[XMR] Monero Speculation

[Anon136]

If you will allow me to play devils advocate. I have very little faith in the mental faculties of my fellow man. Consequently I find it hard to believe that dash failed to gain traction on the darknet markets it was introduced on as a result of any sort of technical understanding on the part of market actors. Meaning, to most of them, monero is going to appear indistinguishable. What reason do we have to believe a private currency will gain traction this time when it failed last time?

Dash uses its own version of Coinjoin, which DNM were already using to tumble.

But Dash's version has far less volume, so mixing takes hours or days.

And most DNM ops understood it was instamined.

Awareness of fungibility, block size, hard forkability, and the dangers of bad crypto (thanks DAO) are at ATH.  XMR was already on the anon community radar since Shen broke Shadowcash, if not earlier.

This is the best answer, IMO.

It feels to me that this is the third "real" test of cryptocurrencies.  Bitcoin proved that it was possible.  Ethereum almost made it, but the hype vs flaws deflated that dream (which it may eventually overcome - at least for dapps).

This is Monero's time to shine.  And it's ours to lose. 

We have the technical innovation.  We have a great community.  We can do this.

Don't forget NXT properly solving the proof of stake problem. It totally deserves a spot for that.

[iCEBREAKER]

I have a hunch that they will release the gui wallet sometime before Monero trading on AlphaBay begins on Sept 1.

Soon..

Well that might be icing on the cake as far as price rise.  Looking forward to the GUI myself.

Not happening before Sep 1.  I will ride the NYC subway naked if the GUI is released before Sept 1st

LOL quoted for posterity.

For maximum marketing publicity, please use a Sharpie to write adverts/slogans for Monero on yourself before being arrested.   

[pa]

I have a hunch that they will release the gui wallet sometime before Monero trading on AlphaBay begins on Sept 1.

Soon..

Well that might be icing on the cake as far as price rise.  Looking forward to the GUI myself.

Not happening before Sep 1.  I will ride the NYC subway naked if the GUI is released before Sept 1st

LOL quoted for posterity.

For maximum marketing publicity, please use a Sharpie to write adverts/slogans for Monero on yourself before being arrested.   

Moonero?

[jehst]

XMR would tend to become associated with high-reputation vendors

Does this contain the implicit assumption that sellers who ask for XMR will tend to be more virtuous, more professional sellers?

[aminorex]

XMR would tend to become associated with high-reputation vendors

Does this contain the implicit assumption that sellers who ask for XMR will tend to be more virtuous, more professional sellers?

If the low-reputation vendors require multi-sig, which precludes XMR, then all XMR vendors will be high-reputation vendors.   Its an implication rather than an assumption.

[sammy007]

XMR would tend to become associated with high-reputation vendors

Does this contain the implicit assumption that sellers who ask for XMR will tend to be more virtuous, more professional sellers?

If they accept XMR they are more professional by default, because respect their own and your privacy (safety).

[owlcatz]

XMR would tend to become associated with high-reputation vendors

Does this contain the implicit assumption that sellers who ask for XMR will tend to be more virtuous, more professional sellers?

If they accept XMR they are more professional by default, because respect their own and your privacy (safety).

Nice. I accept XMR on my sales thread here, so now I feel more elite than I already did... Lol. /jk

Thanks.

[jehst]

XMR would tend to become associated with high-reputation vendors

Does this contain the implicit assumption that sellers who ask for XMR will tend to be more virtuous, more professional sellers?

If the low-reputation vendors require multi-sig, which precludes XMR, then all XMR vendors will be high-reputation vendors.   Its an implication rather than an assumption.

I see now. That's right.

[smoothie]

triangle will break up or down. We'll see what direction

[smoothie]

Where do we need to draw the lines now for Aminorex's marketmaking?

I'd like

1.  a BitSquare.io node
2.  a market-making bot to (safely/dispassionately) manage a few 1000 XMR worth of buys and sells on the BitSquare

I believe that's the path towards fixing the potential single point of failure Polo dependency.

I certainly hope that the catalyst to get us to such a point will not be a huge theft/hack at polo.

[smoothie]

As for price speculation, even though those with skills far beyond mine are predicting significantly lower prices on the horizon I just don't see how that can happen.  Too much new interest and the dnms will not be a bust. 

