are welcome to post your opinions on Monero's short-term or long-term prospects. Just insulting people is neither on-topic nor welcome

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[americanpegasus]

Still.... if you want to own Monero the time to do so is fucking NOW, before the GUI comes out.  And if you haven't compiled the latest source yet... well, that perpetual database the devs have been working on since 1991 is almost done.
  

Careful giving advice there. I had this same assumption over a year ago and got slightly burnt, but long term, I should be ok. XMR I believe hast hit ~ 1.60 USD per coin back in like may of 2014, and then sunk as low (?) as .25 USD this past winter, assuming my memory serves me well.

 
 
I can safely say that if Monero hasn't taken off in 3 years or so, then the distribution may be too flawed to continue (80% premine before the public finds out about it). 
 
In that case, Boolberry might make a nice back up plan.

Mr. Pegasus, I've heard that you have certain standing on reddit so I won't just disregard your statement out of hand...

But, seriously? How does Boolberry offer anything resembling a "back up plan" ?

I think he's referring to the BBR distribution schedule being 1/2 the speed of XMR (sort of true, but does not factor in the tail reward).

I kind of doubt that is significant. After all, if distribution is problematic after 4 years, why would BBR's not be equally problematic after 8 years? I just don't see 2x as being hugely different.

 
  
Yes, all true.  In a macabre kind of way I wish Boolberry had a distro scheule that was 1/4 or 1/8 as slow as Monero.  Now *that* would be something I would be worried about.  
  
What is the philosophy behind all crypto being 80% mined by 2020?  Is that approximately when the models are predicting the collapse of the USD?  

[drawingthesun]

Damn, has anyone seen the market cap for Ethereum?

http://coinmarketcap.com/

This coin is already almost as large as Litecoin! I was thinking of investing when it was small or something but look at that, it's huge!

Come on Monero!

[americanpegasus]

Damn, has anyone seen the market cap for Ethereum?

http://coinmarketcap.com/

This coin is already almost as large as Litecoin! I was thinking of investing when it was small or something but look at that, it's huge!

Come on Monero!

 
  
If you're going to shill for another coin in a Monero thread, at least make it one without a presale.  
  
Coins that had pre-mines or presales are not real cryptocurrencies imho.  They are business ventures.

[OBAViJEST]

When Monero is 2000 usd each

Do you spend all day spreading this embarrassing remark across the internet, or is there a team of people saying the same thing across every crypto board?  The monero spam is so out of control, it's actually making the coin LOOK bad.  I have nothing against XMR, but the people spamming nonsense like this is seriously hurting your coin's image.

[smooth]

Damn, has anyone seen the market cap for Ethereum?

http://coinmarketcap.com/

This coin is already almost as large as Litecoin! I was thinking of investing when it was small or something but look at that, it's huge!

Come on Monero!

 
  
If you're going to shill for another coin in a Monero thread, at least make it one without a presale.  
  
Coins that had pre-mines or presales are not real cryptocurrencies imho.  They are business ventures.

I didn't see it as shilling. It is clearly a highly visible market event. Whether that visibility translates into ongoing importance remains to be seen.

[americanpegasus]

When Monero is 2000 usd each

[Crying trolls at computer dot jpg]

Do you spend all day spreading this embarrassing remark across the internet, or is there a team of people saying the same thing across every crypto board?  The monero spam is so out of control, it's actually making the coin LOOK bad.  I have nothing against XMR, but the people spamming nonsense like this is seriously hurting your coin's image.

 
  
So TFW you awful trolls see XMR at 2000 USD each?  
  
Because that's what I'm getting out of this nonsense of yours.

[smooth]

Do you spend all day spreading this embarrassing remark across the internet, or is there a team of people saying the same thing across every crypto board?  The monero spam is so out of control, it's actually making the coin LOOK bad.  I have nothing against XMR, but the people spamming nonsense like this is seriously hurting your coin's image.

OBAViJEST, and anyone else, this is not the place to discuss allegations of spamming. Take it elsewhere.

If your argument is that alleged so-called spamming is hurting the value of the coin, okay make the argument, but it sure doesn't seem to be reflected in the recent price action

Also, everyone, when replying to large images please remove them or shrink them. Let's keep this thread readable.

