gulypz
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November 04, 2018, 10:05:42 PM |
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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.
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Hueristic
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Activity: 3948
Merit: 5360
Doomed to see the future and unable to prevent it
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November 04, 2018, 11:46:03 PM |
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@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.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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tokeweed
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Activity: 4088
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Life, Love and Laughter...
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November 05, 2018, 01:01:40 PM |
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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.
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generalizethis
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Activity: 1750
Merit: 1036
Facts are more efficient than fud
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November 05, 2018, 02:24:55 PM Last edit: November 05, 2018, 03:59:47 PM by generalizethis |
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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?
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cAPSLOCK
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Activity: 3766
Merit: 5146
Whimsical Pants
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November 05, 2018, 06:13:19 PM |
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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...
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Hueristic
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Activity: 3948
Merit: 5360
Doomed to see the future and unable to prevent it
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November 05, 2018, 11:38:40 PM |
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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
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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boomboom
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November 06, 2018, 02:19:39 AM |
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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.
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Globb0
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Activity: 2688
Merit: 2053
Free spirit
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November 06, 2018, 09:51:56 AM |
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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...
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tokeweed
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Activity: 4088
Merit: 1454
Life, Love and Laughter...
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November 06, 2018, 11:42:03 AM |
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^ 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.
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generalizethis
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Activity: 1750
Merit: 1036
Facts are more efficient than fud
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November 06, 2018, 11:49:14 AM |
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^ 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.
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cAPSLOCK
Legendary
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Activity: 3766
Merit: 5146
Whimsical Pants
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November 06, 2018, 03:33:05 PM |
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^ 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.
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Billy Bunter
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November 06, 2018, 04:52:11 PM |
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^ 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.
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Baguette Holder.
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elrippos friend
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Activity: 1179
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only hodl what you understand and love!
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November 06, 2018, 06:53:45 PM |
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tokeweed
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Activity: 4088
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Life, Love and Laughter...
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November 07, 2018, 02:05:18 PM |
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^ 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).
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georgemamat
Member
Offline
Activity: 476
Merit: 75
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November 07, 2018, 02:19:44 PM |
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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.
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Hueristic
Legendary
Offline
Activity: 3948
Merit: 5360
Doomed to see the future and unable to prevent it
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November 07, 2018, 09:43:32 PM |
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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.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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phishead
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November 08, 2018, 02:31:37 AM |
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^ 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
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Billy Bunter
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November 08, 2018, 12:48:47 PM |
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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.
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Baguette Holder.
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