[XMR] Monero Speculation

[Globb0]

Not much price action due to this development... DNMs are old news.  But I imagine we should see usage continue to increase:

Actually I don't think so.

Normal people are finding TOR and getting something sent is so much easier than anything else.


A CARPENTER friend sent me a guide. lol

he couldn't be less tech, but now will weekly use coins online.

What do you "not think so"?  That usage increases?

I thought you said DNM was old news.

I think its becoming less weird more normal.

I mean the fact people can say DM without melting down. 

[1714979905]

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[cAPSLOCK]

Not much price action due to this development... DNMs are old news.  But I imagine we should see usage continue to increase:

Actually I don't think so.

Normal people are finding TOR and getting something sent is so much easier than anything else.


A CARPENTER friend sent me a guide. lol

he couldn't be less tech, but now will weekly use coins online.

What do you "not think so"?  That usage increases?

I thought you said DNM was old news.

I think its becoming less weird more normal.

I mean the fact people can say DM without melting down. 

Gotcha.  Yeah, my thought was alphabay takes Monero we get the price rise of the decade.  Monero takes over the DNM scene little by little?  Crickets.  But DNMs are old news and as you are saying regular people know about them.

So what I see is one of the purest strongest use cases for a digital currency building, but fairly quietly.  We could say this is already priced into Monero at the speculative level... but I do not think that is 100% true.

Also, I believe Monero may end up discounted in some ways because of this (though I think the positive firmly outweigh the negatives from a speculative standpoint).  Monero is doing Bitcoin a huge favor by taking the illegitimate use stigma away for itself.

I am a firm believer that financial privacy is good for ALL, not just people breaking the law, lol.  But that use case is a very valid test for sure.

Interesting times, to say the least.

(Hello FBI people.  I do not advocate people take part in DNMs or drug trade etc. I believe Monero is an important project because of it's connection to the notion of free speech and privacy.)

[tokeweed]

Not much price action due to this development... DNMs are old news.  But I imagine we should see usage continue to increase:

It wouldn't only increase, I think it could dominate the whole DNM space.  These guys are catching on faster than the bros of crypto.  And I hope it stays that way til I get a nice stack.    

Edit:  And I think the reason why there's a lack of price action is cos WHM didn't play it like AB did.

[kurious]

Not much price action due to this development... DNMs are old news.  But I imagine we should see usage continue to increase:

Actually I don't think so.

Normal people are finding TOR and getting something sent is so much easier than anything else.


A CARPENTER friend sent me a guide. lol

he couldn't be less tech, but now will weekly use coins online.

What do you "not think so"?  That usage increases?

I thought you said DNM was old news.

I think its becoming less weird more normal.

I mean the fact people can say DM without melting down. 

Gotcha.  Yeah, my thought was alphabay takes Monero we get the price rise of the decade.  Monero takes over the DNM scene little by little?  Crickets.  But DNMs are old news and as you are saying regular people know about them.

So what I see is one of the purest strongest use cases for a digital currency building, but fairly quietly.  We could say this is already priced into Monero at the speculative level... but I do not think that is 100% true.

Also, I believe Monero may end up discounted in some ways because of this (though I think the positive firmly outweigh the negatives from a speculative standpoint).  Monero is doing Bitcoin a huge favor by taking the illegitimate use stigma away for itself.

I am a firm believer that financial privacy is good for ALL, not just people breaking the law, lol.  But that use case is a very valid test for sure.

Interesting times, to say the least.

(Hello FBI people.  I do not advocate people take part in DNMs or drug trade etc. I believe Monero is an important project because of it's connection to the notion of free speech and privacy.)

Passing this on cAPSLOCK:

Hey Kurious, tell cAPSLOCK we're watching, and we know.

[cAPSLOCK]

Passing this on cAPSLOCK:

Hey Kurious, tell cAPSLOCK we're watching, and we know.

Well, duh!

[Hueristic]

Dammit, no ammo available ATM.

[elrippos friend]

Dammit, no ammo available ATM.

 

[phishead]

Dammit, no ammo available ATM.

I’m holding onto my last BTC I got and looking at these cheap coins looking like...

[cAPSLOCK]

The USD chart looks decent.  The BTC chart is disastrous.  This is alt coin land currently.



It is beginning to look like this Bitcoin Epoch has a chance of being known as the BTC ALT decoupling.  Overall I think this is a VERY good thing.

