Topic: DASH & MONERO (Read 796 times)

XMR emission is essentially a 4 year instamine period. So there is lots of downward pressure on the price.. from botnets dumping at any price and GPU farms paying for power.

Will XMR holders be rewarded after this 4 year instamine period? Time will tell..... 

I'll play...

I'm not going to say there isn't profit to be made in Monero because I think there is some room for more adoption in the future, but I don't think its potential is as big as the believers think it is. The general public could care less about privacy. We live in a generation where it is the norm for people to tweet/facebook/instagram/vine/etc every time they blink, and these are the same people that are going to care about anonymous financial privacy versus pseudonymous financial privacy???

It also stinks of a pump and dump, which is unfortunate considering it has good tech behind it. A lot of the Bitcointalk "old timers" seem to have bought into it relatively around the same time and use their "reputation" to constantly pump it via many threads (and useless posts in said threads) in this sub forum. Imagine the cluster-fuck the forums would be if all alternative cryptocurrency communities created and/or bumped as many threads in this sub forum as often they do.

Also, they all magically ended up endorsing the same fork of Bytecoin. There are other fairly released CryptoNote coins, some with more features and an official GUI, yet it is Monero that they have picked to be the "chosen" one because who knows why.

I have theory that some of these same people had an optimized GPU miner at Monero's launch and had a huge advantage during the first month of mining. To be fair, I share these same concerns with all coins that had optimized GPU mining clients released shortly after an initial launch where only CPU/inefficient GPU mining clients were available to the masses. Maybe I am paranoid.

There is no official GUI, because apparently the masses care more about privacy than ease of use.

Then there is the emission curve, for which newcomers to the cryptocurrency community will be harping on in the years to come. It isn't as bad as an instamine, but it effectively will look the same as an instamine to newcomers in 7 years when inflation drops to <1%.

I won't talk about why Dash is doomed because its flaws are quite obvious and it's only a matter of time until that bubble bursts.

The money is going into ETH and BTC 

Please excuse me... is the needle in the haystack you found the realization that both coins are going down?

This seems extremely arrogant... we're not your playthings to do your biddings Mr. Goy

I did switch positions.  
  
I sold the bitcoins I bought last week (thanks for the pump China) for more XMR today.  
  
As for my holdings?  They go down (hopefully up) with the ship.  I don't buy things I don't believe in, and I'll spend my XMR when I can buy actual goods and services for them in a functioning economy.  Monero has a bright future ahead of it.

Well for me is good that BTC is still rising and is now 300$ something. So i am happy.

I didn't say that it was.

Sure. It also means that short term price changes don't mean jack with regard to 'bagholding'. I'm not even sure if we'll know if many altcoin holders are bagholders in 2016 or not...

Wrong argument.  Bitcoin is not XMR/DASH, and that doesn't mean that BTC went to the moon, so will other altcoins.

Until either Bitcoin adopts strong privacy features or end users decide they don't care about privacy. Remember BTC prices during 2011? I'm sure plenty of people sold at $2 after buying in on the run up to $30.

True.  That's because Dash and Monero are not going up in USD price to keep up.  Naturally they will both go down in BTC price as BTC is still rising.

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