[drawingthesun]

Damn, has anyone seen the market cap for Ethereum?

http://coinmarketcap.com/

This coin is already almost as large as Litecoin! I was thinking of investing when it was small or something but look at that, it's huge!

Come on Monero!

 
  
If you're going to shill for another coin in a Monero thread, at least make it one without a presale.  
  
Coins that had pre-mines or presales are not real cryptocurrencies imho.  They are business ventures.

And another problem with this community: super defensive people right from the get go!

I own Bitcoin and Monero. I do not own Ether.

They may be business ventures, but it's disappointing to me that after all this time positioning Monero as the anonymous currency to go for, we're still worth several million in total.
The trouble is that the free market does not value what we have to offer. This is my concern.

[hodlmybtc]

Damn, has anyone seen the market cap for Ethereum?

http://coinmarketcap.com/

This coin is already almost as large as Litecoin! I was thinking of investing when it was small or something but look at that, it's huge!

Come on Monero!

I'd wait before drawing conclusions (or the sun) about the marketcap, remember marketcap says very little, especially when a coin is traded for such a short time on only 1 exchange.

Personally I think there will be a dump soon after the hype which could be a good buying opportunity, I really haven't followed Ethereum because I think they're a bit overhyped and have not much to show yet in relation to the amount of BTC they received from the presale.

OT: at the 78.6% retrace from the top to 240k.

[americanpegasus]

And another problem with this community: super defensive people right from the get go!

I own Bitcoin and Monero. I do not own Ether.

They may be business ventures, but it's disappointing to me that after all this time positioning Monero as the anonymous currency to go for, we're still worth several million in total.
The trouble is that the free market does not value what we have to offer. This is my concern.

 
 
You're right.  You seem to have a history of supporting Monero while keeping a realistic outlook.  Excuse the shill-cusations. 
 
The price is a side-effect of the ultimate purpose, so don't focus on it. 
 
 
 
Think about it like this.  You come to me, AmericanPegaHitch and say, "I want women to fall at my feet," and I say, "Ok, we can do that, but it's going to take some work.  You're gonna need to hit the gym pretty much every day and get a 10/10 bod + abs, we're gonna need to get you an impeccable wardrobe and haircut, and you are gonna need to develop the confidence of an NFL superstar.  It's gonna be a lot of work, but if you do it all you'll become a god among men." 
 
"Yeah, but when are the women gonna fall for me?" 
 
"That is a side effect of all the work you're going to be putting in.  Do you know what we call the guys who just want to skip right to the women-wanting-them stage without putting in the work?" 
 
"No, what?" 
 
"We call them Bytecoiners."

[shmadz]

I think he's referring to the BBR distribution schedule being 1/2 the speed of XMR (sort of true, but does not factor in the tail reward).

I kind of doubt that is significant. After all, if distribution is problematic after 4 years, why would BBR's not be equally problematic after 8 years? I just don't see 2x as being hugely different.

Thanks. I had heard rumors of BBR distribution shenanigans early on and simply dismissed it as an option. Have not followed up since.

Tail end dynamics with regard to speculation sentiment remains to be seen; but I think it's become obvious what the front end effects of distribution have become. Those projects that have had a provably fair launch seem to have done much better than the pre-mines. It is difficult to determine the magnitude of this effect as transaction volume and market cap are quite easily manipulated when a core few control the vast majority of the currency.

Currently, this is one of the few protects I've kept up with. It's interesting how many of the problems plaguing bitcoin currently (block size, how to pay miners when the reward halves, fungibility concerns, privacy) have some potential solutions here.

Whether Monero exists as a test bed for features that will be assimilated into bitcoin, or Monero will simply live as a parallel, opaque option to the transparent bitcoin chain, or perhaps just take over and leave bitcoin in the dust. All this will play out.

Remember the important thing is not that we get rich, but that the world moves to a global private ledger, ideally based on Cryptonote.

Well said, Personally, I'm betting on all possible outcomes, "hedging" my bets as it were...

But- truth be told- I'm hedging certain outcomes heavier than others.

Best of luck everyone.

