[XMR] Monero Speculation

[gulypz]

Monero is one of my most trusted projects in the future. I'm thinking of investing in the first opportunity. I wish I had known so long ago. We still have the opportunity to have a solid project.

[1715053719]

1715053719

[1715053719]

1715053719

[1715053719]

1715053719

[1715053719]

1715053719

[Hueristic]

@KeyJockey seems to just want to yell it from the rooftops.

Heh... okay okay yah I disappear for almost a year then come back and can't fucking shut up, huh... LOL

Well it'll happen or it won't happen regardless of my whistling past the graveyard or screaming into the storm winds, right?  Heh...

Then, there's this, too... LOL

      

Hah, Great to see you posting!
Chart looks nice today.

[tokeweed]

In the absence of a black swan event - and ten years after the white paper it doesn't look like we will see one - there is only one conclusion you can make.

By this criterion, we can expect Bitcoin to survive about 10 years.

Taleb mentions, if I recall correctly, the term "at least" / "minimum" for non-perishable stuff. Thus, following the Lindy effect, a non-perishable good that has existed for 10 years is expected to at least exist another 10 years.

Now, I suppose Bitcoin is technically an implementation of something non-perishable, which somewhat weakens the Lindy effect.

But we should also consider that BTC is still the best implementation of a cryptocurrency.  And if there was something that's gonna outlive every coin in the space, it's still gonna be BTC imho.

The rest haven't really been tested at the same scale that BTC has.

[generalizethis]

In the absence of a black swan event - and ten years after the white paper it doesn't look like we will see one - there is only one conclusion you can make.

By this criterion, we can expect Bitcoin to survive about 10 years.

Taleb mentions, if I recall correctly, the term "at least" / "minimum" for non-perishable stuff. Thus, following the Lindy effect, a non-perishable good that has existed for 10 years is expected to at least exist another 10 years.

Now, I suppose Bitcoin is technically an implementation of something non-perishable, which somewhat weakens the Lindy effect.

But we should also consider that BTC is still the best implementation of a cryptocurrency.  And if there was something that's gonna outlive every coin in the space, it's still gonna be BTC imho.

The rest haven't really been tested at the same scale that BTC has.

scale of testing != best implementation

The bug recently found underscores that even BTC, with its obvious limitations, isn't flawless or vetted enough. Also, there's the well-known fact, at least in this neck of the woods, that Bitcoin's aim to be an "eletronic cash" hasn't panned out.

If you had one job to do and couldn't do it, would you consider yourself the best?

[cAPSLOCK]

scale of testing != best implementation

The bug recently found underscores that even BTC, with its obvious limitations, isn't flawless or vetted enough. Also, there's the well-known fact, at least in this neck of the woods, that Bitcoin's aim to be an "eletronic cash" hasn't panned out.

If you had one job to do and couldn't do it, would you consider yourself the best?

I tend to fall on the small block (at least for now) side of that argument, and believe bitcoin will find it's way in the end. 

Montero does an interesting job of pointing to a lot of possible solutions though...

[Hueristic]

But we should also consider that BTC is still the best implementation of a cryptocurrency.  And if there was something that's gonna outlive every coin in the space, it's still gonna be BTC imho.

The rest haven't really been tested at the same scale that BTC has.

https://medium.com/s/story/the-domestication-of-cryptocurrency-acc832a0ad1c

[boomboom]

But we should also consider that BTC is still the best implementation of a cryptocurrency.  And if there was something that's gonna outlive every coin in the space, it's still gonna be BTC imho.

The rest haven't really been tested at the same scale that BTC has.

The lasting legacy of Bitcoin will be the total market cap of the cryptosphere, this pool of wealth is only 10 years old, and unlike any other in human history, it is free of conventional control, growing over time, and can morph itself into other forms almost immediately with minimal costs. Bitcoin and all other current crypto tokens might not exist in 10 years, but the pool of wealth will, it will continue morphing into new tokens by new tech as long as humans exist.

[Globb0]

But we should also consider that BTC is still the best implementation of a cryptocurrency.  And if there was something that's gonna outlive every coin in the space, it's still gonna be BTC imho.

The rest haven't really been tested at the same scale that BTC has.

The lasting legacy of Bitcoin will be the total market cap of the cryptosphere, this pool of wealth is only 10 years old, and unlike any other in human history, it is free of conventional control, growing over time, and can morph itself into other forms almost immediately with minimal costs. Bitcoin and all other current crypto tokens might not exist in 10 years, but the pool of wealth will, it will continue morphing into new tokens by new tech as long as humans exist.

