[XMR] Monero Speculation

[cAPSLOCK]

I'm not spreading FUD, but has anyone seen this price projection?

XMR @ <0.007 BTC

https://twitter.com/ezbrahBTC/status/1070664392876875777
https://twitter.com/MeatTC_/status/1020783981925732353

Currently I am having a hard time seeing these isolated charts.  So much is happening in crypto/finance right now.

Ethereum imploding and reaching the technical wall so many of us saw coming.
BCH melting down.
BSV being propped up by a billionaire or two.
The era of forks slowing.
The era of blockchain attacks is heating up (e.g. vertcoin attack)
What is beginning to look like 2008-2009 scenario in world markets. (Global reset possible)

So these things just don't move in isolation.

Well those are good sings.

But what do you think about this?
https://breakermag.com/when-wall-street-financializes-bitcoin-who-benefits/

Most people are unable to make difference between paper BTC and real BTC. But blockchain can. So we need actual use of BTC on real shopping.

The real difference here is gold settlement is the lynchpin for paper gold to work.

If you HOLD YOUR PRIVATE KEYS.  They can't make fake bitcoin out of them.

[pönde]

I'm not spreading FUD, but has anyone seen this price projection?

XMR @ <0.007 BTC

https://twitter.com/ezbrahBTC/status/1070664392876875777
https://twitter.com/MeatTC_/status/1020783981925732353

Currently I am having a hard time seeing these isolated charts.  So much is happening in crypto/finance right now.

Ethereum imploding and reaching the technical wall so many of us saw coming.
BCH melting down.
BSV being propped up by a billionaire or two.
The era of forks slowing.
The era of blockchain attacks is heating up (e.g. vertcoin attack)
What is beginning to look like 2008-2009 scenario in world markets. (Global reset possible)

So these things just don't move in isolation.

Well those are good sings.

But what do you think about this?
https://breakermag.com/when-wall-street-financializes-bitcoin-who-benefits/

Most people are unable to make difference between paper BTC and real BTC. But blockchain can. So we need actual use of BTC on real shopping.

The real difference here is gold settlement is the lynchpin for paper gold to work.

If you HOLD YOUR PRIVATE KEYS.  They can't make fake bitcoin out of them.

I am not sure what mean "paper gold work"? But I know it works for the TPTB but not for the people.

If you HOLD YOUR PRIVATE KEYS.  They can't make fake bitcoin out of them.

Thats hard for people to understand, until they want to buy something with the paper gold. Blockchain says no. So thats why we need real world BTC shopping.

Do those paper bitcoin all ready exitst? And if so, what is the effect on BTC price? And what about the BTC futures?

[Febo]

The other day I read a post on reddit that in Switzerland someone installed ATMs that offers Monero. At that time I thought is a new ATM. But just realized they installed General Bytes ATM. The most often Monero ATM.  Back then also counted that there are 121 Monero ATMs worldwide now. What is doubled number from few months ago when I started counting them.  Beside, Japan and South Korea there is new also in Saudi Arabia and Belgium. I probably missed a country. Anyway now i went to check what kind of ATMs that offers Monero exist. And I got this:


DOBI ATM  - have installed ATM in countries - Hong Kong, South Korea, Japan, USA
Bitcoin D.A.V.E.  -"- Chile , USA
BitAccess -"- USA, Canada, Croatia, Denmark, Netherland, UK
Bitnovo -"- Spain
Trovemat -"- USA, CZ, Russia
Criptomat  -"- Ukraine
General Bytes  -"- everywhere  (55 Monero ATMs)

Bitcoin Teller -"- Australia, Vietnam, Rus, SA, Spain, USA. Italy Austria, Canada.

Bitcoin Teller is not real ATM but just a program they run on computers and a person sells you Monero or buy it from you.


So overall 7 different ATMs + this Bitcoin Teller thingy.

[SolarStorm]

Monero is weighted 1% in the Morgan Creek Bitwise Digital Asset Index:
https://digitalassetindexfund.com/

[cAPSLOCK]

I am not sure what mean "paper gold work"? But I know it works for the TPTB but not for the people.

If you HOLD YOUR PRIVATE KEYS.  They can't make fake bitcoin out of them.

Thats hard for people to understand, until they want to buy something with the paper gold. Blockchain says no. So thats why we need real world BTC shopping.

Do those paper bitcoin all ready exitst? And if so, what is the effect on BTC price? And what about the BTC futures?

The way paper crypto would work is like this:

1.  The institution holds 1 XMR
2.  The institution gives you some sort of promise of ownership of the capital it is holding.  This 1 XMR belongs to pönde.
3.  But they still hold the keys.
4.  They then use this same 1 XMR for further financial purposes, for example selling it short, or giving ANOTHER entity claims on it as well as you.

All of the above works fine until there is demand from multiple owners of the asset at the same time.

This was a huge part of the 2009 financial crisis.  It is a form of fractional reserve.  And poof Lehman Brothers is just a page in history...

And YES!  Those "paper BTC" *do* already exist.  Most, if not every exchange that holds the private keys for user's accounts is doing exactly this.  In the end (because of theft) it was also the way GOX fell.

The ultimate remedy is unique to bitcoin as it is a digital bearer asset.  All users have to do is either to hold their own private keys, take "physical delivery" of any contracts they purchase, or at the very least only do business with entities that keep BTC in segregated addresses for which the user KNOWS the public key, or address.

This is where it get's interesting, because never before has there been a financial instrument that has the bearer asset properties of cash, but all the advantages of digital money on top.

The WORLD is not anymore the way it used to be, mm mm mmm, Nuh Nuh NO!

