[XMR] Monero Speculation

[elrippo]

I hope you guys take the recent BTC run into account 

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[dEBRUYNE]

Reality is "I believe" the so called Monero developers intentionally postponed releasing a GUI wallet because if they release it to the public then what's next?!

Maybe RingCT or other high level cryptography? Or maybe some of this other stuff.

Why don't you give that RingCT paper I just linked for you a read in your spare time? There is going to be a quiz.

they are not high level Cyrpto coders in Monero team.

Kindly, and in your own words, summarize the important sections of the above paper and point out some logical extensions and directions for further research in order to verify your qualifications to make that assessment.

gambling websites

What is your obsession with gambling websites? I'm actually quite curious about this because you and the other anti-Monero socks bring it up a lot, Is it a biblical thing for you or what?

Well, I guess this just doesn't qualify as development for some people:

[dEBRUYNE]

To do list / suggestions for MiniNero apps:

https://trello.com/minineroappsdevelopment

https://www.reddit.com/r/Monero/comments/4lkswt/to_do_list_suggestions_for_mininero_apps/

[bitebits]

Well, I guess this just doesn't qualify as development for some people:

What else can I be than grateful for the ground breaking work moneromooo and ShenNoether (and all the other developers of course) are doing for Monero. They don't seem to be disturbed by all the current bitcoin / ethereum noise.

Monero has a mission on it's own.

[Abcederian]

...

Grandma would probably use MyMonero over the core GUI (though maybe not for longer-term storage of value). That is a good example of third party solutions starting to specialize.

By "generic" user I didn't mean grandma but a wide base of all sorts of users without specialization, and that's where MyMonero fails to hold up. That includes people who see the primary use of crypto today and for the indefinite future as a store of value, medium- to long-term speculative investment, or perhaps as a medium of exchange that is somewhere between reasonably and very private. In all of those cases many won't want to use a web wallet.

I have to disagree here. People over the age of 55 were raised on cash and in many cases are very distrustful of third party payment providers and are very fearful of identity theft. They are also very privacy conscious. Furthermore they are far more likely to adopt the technology of their grand children than the technology of their children. For a senior the strongest appeal of crypto currency is likely its cash like properties, (cash one can use on the Internet) since that is their comfort level.  If they adopt a crypto currency it is highly unlikely that they will then turn it into the very thing they are trying to avoid.

As a baby boomer, my take is that the baby boomers can be a very receptive demographic for Monero, but I doubt we will buy in if we are sold the same technology we rejected 20 years ago.

I am 55 and atypical I suppose. I will tell you how I use crypto. I am mining etherium, converting to bitcoin through an exchange sending to coinbase and using my Swift card to buy cat food. Monero will need to be that simple or simpler to use. Are there plans to offer a debit card?

[dEBRUYNE]

MAAM #18 Monero Ask Anything Monday

https://www.reddit.com/r/Monero/comments/4lmn1y/maam_18_monero_ask_anything_monday/

[smooth]

I am 55 and atypical I suppose. I will tell you how I use crypto. I am mining etherium, converting to bitcoin through an exchange sending to coinbase and using my Swift card to buy cat food. Monero will need to be that simple or simpler to use. Are there plans to offer a debit card?

Shen's Mininero is designed to integrate nicely with xmr.to (so you can pay any BTC address directly from your XMR wallet) and I think it can be used with the Shift card. The idea being that you keep your value stored privately in XMR but can also spend it using non-private methods (BTC or, via BTC+Shift, fiat) if you choose to do so.

[funnyman21]

I am 55 and atypical I suppose. I will tell you how I use crypto. I am mining etherium, converting to bitcoin through an exchange sending to coinbase and using my Swift card to buy cat food.

I can confirm that cat food can be purchased with Monero:

https://xmr.to
http://www.overstock.com/Pet-Supplies/Cat-Treats/3654/cat.html

[Hueristic]

...

Grandma would probably use MyMonero over the core GUI (though maybe not for longer-term storage of value). That is a good example of third party solutions starting to specialize.

By "generic" user I didn't mean grandma but a wide base of all sorts of users without specialization, and that's where MyMonero fails to hold up. That includes people who see the primary use of crypto today and for the indefinite future as a store of value, medium- to long-term speculative investment, or perhaps as a medium of exchange that is somewhere between reasonably and very private. In all of those cases many won't want to use a web wallet.