I liked your post, this is what I thought of after...

[tokeweed]

^  Wtf.  Lol.

scale of testing != best implementation

The bug recently found underscores that even BTC, with its obvious limitations, isn't flawless or vetted enough. Also, there's the well-known fact, at least in this neck of the woods, that Bitcoin's aim to be an "eletronic cash" hasn't panned out.

If you had one job to do and couldn't do it, would you consider yourself the best?

I tend to fall on the small block (at least for now) side of that argument, and believe bitcoin will find it's way in the end.  

Montero does an interesting job of pointing to a lot of possible solutions though...

Yup and I tend to agree with the 'if you wanna scale, you should go off chain' argument.  I think some Montereans would tend to agree too.

And generalizethis, Monero had its share of flaws too.

[generalizethis]

^  Wtf.  Lol.

scale of testing != best implementation

The bug recently found underscores that even BTC, with its obvious limitations, isn't flawless or vetted enough. Also, there's the well-known fact, at least in this neck of the woods, that Bitcoin's aim to be an "eletronic cash" hasn't panned out.

If you had one job to do and couldn't do it, would you consider yourself the best?

I tend to fall on the small block (at least for now) side of that argument, and believe bitcoin will find it's way in the end.  

Montero does an interesting job of pointing to a lot of possible solutions though...

Yup and I tend to agree with the 'if you wanna scale, you should go off chain' argument.  I think some Montereans would tend to agree too.

And generalizethis, Monero had its share of flaws too.

But fungibility isn't one. I'm talking about the stated goal of being "electronic cash," which has been kick the can down the road problem for years with add on features that never address the issue head on. If anyone thinks that BTC will become cash in the next year, I'll take their bet.

[cAPSLOCK]

^  Wtf.  Lol.

scale of testing != best implementation

The bug recently found underscores that even BTC, with its obvious limitations, isn't flawless or vetted enough. Also, there's the well-known fact, at least in this neck of the woods, that Bitcoin's aim to be an "eletronic cash" hasn't panned out.

If you had one job to do and couldn't do it, would you consider yourself the best?

I tend to fall on the small block (at least for now) side of that argument, and believe bitcoin will find it's way in the end.  

Montero does an interesting job of pointing to a lot of possible solutions though...

Yup and I tend to agree with the 'if you wanna scale, you should go off chain' argument.  I think some Montereans would tend to agree too.

And generalizethis, Monero had its share of flaws too.

But fungibility isn't one. I'm talking about the stated goal of being "electronic cash," which has been kick the can down the road problem for years with add on features that never address the issue head on. If anyone thinks that BTC will become cash in the next year, I'll take their bet.

This is an interesting discussion.  Have you considered that fungibility could be pretty strong on layer 2?  Granted this leaves us with a completely transparant base layer which presents it's own challenges.

This is actually at the crux why I believe Monero has a very unique value proposition.  It is fundamentally something bitcoin may never be able to fundamentally be.

[Billy Bunter]

^  Wtf.  Lol.

scale of testing != best implementation

The bug recently found underscores that even BTC, with its obvious limitations, isn't flawless or vetted enough. Also, there's the well-known fact, at least in this neck of the woods, that Bitcoin's aim to be an "eletronic cash" hasn't panned out.

If you had one job to do and couldn't do it, would you consider yourself the best?

I tend to fall on the small block (at least for now) side of that argument, and believe bitcoin will find it's way in the end.  

Montero does an interesting job of pointing to a lot of possible solutions though...

Yup and I tend to agree with the 'if you wanna scale, you should go off chain' argument.  I think some Montereans would tend to agree too.

And generalizethis, Monero had its share of flaws too.

But fungibility isn't one. I'm talking about the stated goal of being "electronic cash," which has been kick the can down the road problem for years with add on features that never address the issue head on. If anyone thinks that BTC will become cash in the next year, I'll take their bet.

I'm not sure that 'electronic cash' is a problem that BTC can't or won't address - at least, not yet. No doubt the ideas surrounding the purpose of BTC have changed over the years, but if BTC is to follow the narrative as illustrated by, among others, Vijay Boyapati (see https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-part-3-of-4-2e2c002593f1) then BTC must first become an established and trusted SOV before it can ever become a MOE. That will be some years yet - definitely not in the next year.

[elrippos friend]

Mid of November going to be interesting 

[tokeweed]

^  Wtf.  Lol.

scale of testing != best implementation

The bug recently found underscores that even BTC, with its obvious limitations, isn't flawless or vetted enough. Also, there's the well-known fact, at least in this neck of the woods, that Bitcoin's aim to be an "eletronic cash" hasn't panned out.

