Topic: Could Monero replace Bitcoin soon? - page 16. (Read 33721 times)

The dollar bill is a strong anarchist weapon, like gold was.  One is fighting the dollar bill exactly for that reason. But the dollar bill has the problem of being a physical object, which leaves physical traces, and cannot be transported invisibly to a random person or group or entity somewhere else in the world.  You need physical contact to transfer it.  You need to store it somewhere you can reach it.  It can be found.  It can easily be stolen.  If you take an air plane, and you take $ 1000 000 in dollar bills, there's a risk to be found.  If you have a monero address somewhere on an encrypted device, or even as a brain wallet, there's no trace.   Nobody can know you have it.  Of course, you can chose to reveal it.  But one cannot force you.  You may die with your secret, transmit it to relatives, no-one will ever know.

I call an anarchist weapon, something the state cannot steal, cannot block, cannot use against you when you use it to enjoy your freedom.

I think need to make it more usable first before saying it will replace to bitcoin,  and I read article about this coin but still not convince that it will make there own name and get a high value. Break the price of ethereum first before assume  monero will replace  bitcoin.

I think that you will find Monero something of a disappointment as an "anarchist weapon".  Consider that it has regulatory compliance features baked in.  Not auspicious. It is cash. It's really no more of an anarchist weapon than is a dollar bill.  Anti-fascist, maybe.  Anarchist, not so much.

I think it would be much safer to say that it is a disruptive technology.  That will threaten many established interests, but rather than creating an anarchic power vacuum, it will displace some power from holders of legacy currencies. Most of those newly empowered will not be anarchists.  Some will be anomic, deviant.  Certainly the DNM demographic will be over-represented in early stages, but in the long run who has the most to protect, the most need of privacy?  The wealthy and the powerful.  Serving their interests is not likely to please most self-identified anarchists.

(Disclosure: Myself, I am an anarchist, in some senses.  I consider intelligent liberty to be the highest form of utility, and consider nation-states to be murderous rapacious gangs of thugs, responsible for hundreds of millions of lost lives, operating lawlessly under the color of law.  In other senses I am not. I order my life by my understanding of divine law, and seek to be scrupulously compliant with prevailing legal norms and authorities wherever it is not in conflict with higher laws.)

I think that a potential anarchist weapon should be tested real world in the criminal sphere (in the same way that states test their weapons in warfare).  Bitcoin has gone the institutional side, Winkelvoss type, and is somewhat lost as anarchist weapon, and has become of late more a trap for people looking for freedom rather than a tool in their endeavour. 

The goal of a crypto currency is not to have the biggest market cap.   The market cap should be big enough such that individual trades are small enough compared to it not to "crash the market", so there is some need of market cap.  But if a bigger market cap only comes through regulation and institutionalisation, it is useless.   The economy using it (for real, as a means of exchange) should be diverse and large enough for it to be a genuine useful means of exchange.  But that's it.  Bitcoin has not a very large use as a means of exchange: it is mainly a speculation tool, and a "store of value".  In fact, cryptos only serious use as a means of exchange has been in darknets.  It is now somewhat used as a means of payment for software services (VPS, VPN...). 

From the moment that distributed crypto exchanges exist (and that's easier to do than distributed FIAT/crypto exchanges), in fact, all crypto is the same market.  You can then easily change from bitcoin to monero to whatever coin in a hopefully anonymous and unstoppable way, and all these markets unite, in the same way as most fiat markets are united by FX exchanges.

So there is no need for monero to replace bitcoin.  It is very well that monero's resistance to state warfare is tested in the real world instead of in flame wars on forums, to see what the technology really has to offer.

You really think that when some whale unloads his bags for Monero, that the people receiving Bitcoin is going to automatically sell it for fiat?  If the majority of people do not, then Bitcoin would not lose it's value which could be said for XMR too since they are indirectly tied together. Personally I can't see people trading altcoins regularly to be the ones who would "cash out" so easily in and out of cryptos like that.

"Man wird am besten für seine Tugenden bestraft." --Nietzsche

For me bitcoin's price will have to go down substantially for XMR to catch up if ever it really has a chance to catch up. Why do I think this? Because for XMR to be the no.1 capitalized coin in coinmarketcap.com, a big group of whales from bitcoin must first unload a big part of their BTC and load up on XMR.

Now that XMR is discovering its own market niche people will start to form and build an economy around it. This will take maybe a shorter time than it did forming bitcoin's economy in the dark market. But beware to the community of Monero. You have to accept and embrace the fact that XMR might be seen as the "evil coin" used by criminals, illegal drug peddlers and maybe also terrorists to cover their tracks. This could be an impediment or an advancement in its development depending on your point of view.

There was a reason why Darkcoin dropped the "dark" to be viewed as a more "legitimate" alternative to bitcoin. Maybe they did not want to go to the dark market road. For me that is a big mistake. Monero is going where no one is willing to go. That will push for more advancement of the coin.

Quoted so I can taunt you come 2025

I hate it when Legendary members talk out of their ass

Lol, No.

Dash is not even close to being #2.  Coinmarketcap.com is valuing the supernode capital on an MTM basis.  If that capital, and the stealth instamined millions were to float on the market, dash could drop 90% in a day. 

All of the monero is floating.  The cap numbers for Monero are actual, legit numbers.

But yes, not soon.  I think somewhere in the 2020-2024 range it is likely that 1 XMR = 1 BTC.  But both will be at a much higher fiat/gold price by then.

thats true, those new coins or pumped coins are usually really useless and i never invest into them to not lose

Not soon, even dash can't, dash is no.1 anon coin, monero is no.2, maybe ethereum has the chance to replace bitcoin, but maybe in 10 years.

To drive out the villagers, poison the well.  Then you can move in, unopposed.

www.coindesk.com/us-government-lockheed-martin-bitcoin-analysis-tool/

we need more privacy..they will snoop around the blockchain...xmr cryptonote is immune to this unlike btc

This post ^ is useless.

It's actually quite amusing to see many trying to detract or talk down the monero price almost in a FOMO/shoulda/woulda/coulda style of missing out.

Not anymore when the darknet starts to accept it. XMR will have the 2nd largest economy after BTC by the year 2018. The trading of drugs and illegal items in the darknet is expanding and the market is global. If there is a market that a coin should penetrate it is the darknet.

Yeah, sorry but I am willing to take risk to achieve rewards, while you are just sig spamming about something that clearly you don't much about overall, tech-wise. Thanks. See ya in ten years.

It's really delightful to read the same stupid comments and FUD about monero as in 2012 and 2013 about bitcoin...

love it

Any hints? Please tell us, i never hear it. And no proofs, or are they all imagined? lol.