[XMR] Monero Speculation

[smooth]

Reasons for XMR to potentially to overtake BTC. I'm not predicting this just throwing out reasons why it could happen.

1. Pure stupidity of crypto markets i.e. anything is possible. e.g. Verge could overtake BTC.
2. Tail reward comes to forefront as a confidence crisis over stability
3. On-chain fungibility advantage recognized as crucial
4. RandomX is a huge success (large and widely-distributed mining network becomes a clear advantage, contributing to a confidence flip)
5. Flexible blocksize results in significantly better on-chain scalability without a bloat explosion that destroys decentralization.

For 2 - 4, it's possible only if BTC's crazy pumps have really been cos of actual usage.  But it isn't.  The market is just one big, giant casino imo, so '1' is most likely. 

Not so much. Most of it could easily happen just due to narrative and speculation. People can always convince themselves that "actual usage" will come later.

[Bitcoinaire]

Indeed, these are dark days for Monero and alts in general. Bitcoin maximalists are taking victory laps and high fiving each other. Our day shall come, soon......

[Hueristic]

Indeed, these are dark days for Monero and alts in general. Bitcoin maximalists are taking victory laps and high fiving each other. Our day shall come, soon......

Meh, that's only because they're stacks are worth more, they don't realize that is because the establishment is mapping them with their own stacks.

When that sinks in or they catch the repercussions from it they will see the value of Monero.

[Millionero]

Reasons for XMR to potentially to overtake BTC. I'm not predicting this just throwing out reasons why it could happen.

1. Pure stupidity of crypto markets i.e. anything is possible. e.g. Verge could overtake BTC.
2. Tail reward comes to forefront as a confidence crisis over stability
3. On-chain fungibility advantage recognized as crucial
4. RandomX is a huge success (large and widely-distributed mining network becomes a clear advantage, contributing to a confidence flip)
5. Flexible blocksize results in significantly better on-chain scalability without a bloat explosion that destroys decentralization.

For 2 - 4, it's possible only if BTC's crazy pumps have really been cos of actual usage.  But it isn't.  The market is just one big, giant casino imo, so '1' is most likely.  

Not so much. Most of it could easily happen just due to narrative and speculation. People can always convince themselves that "actual usage" will come later.

Store of value counts as actual usage, n'est-ce pas?  A very volatile store, true.

[smooth]

Reasons for XMR to potentially to overtake BTC. I'm not predicting this just throwing out reasons why it could happen.

1. Pure stupidity of crypto markets i.e. anything is possible. e.g. Verge could overtake BTC.
2. Tail reward comes to forefront as a confidence crisis over stability
3. On-chain fungibility advantage recognized as crucial
4. RandomX is a huge success (large and widely-distributed mining network becomes a clear advantage, contributing to a confidence flip)
5. Flexible blocksize results in significantly better on-chain scalability without a bloat explosion that destroys decentralization.

For 2 - 4, it's possible only if BTC's crazy pumps have really been cos of actual usage.  But it isn't.  The market is just one big, giant casino imo, so '1' is most likely.  

Not so much. Most of it could easily happen just due to narrative and speculation. People can always convince themselves that "actual usage" will come later.

Store of value counts as actual usage, n'est-ce pas?  A very volatile store, true.

Store of value is a narrative too. Nobody really knows for sure whether or not these assets will retain value, its all based on belief and the story being convincing.

[Globb0]

As is a banknote. A belief that the promise to pay bearer will be honoured

[Hueristic]

As is a banknote. A belief that the promise to pay bearer will be honoured

I let a neighbor borrow 200 bucks once and he gave me a check. Later on when i stopped at his bank (Citizens) they tried to charge me 5 bucks to cash it! I was dumbfounded and told them that check was their word! They said if I had an account there would be no charge and I told her thats not the point, the point is I accepted the check as their word it was good and that i am not going to pay for the honor of giving an interest free loan to their customer. Eventually I opened an account deposited the check and left one dollar in the account so they can send me statements every month. Whats worse is the teller wouldn't open an account for me for the sole purpose of avoiding their fees so I had to call her manager over and the manager said open the account immediately and that went right up that tellers ass.