If you had one job to do and couldn't do it, would you consider yourself the best?

I tend to fall on the small block (at least for now) side of that argument, and believe bitcoin will find it's way in the end.  

Montero does an interesting job of pointing to a lot of possible solutions though...

Yup and I tend to agree with the 'if you wanna scale, you should go off chain' argument.  I think some Montereans would tend to agree too.

And generalizethis, Monero had its share of flaws too.

But fungibility isn't one. I'm talking about the stated goal of being "electronic cash," which has been kick the can down the road problem for years with add on features that never address the issue head on. If anyone thinks that BTC will become cash in the next year, I'll take their bet.

This is an interesting discussion.  Have you considered that fungibility could be pretty strong on layer 2?  Granted this leaves us with a completely transparant base layer which presents it's own challenges.

This is actually at the crux why I believe Monero has a very unique value proposition.  It is fundamentally something bitcoin may never be able to fundamentally be.

It's actually something BTC must not be cos if it goes that route (if it can) then it's value proposition as a transparent and accountable blockchain would be lost.  I think there's value in everybody being able to audit and account everything with our own eyes than just trusting something to actually work (like Monero).  Not saying it's a bad thing...  As cAPSLOCK said, XMR has its own value proposition for a different class of people (good and bad). 

[georgemamat]

Monero seems to have a much greater power in the future. It is a really impressive project and it performs well. Monero is one of the most solid projects in this market.

[johnfoss]

The Monero Moon (Issue 9) is out now. Get your weekly Monero newsletter fix right here kids!
https://medium.com/@johnfoss/the-monero-moon-issue-9-f05526401aa3

[Hueristic]

Shit forgot a few old sells I had from when the price was .0145 @ .0172 for spikes and they got filled.

Now I gotta buy back in the dip.

[Hueristic]

Ha

https://blockmanity.com/news/bitcoin/early-bitcoin-adopter-gavin-newsom-gets-elected-governor-of-california/

There have been controversies this year over politicians accepting Cryptocurrency donations to their campaigns. Due to worries about foreign interference especially with the use of privacy coins like Monero,

[phishead]

^  Wtf.  Lol.

scale of testing != best implementation

The bug recently found underscores that even BTC, with its obvious limitations, isn't flawless or vetted enough. Also, there's the well-known fact, at least in this neck of the woods, that Bitcoin's aim to be an "eletronic cash" hasn't panned out.

If you had one job to do and couldn't do it, would you consider yourself the best?

I tend to fall on the small block (at least for now) side of that argument, and believe bitcoin will find it's way in the end. 

Montero does an interesting job of pointing to a lot of possible solutions though...

Yup and I tend to agree with the 'if you wanna scale, you should go off chain' argument.  I think some Montereans would tend to agree too.

And generalizethis, Monero had its share of flaws too.

But fungibility isn't one. I'm talking about the stated goal of being "electronic cash," which has been kick the can down the road problem for years with add on features that never address the issue head on. If anyone thinks that BTC will become cash in the next year, I'll take their bet.

This is an interesting discussion.  Have you considered that fungibility could be pretty strong on layer 2?  Granted this leaves us with a completely transparant base layer which presents it's own challenges.

This is actually at the crux why I believe Monero has a very unique value proposition.  It is fundamentally something bitcoin may never be able to fundamentally be.

It's actually something BTC must not be cos if it goes that route (if it can) then it's value proposition as a transparent and accountable blockchain would be lost.  I think there's value in everybody being able to audit and account everything with our own eyes than just trusting something to actually work (like Monero).  Not saying it's a bad thing...  As cAPSLOCK said, XMR has its own value proposition for a different class of people (good and bad). 

Wait, regarding the bolded text, are you suggesting that Monero is not accountable? Because you can...

And regarding "fungible layer 2" argument, I want to respond in the form of a question... Let's just say we are talking about Bitcoin.  What happens when the entire (>51%) Bitcoin economy goes off-chain?  Better yet, would you be ok accepting a payment for a good/service you were selling, only to have to go back on-chain in order to exchange for fiat, and then you find out that your Coinbase account gets frozen because your coins are tainted in some way not suitable for them?

Opt-in transparency is the only logical solution for fungibility

[Billy Bunter]

Mid of November going to be interesting 

Are you referring to Bakkt? I don't pretend to understand much about this market but it seems there are conflicting opinions as to the effect of Bakkt on the price of Bitcoin. There seems to be little price appreciation so far and we're less than five weeks away.