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Author Topic: Is Monero officially dead?  (Read 6167 times)
UnicornFarts
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December 02, 2014, 01:43:47 AM
 #41

By the way, Google's IPO was 10 years ago. Has that stopped anyone from using it's products and services?

ahahaha - google isn't a currency you clown.

lol - theres a diff between currency and business.  there's room for hundreds of millions of businesses.  there's room for as many currencies as there are armies.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin-Qt, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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December 02, 2014, 03:29:51 AM
 #42

Monero becomes 80% mined in 3.5 years from now. (Latecomers will look at it as unfair.)

Do you mean latecoming investors? Do you think investors are the end goal? Monero is intended to be a currency... you know, for trade. It's not a mutual fund.

A common (and yet undemonstrated) assumption in this community is the idea that a property's "investment potential" will have anything to do with it's mainstream adoption as an exchange medium.

Bitcoin demonstrates that the coin with the most liquidity has 99.9% of real world adoption. Investors provide most of bitcoin's liquidity. Therefore, a coin must be attractive to investors to succeed.

Year 2021
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December 02, 2014, 03:48:54 AM
 #43

Monero becomes 80% mined in 3.5 years from now. (Latecomers will look at it as unfair.)

Do you mean latecoming investors? Do you think investors are the end goal? Monero is intended to be a currency... you know, for trade. It's not a mutual fund.

A common (and yet undemonstrated) assumption in this community is the idea that a property's "investment potential" will have anything to do with it's mainstream adoption as an exchange medium.

Bitcoin demonstrates that the coin with the most liquidity has 99.9% of real world adoption. Investors provide most of bitcoin's liquidity. Therefore, a coin must be attractive to investors to succeed.

Bitcoin has approximately no real world adoption, so it hasn't demonstrated anything yet.

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December 02, 2014, 03:51:35 AM
 #44

Monero becomes 80% mined in 3.5 years from now. (Latecomers will look at it as unfair.)

Do you mean latecoming investors? Do you think investors are the end goal? Monero is intended to be a currency... you know, for trade. It's not a mutual fund.

A common (and yet undemonstrated) assumption in this community is the idea that a property's "investment potential" will have anything to do with it's mainstream adoption as an exchange medium.

Bitcoin demonstrates that the coin with the most liquidity has 99.9% of real world adoption. Investors provide most of bitcoin's liquidity. Therefore, a coin must be attractive to investors to succeed.

Monero has gone out of it's way to screw investors. A revolutionary standard for arrogance.

(1)  No GUI wallet.

(2)  More lost coins than you can imagine due to (1) and exchange ID requirement.

(3)  Devs constantly talk down price by saying it's irrelevant.

(4)  Clown shows like reptilia back on the street shilling for his One and Only True Love.

Enough. Fuck this shit.
othe
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December 02, 2014, 04:35:32 AM
 #45

Or is it only because of

5) Assholes like you and windjc talking shit about it the whole day? Lies lies lies for whatever reason.

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December 02, 2014, 04:52:06 AM
 #46

Quote
Monero has gone out of it's way to screw investors. A revolutionary standard for arrogance.

(1)  No GUI wallet.

(2)  More lost coins than you can imagine due to (1) and exchange ID requirement.

(3)  Devs constantly talk down price by saying it's irrelevant.

(4)  Clown shows like reptilia back on the street shilling for his One and Only True Love.

Enough. Fuck this shit.

*Sigh* I do agree that rptelia mansion dude is .... irritating.

however.  the coin release curve is pretty much guaranteeing that this isn't gonna make any early adopters rich.  in fact - it's making early adopters poor in favor of mid adopters LOL!

so misguided is possible but scammy?  not really.

the db development is real.  the webwallet is real.  the new buggy codebase is real.

it will be worked out in time possibly.

why don't you invest in XC?   Grin  lots of cheap coins  Cheesy
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December 02, 2014, 06:07:37 AM
 #47

By the way, Google's IPO was 10 years ago. Has that stopped anyone from using it's products and services?

ahahaha - google isn't a currency you clown.

lol - theres a diff between currency and business.  there's room for hundreds of millions of businesses.  there's room for as many currencies as there are armies.