[mindrust]

Store of value is a narrative too. Nobody really knows for sure whether or not these assets will retain value, its all based on belief and the story being convincing.

You just described every financial asset out there. Tell me one asset which doesn't have its value based on belief and story. All of them has a story.

FIAT has value because USA tells us and they patriot the shit out of the countries which say otherwise. (Iraq, Iran, N. Korea, Libya...)

Gold has a story as well because it was being used as currency before papers started to dominate as we read from history books.

Bitcoin has its story too. (pretty strong one) It appeared right after the financial crisis in 2008 and it is a deflationary asset in the world of negative interest rates and constantly QE'd FIAT.

In all these, Monero also has a story. It is providing hardcore anonymity which is valuable as well.

The main problem here is, monero needs more of those story tellers who should convince people.

[Hueristic]

...

In all these, Monero also has a story. It is providing hardcore anonymity which is valuable as well.

The main problem here is, monero needs more of those story tellers who should convince people.

The problem is sheeple expect others to fight their battles for them. They provide lip service but when it comes to putting their money where their mouths are or putting their own ass on the line they are a bunch of little fucking girls with no balls. And they are afraid and thats why the Gov can spy on them the banks can steal thier assets and fiat and fagbook/google/etc can steal and sell their data and they take it up the ass like good little princesses.

[smooth]

Tell me one asset which doesn't have its value based on belief and story.

Food. You can eat it. Etc.

Oh wait, you said

You just described every financial asset out there

That is probably true. If it is an asset based on money or tied to money there is certainly going to be an aspect of resale (which depends on there being a buyer who believes the story) and/or future cash flows (which depend on the story coming to pass).

[gembitz]

Tell me one asset which doesn't have its value based on belief and story.

Food. You can eat it. Etc.

Oh wait, you said

You just described every financial asset out there

That is probably true. If it is an asset based on money or tied to money there is certainly going to be an aspect of resale (which depends on there being a buyer who believes the story) and/or future cash flows (which depend on the story coming to pass).

XMR vs. ANC anonymous hands down ftw! ===>

https://freiexchange.com/market/ANC/BTC

[jwinterm]

Tell me one asset which doesn't have its value based on belief and story.

Food. You can eat it. Etc.

Oh wait, you said

You just described every financial asset out there

That is probably true. If it is an asset based on money or tied to money there is certainly going to be an aspect of resale (which depends on there being a buyer who believes the story) and/or future cash flows (which depend on the story coming to pass).

XMR vs. ANC anonymous hands down ftw! ===>

https://freiexchange.com/market/ANC/BTC

BTC vs. FRC freicoin hands down ftw! ===>

Mark Freidenbacher's zero volume dead shitcoin exchange

[phishead]

Store of value is a narrative too. Nobody really knows for sure whether or not these assets will retain value, its all based on belief and the story being convincing.

You just described every financial asset out there. Tell me one asset which doesn't have its value based on belief and story. All of them has a story.

FIAT has value because USA tells us and they patriot the shit out of the countries which say otherwise. (Iraq, Iran, N. Korea, Libya...)

Gold has a story as well because it was being used as currency before papers started to dominate as we read from history books.

Bitcoin has its story too. (pretty strong one) It appeared right after the financial crisis in 2008 and it is a deflationary asset in the world of negative interest rates and constantly QE'd FIAT.

In all these, Monero also has a story. It is providing hardcore anonymity which is valuable as well.

The main problem here is, monero needs more of those story tellers who should convince people.

The story of Fiat having power is many more nations than just the US.  The US is more of the "muscle" of the other powers that be that enforce nations like Libya, Iran, etc. to comply with the International Monetary Fund/World Trade Organization rules that are governed by unelected people who are appointed, rather than voted for by normal citizens of the world like us.