I have to disagree here. People over the age of 55 were raised on cash and in many cases are very distrustful of third party payment providers and are very fearful of identity theft. They are also very privacy conscious. Furthermore they are far more likely to adopt the technology of their grand children than the technology of their children. For a senior the strongest appeal of crypto currency is likely its cash like properties, (cash one can use on the Internet) since that is their comfort level.  If they adopt a crypto currency it is highly unlikely that they will then turn it into the very thing they are trying to avoid.

As a baby boomer, my take is that the baby boomers can be a very receptive demographic for Monero, but I doubt we will buy in if we are sold the same technology we rejected 20 years ago.

My dad is in his 70's and has had his identity stolen 3 times! He hates having to use credit cards. That is one huge argument for crypto, everytime he has had his identity stolen it was a breach of a large chain store.

[MalMen]

My dad is in his 70's and has had his identity stolen 3 times! He hates having to use credit cards. That is one huge argument for crypto, everytime he has had his identity stolen it was a breach of a large chain store.

In crypto your dad can still have his privatekeys stolen if hes not carefull enough

[jwinterm]

My dad is in his 70's and has had his identity stolen 3 times! He hates having to use credit cards. That is one huge argument for crypto, everytime he has had his identity stolen it was a breach of a large chain store.

In crypto your dad can still have his privatekeys stolen if hes not carefull enough

At least then it's your own fault, and not completely out of your control and the fault of Target, Sony, etc.

[Jungian]

My dad is in his 70's and has had his identity stolen 3 times! He hates having to use credit cards. That is one huge argument for crypto, everytime he has had his identity stolen it was a breach of a large chain store.

In crypto your dad can still have his privatekeys stolen if hes not carefull enough

At least then it's your own fault, and not completely out of your control and the fault of Target, Sony, etc.

And that is supposed to make it better? You get to lose your money AND feel stupid.

[phishead]

My dad is in his 70's and has had his identity stolen 3 times! He hates having to use credit cards. That is one huge argument for crypto, everytime he has had his identity stolen it was a breach of a large chain store.

In crypto your dad can still have his privatekeys stolen if hes not carefull enough

At least then it's your own fault, and not completely out of your control and the fault of Target, Sony, etc.

And that is supposed to make it better? You get to lose your money AND feel stupid.

And losing your money by trusting a third party wouldn't make you feel stupid?  Really? ...

[generalizethis]

My dad is in his 70's and has had his identity stolen 3 times! He hates having to use credit cards. That is one huge argument for crypto, everytime he has had his identity stolen it was a breach of a large chain store.

In crypto your dad can still have his privatekeys stolen if hes not carefull enough

At least then it's your own fault, and not completely out of your control and the fault of Target, Sony, etc.

And that is supposed to make it better? You get to lose your money AND feel stupid.

And losing your money by trusting a third party wouldn't make you feel stupid?  Really? ...

But that money is usually insured, so not so dumb if you lack the capabilities, time, or desire to learn how to secure your own funds.

As long as Monero creates a better method for securing funds for the politically motivated and the technically capable, better protections should be created for those who aren't politically motivated to secure their own funds or who lack the technical capabilities to do so. In a libertarian's or crypto-anarchist's ideal world, everyone would both know how to do this and be willing to do so, but that's hardly the world we live in, so almost best methods will have to do for most people.

[jwinterm]

My dad is in his 70's and has had his identity stolen 3 times! He hates having to use credit cards. That is one huge argument for crypto, everytime he has had his identity stolen it was a breach of a large chain store.

In crypto your dad can still have his privatekeys stolen if hes not carefull enough

At least then it's your own fault, and not completely out of your control and the fault of Target, Sony, etc.

And that is supposed to make it better? You get to lose your money AND feel stupid.

I think feeling stupid (and having the opportunity to learn from your mistake so you don't repeat it) could be better than feeling completely helpless and having no recourse to alter future outcomes.

[Nxtblg]

And losing your money by trusting a third party wouldn't make you feel stupid?  Really? ...

It wouldn't for Joe Average, because it gives him someone to blame. Lots of folks do not like hearing, "you have no-one to blame but yourself."

[dEBRUYNE]

"Bitcoin in Use: Zu Besuch in der Bitcoin-Stadt Arnheim" - Monero Mentioned

http://www.btc-echo.de/bitcoin-in-use-zu-besuch-in-arnheim/

[primer-]

GUI progress ?

[noobtrader]

GUI progress ?

Derp... stop trolling already LOL... 

[TechorMarketing]

GUI progress ?

Lots of progress with Mobile GUI options recently:

https://trello.com/minineroappsdevelopment