[XMR] Monero Speculation

[iCEBREAKER]

Stupid botnet coin will never be worth anything. You need to change algorithm. Nobody serious is going to invest in a network secured by criminals..LOL

The fiat<->central banking network is secured by criminals, yet it does pretty well at getting serious investment.   

Since unsecured computers are destined to be herded in botnets, I'd rather they mine than send spam or DDOS sites I want to use.

[1715247919]

1715247919

[Hueristic]

Stupid botnet coin will never be worth anything. You need to change algorithm. Nobody serious is going to invest in a network secured by criminals..LOL

You fucking retard, what is better a botnet securing a fungible coin for the masses or one thats ddosing shit? Huh dumbass. And botnets mine BTC as well moron.

EDIT: W00ps, guess I should finish reading thread before posting, Ice beat me to it. although for once he's actually showing restraint where as I'm not.

[iCEBREAKER]

Stupid botnet coin will never be worth anything. You need to change algorithm. Nobody serious is going to invest in a network secured by criminals..LOL

You fucking retard, what is better a botnet securing a fungible coin for the masses or one thats ddosing shit? Huh dumbass. And botnets mine BTC as well moron.

EDIT: W00ps, guess I should finish reading thread before posting, Ice beat me to it. although for once he's actually showing restraint where as I'm not.

volyova has zero chance of successfully trolling me.   

[inca]

It's time to buy more monero.

[lolikop]

It's time to buy more monero.

Its time to stop lending moneros for 0.01% ffs are these people just stupid or what

[volyova]

Stupid botnet coin will never be worth anything. You need to change algorithm. Nobody serious is going to invest in a network secured by criminals..LOL

You fucking retard, what is better a botnet securing a fungible coin for the masses or one thats ddosing shit? Huh dumbass. And botnets mine BTC as well moron.

EDIT: W00ps, guess I should finish reading thread before posting, Ice beat me to it. although for once he's actually showing restraint where as I'm not.

That's because he's "clued-up" and you aren't.

[volyova]

Secured by criminals and used by criminals...World I give you, Monero  

[volyova]

Just where oh where is the honesty and altruism of the old days gone?? We could've changed the world...

[TheKoziTwo]

Stupid botnet coin will never be worth anything. You need to change algorithm. Nobody serious is going to invest in a network secured by criminals..LOL

Secured by criminals and used by criminals...World I give you, Monero  

Monero don't need any "serious investors" to be wildly successful. The black market alone is estimated to ~650 billion USD. If XMR only captures 1% of that market we're talking 6.5 billion usd, or split across 18.4 milion XMR that will give you a price of $353 per XMR. There's a calculator to play with the values here.

In reality it's hard to tell what would happen if 1% of the black market activity took place in XMR, but this could give us a ballpark figure, chances are it would be much higher.

So assuming your conclusion is true. A network by and for criminals could actually be a good thing, and I would be extremely bullish on a network as such. This is without even talking about tax havens where you'll find trillions in value. I think monero gaining traction in the dark web would be a great start and bootstrap it as a currency for criminals.

[smooth]

Secured by criminals and used by criminals...World I give you, Monero  

Yes, it's too bad about the fiat system, but we're hoping to replace it, or at least provide an alternative.

I hope you are able to get your buy done at a nice low price. Would be a shame for all that FUDding to go to waste!

[meme magic]

yeah, but its not like electronic cash is a new idea. its been around for over twenty years now.

these people obviously arent waiting for a gui to stash millions, theyve had enough time to figure out how to use a cli.

so whats stopping them?

[smooth]

so whats stopping them?

In my opinion there is a bootstrapping process that has to proceed at some natural pace. For example, on the investor side, no one playing with billions of dollars can get involved with Monero at all right now. We can only potentially appeal to slightly larger investors, whose participation would expand the market cap and liquidity, making it potentially accessible to the next step of investors, and so on. It takes time and development effort on many fronts.

[smfuser]

The black market alone is estimated to ~650 billion USD.

That estimate seems really low. What do you mean by "black market" and what's the basis for that estimate?

[volyova]

yeah, but its not like electronic cash is a new idea. its been around for over twenty years now.

these people obviously arent waiting for a gui to stash millions, theyve had enough time to figure out how to use a cli.

so whats stopping them?

Fear Of Jail is stopping them.

[TheKoziTwo]

The black market alone is estimated to ~650 billion USD.

That estimate seems really low. What do you mean by "black market" and what's the basis for that estimate?

I agree. It didn't matter to illustrate my point so I just used the estimates from this calculator.

[dEBRUYNE]

MAAM #12 Monero Ask Anything Monday

https://www.reddit.com/r/Monero/comments/4f939i/maam_12_monero_ask_anything_monday/

[smfuser]

No one listens to me  even though I am nearly always correct on the markets. How many examples would you need.

Would you mind making each future market prediction in a binary form (which can be objectively judged as true or false by a specified date) along with a specific numeric probability estimate (which you can subsequently update any time)?

Probabilistic predictions are okay as long as you keep a comprehensive list of all of them. You can then test how many of the "80%" predictions are satisfied relative to the ideal 80%.

Being explicit about the probabilities inherent in all predictions is important if you want them to be evaluated objectively. To measure the accuracy of a forecaster such as Anonymint, you can use a proper scoring rule, such as the Brier score, applied to his complete history of quantified predictions (including any updates).

[smfuser]

No one listens to me  even though I am nearly always correct on the markets. How many examples would you need.

Would you mind making each future market prediction in a binary form (which can be objectively judged as true or false by a specified date) along with a specific numeric probability estimate (which you can subsequently update any time)?

Probabilistic predictions are okay as long as you keep a comprehensive list of all of them. You can then test how many of the "80%" predictions are satisfied relative to the ideal 80%.

Now that you mention it, I'm surprised that someone hasn't done that with Gallup's huge swath of polls.

Nate Silver has been evaluating the quality of pollsters for a long time, as discussed here:
https://fivethirtyeight.com/features/how-fivethirtyeight-calculates-pollster-ratings/

[smfuser]

Compared to the other coins in the top 15 (excluding ETH, LTC, BTC for a moment) XMR has got the best liquidity as far as I can see.

How are you calculating liquidity? Is there an easy way to see a comparison of historical measures of liquidity for the "top" cryptocurrencies (including the ones you excluded above)?

[vuduchyld]

Loving all the new participation in this thread.

Bullish indicator...though I do think there will be some lag time between the indicator and the price movement.

Of course, being a contrarian on this basis may be incorrect.  My first thought was that it was book-talking FUD, but it may be more along the lines of schaudenfreude...somebody holding a bag of some other shitcoin may just be coming over here in an attempt to feel better about their decisions.