[cAPSLOCK]

Do those paper bitcoin all ready exitst? And if so, what is the effect on BTC price? And what about the BTC futures?

Oh, and the effect on price would be to depress it.

Virtually it is a way to bypass the current limit of maximum coins.  For example 17mm XMR becomes virtual 51mm XMR, or 21mm BTC is suddenly 42mm.

Now each unit of crypto is worth a fraction of what it would be worth were there not the phantom copies floating around.

I will say this... Satoshi put so much power in the hands of users that every time (so far) someone has tried to control Bitcoin they have been ruined in the end.  We are watching this happen with the BCH  drama as it unfolds.

I believe the banks will face this same fate when they try to take control.  Does not mean they will not cause us problems in the meantime though.

[Whtwabbit]

"The WORLD is not anymore the way it used to be" Nah just the same just more "craft"y

To bad BitTeller doesn't mention XMR on their website

" includes nearly any mainstream alt-coin including: LTC, DOGE, DASH, LSK, ETH, BOX, ION, XEM, FCT, XRP, NXT, PPC, XLM, and more."

[Butterscotch Cartman]

Death spiral to $1, sell before its too late.

[Hueristic]

...I will say this... Satoshi put so much power in the hands of users that every time (so far) someone has tried to control Bitcoin they have been ruined in the end.  We are watching this happen with the BCH  drama as it unfolds.

I believe the banks will face this same fate when they try to take control.  Does not mean they will not cause us problems in the meantime though.

When? they are doing it right now under our noses.

[Febo]

...I will say this... Satoshi put so much power in the hands of users that every time (so far) someone has tried to control Bitcoin they have been ruined in the end.  We are watching this happen with the BCH  drama as it unfolds.

I believe the banks will face this same fate when they try to take control.  Does not mean they will not cause us problems in the meantime though.

When? they are doing it right now under our noses.

Yup it is happening right at this moment. There will be totally different structure of holders entering 2020 then it was in 2017.

[Butterscotch Cartman]

I feel bad for the suckers that bought this shitcoin.

[Dig Bicks]

I feel bad for the suckers that bought this shitcoin.

I converted all my monero to bitcoin and other alts.  Quite frankly, I don't think Monero has a bright future.  There are too many competing privacy projects that have better tech.

[owlcatz]

I feel bad for the suckers that bought this shitcoin.

I converted all my monero to bitcoin and other alts.  Quite frankly, I don't think Monero has a bright future.  There are too many competing privacy projects that have better tech.

Can you name any of them? Zcash? Lol.... 

[Endemicc]

Monero is a very interesting coin, but if law enforcement agencies take up the fight against anonymous cryptocurrencies, then many investors will leave this coin.If this happens, the price may fall to a very bad point due to the downward trend.

[Febo]

Monero is a very interesting coin, but if law enforcement agencies take up the fight against anonymous cryptocurrencies, then many investors will leave this coin.If this happens, the price may fall to a very bad point due to the downward trend.

Law enforcement agencies have to follow laws. They cant just make up laws. Laws exist for centuries and millenniums and evolve slowly in time. People employed in this agencies dont even dream of doing anything against TOR and now private ledger cryptocurencies.  They see use case in them also valuable to them and to everyone else. Same as it have use case to criminals. Like many other things beside TOR and private ledger cryptocurencies.

Yes I am 100% sure that there will be politicians trying to do something. But in most countries law is independent pillar of society and is not influenced by politicians wishes. And this turmoil will go on for some time so those politicians will get lots of attention.  But at the end common sense and law will win.


It is beyond my imagination how some, and it shocks me there are so many, people even imagine future with most transactions and basically everything totally transparent. Criminals will know just everything about you. That will be way way way way way more dangerous for society that criminals will have easier way to hide their activities.

[gembitz]

Monero is a very interesting coin, but if law enforcement agencies take up the fight against anonymous cryptocurrencies, then many investors will leave this coin.If this happens, the price may fall to a very bad point due to the downward trend.

Law enforcement agencies have to follow laws. They cant just make up laws. Laws exist for centuries and millenniums and evolve slowly in time. People employed in this agencies dont even dream of doing anything against TOR and now private ledger cryptocurencies.  They see use case in them also valuable to them and to everyone else. Same as ithave use case to criminals. Like many other things beside TOR and private ledger cryptocurencies.

Yes I am 100% sure that there will be politicians trying to do something. But in most countries law is independent pillar of society and is not influenced by politicians wishes. And this turmoil will go on for some time so those politicians will get lots of attention.  But at the end common sense and law will win.


It is beyond my imagination how some, and it shocks me there are so many, people even imagine future with most transactions and basically everything totally transparent. Criminals will know just everything about you. That will be way way way way way more dangerous for society that criminals will have easier way to hide their activities.

http://abe.getbitcoininstant.org:2750/chain/Instant

 

MESCALINE WEEEE

[byebyehi]

I used to believe in this coin but now he only go down.  I wish I never gouth Monero it will probably be 5 dollars or less soon.

[Deepcleen]

I used to believe in this coin but now he only go down.  I wish I never gouth Monero it will probably be 5 dollars or less soon.

I do not think so. It is good time to buy more coins now.

[shadowtree]

I used to believe in this coin but now he only go down.  I wish I never gouth Monero it will probably be 5 dollars or less soon.

Ya I guess monero turned out to be a shitcoin like the other ones. I really wish I never pucrhased this crap coin, I lost so much money on this scam.  The price continues to fall each day with zero signs of improvement

[scanderpot]

i think the monero have a future. But the markent is blac for al coins in this moment.