[XMR] Monero Speculation

Quote from: iCEBREAKER on July 01, 2016, 11:24:11 PM

Quote from: jmpFCE2 on July 01, 2016, 10:49:45 PM

oh wooww, moonero jumped 10 %

It doesn't hurt that XMR's biggest "privacy coin" competition, Dash, is in the middle of an increasingly bitter civil war!

https://www.dash.org/forum/threads/what-the-hell-is-wrong-with-this-picture-i-thought-we-were-a-decentralized-project.9229/

Quote from: TheDashGuy, Jun 23, 2016

I know see why vertoe left by the way. Same shit. Same problems.

I can't tell what they're fighting over, but it appears to be a power struggle between self-appointed amateur community ~~leaders~~ "coordinators" and the core team, in which the amateurs want some of same the sweet free Dash now being enjoyed by the Official bigwigs.

This is an entirely predictable outcome, as I warned the zero-sum nature of their Budget Block funding system, which creates winners and losers, inevitably pits people against each other, based on Masternode votes skewed by the instamine's maldistribution of coins.

Their ongoing "Digital Democracy" debacle (more like Distributed Anonymous Bikeshedding Cheesy

) demonstrates the superiority of Monero's open-ended/positive-sum Forum Funding System, where we can make as much pie as we like rather than fighting over the scrapes of centralized budgeting.

After the DAO hack, hype and decentralization theater are no longer in greater demand than quality projects with solid security and proven crypto.

Expect more of Dash's market cap to leak into Monero's, as the wheels continue to come off the Duffmobile's HYIP noob-scamming vehicle.

It is an interesting read; however I am far from convinced that Dash will have a significant impact on the price of Monero. The situation now is very different from the spring of 2015 when the re-branding from Darkcoin to Dash did cause Monero to jump up in price. For starters the numbers now are very different. Dash then had like 6x the capitalization of Monero, now it is more like 2.5x. The liquidity of Monero is more often than not greater than that of Dash. Dash has moved away form being primarily a privacy / anonymity/ fungibilty coin to a much stronger focus on instant transactions. This has moved Dash away from being a Monero competitor.

If I were to look for another coin that could impact Monero's price I would look at Ethereum and its DAO. Ethereum actually competes with Monero on fixes to the 1 MB fixed blocksize limit issue in Bitcoin. I actually suspect that Ethereum has benefited significantly form the 1 MB blocksize issue in Bitcoin, even though the fixed fee approach to this in Ethereum is vulnerable to certain attacks. The whole issue over the "hacked DAO" and the and the various highly controversial soft and hard forks proposed in Ethereum to freeze and seize funds brings a whole new focus to the value of privacy / anonymity / fungibilty in Monero. How exactly can one do this in Monero without breaking the subsequent transactions? Furthermore Ethereum's market cap is like 20x to 25x that of Dash.

Edit: Just focusing on Monero's price over the last two years and not looking at the capitalization rate and inflation rate misses the whole picture.

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