But the market is not sophisticated enough to see the value prop of the few alts that have one (I honestly only know of one).  I also wonder if the US government (or others) do not have other virtual currencies in their sites.  They probably could not destroy ETH (although I am not sure) but ZEC for example it RIPE for an attack by SEC etc.  Centralized... taking a cut, etc.  They are not as bad as Ripple was, but close.

But at the same time, XMR's use case is strengthening before our eyes.  And it is as decentralized as possible in the post-bitcoin crypto world.

Personally if I was not satisfied with my positions I would see this is an amazing buying opportunity for XMR.  The hidden risk/reward here is compelling.

[kurious]

The BTC chart is a tad disappointing, I really thought we'd bottomed at 0063.

0055 is a bit 'ouch', but the fundamentals are still there, it's just it's all about Bitcoin right now.  I think, like others perhaps, that it's a great buy right now, but I can't bear to spend BTC just now to take advantage.

As I said previously I think we need to wait until spring to see a decent run again. There were good signs of life in October, we will see them again in Feb/March.  As always at times like these, HODL.

[Globb0]

They were always crying Hoddle.

Why shouldn't we also have our little run of Hoddle.


Hold strong!

[dEBRUYNE]

CLI & GUI v0.17.1.8 'Oxygen Orion' released (includes patch for memory exhaustion attack)!

https://www.reddit.com/r/Monero/comments/kncbj3/cli_gui_v01718_oxygen_orion_released_includes/

[cAPSLOCK]

The BTC chart is a tad disappointing, I really thought we'd bottomed at 0063.

0055 is a bit 'ouch', but the fundamentals are still there, it's just it's all about Bitcoin right now.  I think, like others perhaps, that it's a great buy right now, but I can't bear to spend BTC just now to take advantage.

As I said previously I think we need to wait until spring to see a decent run again. There were good signs of life in October, we will see them again in Feb/March.  As always at times like these, HODL.

It is also about Greyscale, XRP and XLM pulling down the alts really hard too.  It's beautiful from a maximalist perspective. 

But as you said the fundamentals are there.  We just saw one of the most meaningful things happen for Monero on a fundamental level, and it's crickets all the way around.  Even we are yawning about it.  But Monero is the only payment source at the worlds largest online crypto only marketplace that is not an exchange/casino.  They ONLY ACCEPT MONERO.  They have a customer base of a half million, and a third of them are "active" (whatever that means).



I mean... this will not ultra-significantly change the usage levels, since it was virtually Monero only already, but this is really a bit of sleeper news.  It is a significant shift in the whole virtual currency realm.

Have you guys noticed?  Monero has the odd penchant for having some really bullish news come during overall market downturns. I kind of wonder if that crazy spike we saw a few weeks ago was insiders thinking they were gonna get in before the pump?  I dunno, maybe I am overestimating the impact...  Thoughts?

[kurious]

@cAPSLOCK - not sure it was front running, I just think it was good volume and natural price action.
Since then it's all been about King Bitcoin - all the alts have suffered.   Especially those further down the chart in terms of market cap.
Things will inevitably turn around and Monero will be back in the sun before too long.  Use case and credibility does count.

[explorer]

Well, some say it looks like 2016.  They are right, on BTC:XMR, at least.  August 2016 was the last time it was this low.  Fill bags.

[phishead]

If this Bitcoin pump gets more hyperbolic, I wonder what are the chances we could see ATL levels of .001 ...

[explorer]

If this Bitcoin pump gets more hyperbolic, I wonder what are the chances we could see ATL levels of .001 ...

Twice was more than enough of that, thanks.  Let's go the other way.  What does 0.100 feel like?

[kurious]

If this Bitcoin pump gets more hyperbolic, I wonder what are the chances we could see ATL levels of .001 ...

Twice was more than enough of that, thanks.  Let's go the other way.  What does 0.100 feel like?

About right

[explorer]

If this Bitcoin pump gets more hyperbolic, I wonder what are the chances we could see ATL levels of .001 ...

Twice was more than enough of that, thanks.  Let's go the other way.  What does 0.100 feel like?

About right

Way overdue for a Magnitude (or two) Up Event.  I don't know how contrived the transaction count is, but it continues to impress.  Over 0.06 of BTC, and climbing.
  Seems reasonable to me that by 10% of BTC transactions, 10% of tx fee, 10% of tx time we should have a price of 10%   

Happy New Year

[explorer]

WTF was that?