Topic: Ethereum is great, but not money, which is why Poloniex has an XMR market. - page 3. (Read 2475 times)

Don't forget Kobocoin (KOBO)
 

Does Monero have proper working mobile wallets?

I bought 100 ETH in early january.. man, that's GREAT !!

I truly believe that Ethereum, Monero and Bitcoin will be the three currencies with huge impact in future. I believe because they don't have only the size of this forum or the exclusive programming community... Litecoin will always be the silver of Bitcoin (even if it's price is less than the ETH or some other, I really like, it's my opinion).

Ethereum and Monero has both a tremedous universe to explore, like Bitcoin, it's just in the beginning.

Wow, this world is going crazy. I really need to move to Canada soon. OMG.

 

In his world, all poker would be played with cards turned face up.  
  
All lovers would be able to ask each other what they were thinking about and get a brutal 100% honest answer at all times.  
  
There would be no such thing as classified information, and businesses would not be allowed to have secrets from each other.  
  
As well, any person's bank account and hard drive would be publicly browsable by anyone at any time.  
  
Basically, this is not the real world.

Wow. That's one depressing perspective.

Glad though that you've found your own personal ignorantopia.

This very thread explains exactly why Monero is money, and Ethereum is not.  This kind of bickering about public account activity seems absurd in a post-Monero world. 
 
https://np.reddit.com/r/ethtrader/comments/48nylu/the_accumulator_is_kraken_bought_for_liquidity/

Privacy as their main feature and focus just tell me exactly what they are all about. "Privacy" is what gave Bitcoin such a bad image in the first place. I need people and companies to not be some anonymous scammers thank you very much.

You don't say?

Monero is an open source, pure POW currency that was fairly launched with no IPO or premine, based off of the peer reviewed and lauded Cryotonote protocol.  It is by far the largest such currency based on this protocol too. 
 
It achieves something never before thought possible in a digital money: true protocol level privacy.  It is one of the most amazing inventions in human history, and certainly not a scam.  In fact, it's essentially the true 'Bitcoin 2.0' the world has long been waiting for.  If you would prefer to elaborate, maybe we can discuss it further.  Otherwise you don't seem to have any justification for your dislike of Monero.

 
 
No thanks.

Lol, let's talk about that in the next months and you'll see if that joke of a scam coin is still alive. I don't even understand the XMR market or its purpose, I guess they are lazy to update it or have some investments in XMR which makes me wonder about the legitimacy of Poloniex altogether.

Same, god how I hate this joke of a coin and their fanboys, glad it will die with all the rest and only a few strong that will actually be used for something will survive.

The point of the topic is why Poloniex, the largest Ethereum exchange, features an XMR market pair and not an ETH one.  In time, you will see that XMR pair pick up more and more volume as people begin to realize its monetary features are superior to any other crypto.

I know Ethereum has a cult following, and this topic was intended to explain how we can both succeed wildly by focusing on our own specialities.

It was a decent read up until you mentioned Monero...

Actually, though it is smaller in size and goes unnoticed, Kobocoin is also suited as an out and out currency and already has a proper android wallet in it's arsenal. It is fast and optimized for mobile phone usage

https://bitcointalksearch.org/topic/kobo-kobocoin-an-african-peer-to-peer-paymentmicropayment-system-920290

First of all, let me congratulate everyone who bought Ethereum at $1 and have made roughly 8x your money in the past two months.  Amazing, and who knows what will happen next.  I did not, and officially am jealous of your mad gainz.  I was wrong about Ethereum the first time it crashed; I can't speak from a mathematical standpoint, even though I know a lot of accusations about future problems are flying, but it was undoubtedly a great purchase at a buck: good for you.  Who knows what programmable blockchains will do to our future, but I envision this is the next 'altcoin boom': a thousand DAPP coins all trying to repeat Ethereum's success. 
 
But this talk about it replacing Bitcoin as the standard unit of account is silly.  Ethereum is not money in its purest form, and the fact that it is programmable on a protocol layer introduces a lot of uncertainty as to whether or not we can continue to rely on its value.  When dealing with money, the value of a thing is inherently subjective and the very best money has no useful purpose in the real world... that's why it makes good money. 
 
In a world where we use water, bullets, or wood for money, the inherent usefulness of water or wood can affect the underlying value of the accounting unit.  This makes them excellent commodities, but they should not be relied upon to be a standard unit of account. 
 
Ethereum is just like this because it derives much of its value from its usefulness, and its speculated future usefulness.  More power to it; again, I am not here to debate the future usefulness of DAPPS and specifically the Ethereum implementation of them. 
 
But Ethereum will not be the last network and the true power of digital currency is not just in its programmability; it lies in its other qualities as well.  The world needs a solid digital money for the upcoming knowledge/AI/VR age that can be used purely as money with no inherent usefulness attached to it.  And that's where Monero comes in: it is money in its purest form - the best we have ever created. 
 
From what I can see, the internet of the future prizes Ethereum highly, sure: but it denominates it's value in XMR.  Both can succeed, because both do very different things.