In case you are talking about rpietila recent posts, which I really enjoy btw, he is clearly talking his book.

Clearly. Probably putting up walls to help keep the price down while buying on the dips.

Ladders setup below...Now he is the only one who can for sure say if my guess is right. 

[aminorex]

I have never observed rpietila to speak a single false word.  Thus if it is book-talk, it is the kind of book-talk I can respect.  My guess is that he sold all of his liquid monero to a client, then went to polo to refill, but it is just a guess.  I think he appreciates the value of having strategic holders, and cultivates them.  Perhaps even at some nominal personal cost, if they are sufficiently strategic for the future of XMR.  At least, that is what I do, albeit my contacts are more legacy-finance oriented, and less likely to be of significant benefit to the community.

[Anon136]

If you will allow me to play devils advocate. I have very little faith in the mental faculties of my fellow man. Consequently I find it hard to believe that dash failed to gain traction on the darknet markets it was introduced on as a result of any sort of technical understanding on the part of market actors. Meaning, to most of them, monero is going to appear indistinguishable. What reason do we have to believe a private currency will gain traction this time when it failed last time?

and now "implementing" a DAO...

Oh my god. Yea effing right. That's hilarious! Does anyone comprehend how hard that is? Ethereum is a very serious, credible and well funded team and even they screwed it all up! Writing secure Turing complete op code is going to be the study of entire fields of science in the future. Universities will have campuses dedicated to it. Firms will pay millions of dollars for single pieces of code just to increase the odds that there isn't a mistake. And dash thinks they can just "me too" that shit. Hilarious!

[sammy007]

Ethereum is a very serious ... team

This is very strong statement

[Anon136]

Ethereum is a very serious ... team

This is very strong statement

Yea yea I know. But relatively speaking. Compared to other alts. Compared to dash.

[sammy007]

And dash thinks they can just "me too" that shit. Hilarious!

Not only contracts bullshit, that "dev" announced ring sigs recently, I wonder if a guy which tried to hire a dev to fork Bitcoin-Qt is even capable to read whole monero whitepaper and understand it.

[Febo]

Volume is slowly drying out. It is 10 times higher then was in past but also 10 times lover as it was 4 days ago.

[nanobrain]

Volume is slowly drying out. It is 10 times higher then was in past but also 10 times lover as it was 4 days ago.

On the other hand, its a weekend and the volume is still top of the pile on Polo.

The problem with big dramatic rises is that some folks then expect them every couple of days. 

[pönde]

I can't believe you are not holding Monero!

Still at least you have a roof over your head  

Yeah, shit happens, but the house is still promising. We are starting a community there and Daniel Raissar is coming. Life goes on.

I'd be interested in your thoughts about XAG - it seems to have taken a life of its own recently. How long do you think the recent correction will continue?

Um no idea. Historically XAG is quite cheap so I'd invest a small % of portfolio as a hedge with appreciation potential. But it is no more a lynchpin of the global economy, ever since crypto was invented.

I think rpietila has not lost a single coin. He is not that stupid. 

I was was unable to come to Forssa. But it was great to see that you were there and with the spirit. 

[TrueCryptonaire]

I can't believe you are not holding Monero!

Still at least you have a roof over your head  

Yeah, shit happens, but the house is still promising. We are starting a community there and Daniel Raissar is coming. Life goes on.

I'd be interested in your thoughts about XAG - it seems to have taken a life of its own recently. How long do you think the recent correction will continue?

Um no idea. Historically XAG is quite cheap so I'd invest a small % of portfolio as a hedge with appreciation potential. But it is no more a lynchpin of the global economy, ever since crypto was invented.

I think rpietila has not lost a single coin. He is not that stupid.  

I was was unable to come to Forssa. But it was great to see that you were there and with the spirit.  

I agree.
There are at least two alternatives: He sold all his coins in the bull run and now working hard to buy them back (after all, he bought castle in this manner so why not repeat it here to get the funding for repairing it into livable condition).

The other alternative is he has put his coins into someone else's name (his daughethers', wife's etc).

I speculate that the first scenario is most likely with 36.8765678765678% probability.