[aerbax]

...
Whether Monero exists as a test bed for features that will be assimilated into bitcoin, or Monero will simply live as a parallel, opaque option to the transparent bitcoin chain, or perhaps just take over and leave bitcoin in the dust. All this will play out.
...

One of my favorite things about Monero is how it can exist as both opaque and transparent.  If I wish for an account to be transparent, I can simply expose my viewkey.

We have the best of both worlds.

[OBAViJEST]

Do you spend all day spreading this embarrassing remark across the internet, or is there a team of people saying the same thing across every crypto board?  The monero spam is so out of control, it's actually making the coin LOOK bad.  I have nothing against XMR, but the people spamming nonsense like this is seriously hurting your coin's image.

OBAViJEST, and anyone else, this is not the place to discuss allegations of spamming. Take it elsewhere.

If your argument is that alleged so-called spamming is hurting the value of the coin

I never said that.  I said it's hurting the image of the coin....big difference.

[smooth]

...
Whether Monero exists as a test bed for features that will be assimilated into bitcoin, or Monero will simply live as a parallel, opaque option to the transparent bitcoin chain, or perhaps just take over and leave bitcoin in the dust. All this will play out.
...

One of my favorite things about Monero is how it can exist as both opaque and transparent.  If I wish for an account to be transparent, I can simply expose my viewkey.

The view key is well known, but it can be a blunt instrument, since it reveals all payments for the entire lifetime of an account (including past and future). It is less known that you can disclose individual payments on a case by case basis, as needed:

In case Alice wants to prove she sent a transaction to Bob’s address she can either disclose r or use any kind of zero-knowledge protocol to prove she knows r (for example by signing the transaction with r)

[americanpegasus]

The view key is well known, but it can be a blunt instrument, since it reveals all payments for the entire lifetime of an account (including past and future). It is less known that you can disclose individual payments on a case by case basis, as needed:

Whoa, I did *not* know this.  I thought it was a one-time shot.  Very cool.  That pretty much wraps up necessary transparency.  I can't think of any other optional transparency that would be needed.

[smooth]

The view key is well known, but it can be a blunt instrument, since it reveals all payments for the entire lifetime of an account (including past and future). It is less known that you can disclose individual payments on a case by case basis, as needed:

Whoa, I did *not* know this.  I thought it was a one-time shot.  Very cool.  That pretty much wraps up necessary transparency.  I can't think of any other optional transparency that would be needed.

Our friend slapper made an insightful observation once. He pointed out that had Bitcoin been released with a non-transparent ledger, no one would ever create a transparent one. The very idea would be laughed at.

It makes far more sense to keep information private by default and then disclose it when needed than to put everything out there in public and try to somehow reclaim some sort of privacy after the fact, if that is even possible.

[shmadz]

The view key is well known, but it can be a blunt instrument, since it reveals all payments for the entire lifetime of an account (including past and future). It is less known that you can disclose individual payments on a case by case basis, as needed:

Whoa, I did *not* know this.  I thought it was a one-time shot.  Very cool.  That pretty much wraps up necessary transparency.  I can't think of any other optional transparency that would be needed.

I  *also* did not know that.

Is this a feature inherent in all crypto note implementations? Or is this unique to Monero?

[shmadz]

^ aha this is the place to do speculations, so let's begin.

I have very little confidence in bitcoin price right now, btc/usd that is

I'm finding reassurance that Monero has been holding mostly steady against USD, even while btc/xmr values move.

Everything looks rosy but I think there's a rough patch coming in the short term (1-2 months) ... next several months? pure speculation?

Longer term I'd expect xmr would be at least $5 USD before the end of the US federal elections in 2016. (Could be very possible $50 shortly thereafter)

[slapper]

slapper, you are welcome to post your opinions on Monero's short-term or long-term prospects. Just insulting people is neither on-topic nor welcome

I got no problem with people. People are cool. If you are going to throw me under the bus that is fine too. However how come you don't even slap some of the rags on their wrists calling the distribution as "80 % premine in 4 years". Who do I need to fuck to get that kind of treatment? Another troll posts on this thread repeatedly with his gibberish (and we all know who that is) but you don't even pull them on the side to warm them. It's fucking exhausting watching the same shit, and I needed to vent.