If you are doing a long road trip anytime soon and want to listen to some good journalism (even though her voice might get a bit too "pitchy" at times) you should check out this episode where this person (Jennifer Briney) talks about her going down the rabbit hole of the WTO.  To me it seems to be the "behind the scenes" story of why nations like Russia, China and others are still in the midst of being strong armed into cooperating with this type of NWO ever since WWII.

https://congressionaldish.com/cd102-the-world-trade-organization-cool/

[gembitz]

Store of value is a narrative too. Nobody really knows for sure whether or not these assets will retain value, its all based on belief and the story being convincing.

You just described every financial asset out there. Tell me one asset which doesn't have its value based on belief and story. All of them has a story.

FIAT has value because USA tells us and they patriot the shit out of the countries which say otherwise. (Iraq, Iran, N. Korea, Libya...)

Gold has a story as well because it was being used as currency before papers started to dominate as we read from history books.

Bitcoin has its story too. (pretty strong one) It appeared right after the financial crisis in 2008 and it is a deflationary asset in the world of negative interest rates and constantly QE'd FIAT.

In all these, Monero also has a story. It is providing hardcore anonymity which is valuable as well.

The main problem here is, monero needs more of those story tellers who should convince people.

The story of Fiat having power is many more nations than just the US.  The US is more of the "muscle" of the other powers that be that enforce nations like Libya, Iran, etc. to comply with the International Monetary Fund/World Trade Organization rules that are governed by unelected people who are appointed, rather than voted for by normal citizens of the world like us.

If you are doing a long road trip anytime soon and want to listen to some good journalism (even though her voice might get a bit too "pitchy" at times) you should check out this episode where this person (Jennifer Briney) talks about her going down the rabbit hole of the WTO.  To me it seems to be the "behind the scenes" story of why nations like Russia, China and others are still in the midst of being strong armed into cooperating with this type of NWO ever since WWII.

https://congressionaldish.com/cd102-the-world-trade-organization-cool/

Libra vs. XMR facebook will come for fluffys ponies? reeeeee

[Hueristic]

Wow, the sky is falling, what happened?

[Whtwabbit]

Wow, the sky is falling, what happened?

Clearing out the longs b4 huge pump?

[Johnny Mnemonic]

This is the pain and FUD we've been waiting for. I predict we will hit a new USD ATH within 90 days. That means end of September.

Still on target!

Reasons for XMR to potentially to overtake BTC. I'm not predicting this just throwing out reasons why it could happen.

1. Pure stupidity of crypto markets i.e. anything is possible. e.g. Verge could overtake BTC.
2. Tail reward comes to forefront as a confidence crisis over stability
3. On-chain fungibility advantage recognized as crucial
4. RandomX is a huge success (large and widely-distributed mining network becomes a clear advantage, contributing to a confidence flip)
5. Flexible blocksize results in significantly better on-chain scalability without a bloat explosion that destroys decentralization.

#2 appears to be more of an inevitability than a possibility.

[Hueristic]

Wow, the sky is falling, what happened?

Clearing out the longs b4 huge pump?

Would be nice, I bought some m0ar.

[infofront]

Max Keiser shills for Monero now

https://oracletimes.com/monero-xmr-will-become-a-market-leader-soon-says-max-keiser/

Crypto enthusiast Max Keiser revealed the fact that he’s pretty certain that Monero will gain the position as a market leader.

He believes that this is bound to happen sooner rather than later.

Keiser supports Monero and pointed out the lack of fungibility in Bitcoin’s case.

He said that Monero can serve this purpose and as a result, the privacy-oriented coin will become one of the top three digital assets in the crypto market soon.

[hotforblockchain]

Can you remember or supply a link to the "regulation laws which can potentially impact them"?

Dont have direct link with law which talks about privacy coins.
My statement is based on pure logic- banks are accountable for knowing from where the money is coming to their accounts, they are enforcing these kind of rules to their customers.

Any exchange which is and will work with FIAT hs to have a bank account which has very high turnover. If the bank account holder can not track transactions tied to crypro transfers then they will not work with privacy coins. Too much of a risk for small profit form trading fees.