Indeed it's funny how you call me a clown and agree with me in the same sentence Smiley
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December 02, 2014, 06:11:52 AM
 #48

Bcx killed this coin in an innovative way.. Lol he didnt even break the protocol but i did predict 6 month bear for monero when it happened.. Thismarket has too much supply.. Thats all it takes to kill a coin med term

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December 02, 2014, 06:15:13 AM
 #49

Monero becomes 80% mined in 3.5 years from now. (Latecomers will look at it as unfair.)

Do you mean latecoming investors? Do you think investors are the end goal? Monero is intended to be a currency... you know, for trade. It's not a mutual fund.

A common (and yet undemonstrated) assumption in this community is the idea that a property's "investment potential" will have anything to do with it's mainstream adoption as an exchange medium.

Bitcoin demonstrates that the coin with the most liquidity has 99.9% of real world adoption. Investors provide most of bitcoin's liquidity. Therefore, a coin must be attractive to investors to succeed.

Bitcoin has approximately no real world adoption, so it hasn't demonstrated anything yet.


Not sure bout that anyways network effect thru word ofmouth is far stronger than anything else right now.. Joe blow has no reason to choose monero over bitcoin thus he doesnt..

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
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December 02, 2014, 06:17:04 AM
 #50

Monero becomes 80% mined in 3.5 years from now. (Latecomers will look at it as unfair.)

Do you mean latecoming investors? Do you think investors are the end goal? Monero is intended to be a currency... you know, for trade. It's not a mutual fund.

A common (and yet undemonstrated) assumption in this community is the idea that a property's "investment potential" will have anything to do with it's mainstream adoption as an exchange medium.

Bitcoin demonstrates that the coin with the most liquidity has 99.9% of real world adoption. Investors provide most of bitcoin's liquidity. Therefore, a coin must be attractive to investors to succeed.

Bitcoin demonstrates nothing. It has no real world adoption as a currency. If anything, it goes to show that an investment vehicle will always be treated as such and will never magically switch to serve another purpose.
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December 02, 2014, 07:11:15 AM
 #51

...
Monero has gone out of it's way to screw investors short term speculators. A revolutionary standard for arrogance.

(1)  No GUI wallet.

(2)  More lost coins than you can imagine due to (1) and exchange ID requirement.

(3)  Devs constantly talk down price by saying it's irrelevant.

(4)  Clown shows like reptilia back on the street shilling for his One and Only True Love.

Enough. Fuck this shit.

Replace investors with short term speculators and I may actually agree. An investor as opposed to a short term speculator purchasing XMR at 0.01 XBT a few months back, who holds for a few years, could easily end up in the same position as an investor purchasing XBT in June 2011 at 30 USD, who also held for a few years.  

My take is the approach taken by the devs of focusing on the long term and fundamentals, makes XMR very attractive to investors, but equally very dangerous to short term speculators.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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December 02, 2014, 07:36:22 AM
 #52

Monero's legitimacy will face a crisis. Either:

1) Monero's block reward is changed by the community, resulting in a retroactive fastmine. (People mining in the first 6 months got more coins.)
or
2) Monero becomes 80% mined in 3.5 years from now. (Latecomers will look at it as unfair.)

Latecomers are, well .......... coming to late!
Was same with Bitcoins. Get in early, I say.

(Don't have to sink a fortune into this, like today's Whales did on Bitcoin. Just get some for later. You will not regret.)

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December 02, 2014, 08:07:14 AM
 #53

...
Monero has gone out of it's way to screw investors short term speculators. A revolutionary standard for arrogance.

(1)  No GUI wallet.

(2)  More lost coins than you can imagine due to (1) and exchange ID requirement.

(3)  Devs constantly talk down price by saying it's irrelevant.

(4)  Clown shows like reptilia back on the street shilling for his One and Only True Love.

Enough. Fuck this shit.

Replace investors with short term speculators and I may actually agree. An investor as opposed to a short term speculator purchasing XMR at 0.01 XBT a few months back, who holds for a few years, could easily end up in the same position as an investor purchasing XBT in June 2011 at 30 USD, who also held for a few years.  

My take is the approach taken by the devs of focusing on the long term and fundamentals, makes XMR very attractive to investors, but equally very dangerous to short term speculators.

