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Topic: delete (Read 2047 times)

sr. member
Activity: 448
Merit: 252
September 19, 2014, 04:55:51 AM
#10
@OP you're a fucking moron, XMR is not unsafe, there's not even an exploit

You've got punked/trolled hard by BCX...
sr. member
Activity: 490
Merit: 266
September 19, 2014, 04:54:32 AM
#9
Yeah, roll the fuckin dice, don't be like Scotland
sr. member
Activity: 462
Merit: 250
September 19, 2014, 02:36:20 AM
#8
XMR is alpha level software, Bitcoin is beta software.

Cryptcurrency is still very new. There will be problems. It will take many years to perfect. We need to understand that before we invest.
legendary
Activity: 2968
Merit: 1198
September 18, 2014, 11:26:33 PM
#7
You can pretty much apply that line of thought to everything on this forum. Kudos to the XMR team for being real about it. Hopefully any action BCX takes only helps things in the long run.

The point is xmr dev is basically admitting that xmr is pourous, but yet some are trying to pump it and use it as an investment. rpietila has worked tirelessly to do exactly that. Doesn't his undermine confidence in the coin? Why would any business or exchange add this in light of this?

I have described it elsewhere as a speculative asset that might, someday, turn into a useful anonymous cryptocurrency.

If you buy it you are making a bet on whether or not that happens. Simple as that. You don't buy XMR because you want to use it to buy a pack of gum at your local convenience store. It's 100% speculative. Decide how you want to bet, and bet, or don't bet.

sr. member
Activity: 364
Merit: 250
September 18, 2014, 10:26:18 PM
#6

and you should not invest more than you can afford to lose in any crypto currency, its really that easy.

What is there not to understand?


Absolutely, positively this.  Crypto is new, largely untested for most use cases, and largely unregulated, in sharp contrast to most traded assets. 

With any altcoin, you've likely got some exchange risk (Mt. Gox, BTer NXT hack, etc...), some tech/infrastructure risk, some risk involved with the devs, you've got risk of bitcoin price collapse, as most often they are priced in terms of bitcoin, you've even got some user risk involved (did you lose your keys?  Screw up some 2FA? Forget your payment ID?).  Alts are pretty much ALL in development. 

If you don't think it's completely possible that your investment goes to zero, you honestly haven't paid any attention.  But risk and reward are highly correlated.  You can keep your money in your mattress, or in gold bars, or in your friendly local stock market.  You pretty much know what that will get you from a return perspective, and I'd argue that inflation (due to central bank money printing) is a lurking hidden thief. 

Personally, I believe that crypto has a good chance of breaking new ground over the next decade or so.  My investment horizon is long term.  I'm willing to devote a part of my investment portfolio to it.  It's pure risk capital, folks, and if you think it isn't, you better think again.

When I'm making decisions with that risk capital, there is a lot to like about XMR.  I'm not going to belabor the point(s) yet again because I think they've been made many times.  But I have bought it consistently over the last 90 days and I bought some more today.  I think it's unfortunate that there has been so much division in cryptoworld regarding Monero, but in my observation, none of that is related to anything the dev team has done.  It's external factors. 

XMR will have to continue to develop and show use cases as it matures.  IF it does, I strongly suspect the return will far exceed traditional investments over the next 5-10 years...and likely will also exceed bitcoin gains moving forward. 

Nietzsche pointed it out--that which does not kill you makes you stronger.
member
Activity: 84
Merit: 10
September 18, 2014, 09:36:05 PM
#5
You're quite the piece of shit aren't you OP.

Why would you decide to take posts from an already very well read thread just to start yet another Monero thread.

Anyone that is interested in Monero will have read the thread you quoted from. Quit with the smear campaign already.
hero member
Activity: 532
Merit: 500
September 18, 2014, 08:52:51 PM
#4
XMR is alpha level software, Bitcoin is beta software.

and you should not invest more than you can afford to lose in any crypto currency, its really that easy.

What is there not to understand?

What do you want from us? Did u ever read our missives? We are totally transparent on what needs to be done and what is done and what the future plans are - do you want us to lie at you?
Are you so used from other coins to be lied at that you don´t get a honest response that a software is still in its early stages?

Who is pumping it? Risto? He just bought some and likes it, whats your problem with that? Bitcoinbullbear also reports about it besides LTC and BTC only, so what?


So you are basically saying that honest team that doesn´t lie to its user is a problem? Fuck dude whats wrong in your narrow minded little world.
legendary
Activity: 1232
Merit: 1000
September 18, 2014, 08:34:02 PM
#3
You can pretty much apply that line of thought to everything on this forum. Kudos to the XMR team for being real about it. Hopefully any action BCX takes only helps things in the long run.
hero member
Activity: 532
Merit: 500
September 18, 2014, 08:29:10 PM
#2
First you write this about Monero

Quote
I guess they do not realize that they are really turning off 90% of the community with their bs.

And now you tell us you have invested in Monero? good joke.


And yes, what smooth said is, everyone who invests more then he can afford to lose in a cryptocurrency is an...
And i agree, and that also goes for Bitcoin.

And those exploits he has never proven, yeah...

I am an Alien, did you know that? sorry but i can´t proof it, you have to believe it just so.
newbie
Activity: 58
Merit: 0
September 18, 2014, 08:21:57 PM
#1
delete
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