I think this is what it comes down to, XMR is the kind of coin that, regardless of speculators losing on short term, can reward holders on the long term like Bitcoin, I dont see many coin like this, in fact I only see Bitcoin and Monero.

.."in fact I only see Bitcoin and Monero."...

that can be seen as a very narrow minded point of view




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December 02, 2014, 09:21:13 AM
 #54

Looks cheapr with good reputation. I'm in!

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December 02, 2014, 10:43:48 AM
 #55

Was same with Bitcoins. Get in early, I say.

It isn't "the same" because the timetable is compressed significantly. Bitcoin mining didn't reduce at all for nearly 4 years, and won't reduce again until almost 8 years. Even at that point bitcoin will be only 75% mined. After 8 years Monero will be 95% mined or something. (I don't know the exact numbers off the top of my head.)

On the other hand, the point has been made that bitcoin has blazed the trail and a coin offering enough of a different approach to have value but enough similarity to bitcoin can ride on bitcoin's coattails, gaining adoption much faster (bitcoin had absolutely zero adoption for around 2 years and still doesn't really have that much after 6).

It remains to be seen if this coattails theory works out and I would personally prefer that the mining be slower. (I've recently proposed that we start a gradual process of slowing it down; done that way I don't really see a "retroactive instamine" because there is still plenty of time for anyone who wants to mine or buy from miners to do so before and during the slow transition.)

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December 02, 2014, 11:28:01 AM
 #56

Its the death of monero lol , its just a diffucult time lol like Btc got few years ago
To my mind its a good  moment to buy lots of cheap coins .
Menero is a interesing rypto  btw !

There is nothing really which stands out for Monero. There are a lot of loudmouths but that doesn't equal long term success.

I doubt anybody here cares about that. It will keep getting pumped and dumped so the whales will remain happy.
Yes there is, the only legit anonymous coin and the only legit iteration of ring signature tech coupled with a solid ass development team.

What makes it legit? You holding a lot of this doesn't count.

There are lots of decent anonymous coins. Outside this tech, TITAN has been running without any hitch so far.



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December 02, 2014, 11:32:36 AM
 #57

Its the death of monero lol , its just a diffucult time lol like Btc got few years ago
To my mind its a good  moment to buy lots of cheap coins .
Menero is a interesing rypto  btw !

There is nothing really which stands out for Monero. There are a lot of loudmouths but that doesn't equal long term success.

I doubt anybody here cares about that. It will keep getting pumped and dumped so the whales will remain happy.
Yes there is, the only legit anonymous coin and the only legit iteration of ring signature tech coupled with a solid ass development team.

What makes it legit? You holding a lot of this doesn't count.

There are lots of decent anonymous coins. Outside this tech, TITAN has been running without any hitch so far.

Answered by othe five months ago:

https://bitcointalk.org/index.php?topic=707233.msg8007348#msg8007348
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December 02, 2014, 11:48:57 AM
 #58

Its the death of monero lol , its just a diffucult time lol like Btc got few years ago
To my mind its a good  moment to buy lots of cheap coins .
Menero is a interesing rypto  btw !

There is nothing really which stands out for Monero. There are a lot of loudmouths but that doesn't equal long term success.

I doubt anybody here cares about that. It will keep getting pumped and dumped so the whales will remain happy.
Yes there is, the only legit anonymous coin and the only legit iteration of ring signature tech coupled with a solid ass development team.

What makes it legit? You holding a lot of this doesn't count.

There are lots of decent anonymous coins. Outside this tech, TITAN has been running without any hitch so far.

Answered by othe five months ago:

https://bitcointalk.org/index.php?topic=707233.msg8007348#msg8007348

Answered incorrectly, you mean.

I don't mind Monero. It was somewhat interesting over the BCX drama but as usual he has done nothing.



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December 02, 2014, 04:54:02 PM
 #59

I will continue to hold my Monero. Who gives a fuck what you trolls think or say? It has put money in my pocket before, so I bet it does it again
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December 02, 2014, 04:55:28 PM
 #60

I will continue to hold my Monero. Who gives a fuck what you trolls think or say? It has put money in my pocket before, so I bet it does it again

Please describe how Monero has put money in your pocket.

Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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