Monero Economy - page 7. | Bitcointalksearch.org

dewdeded

legendary

Activity: 1232

Merit: 1011

Monero Evangelist

Quote from: drawingthesun on August 02, 2014, 08:01:55 PM

I believe you are all wrong to expect crypto currency to have the same adoption curve as technology.

And why do you believe this?

Don't compare/use a standard technology/innovation adoption curve.
Crypto-Currency is no standard incremental innovation, like a new webservice getting traction, based on known technology and some improvements change.

Crypto-Currency is an breakthrough innovation ("basic innovation") and should be compared to the diffusion model/curve of other highly disruptive technogly, based on experience in the past.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Hey, can somone here, perhaps AnonyMint, compare the adoption cycle of the tech stuff you've been talking about (Facebook, VCR,etc...) to cults and religon?

I believe you are all wrong to expect crypto currency to have the same adoption curve as technology.

But imagine bitcoin more like a growing cult or religion, now look at the adoption curves of Christianity, Islam, Scientology, etc...

I think if you've calcuted bitcoins adoption curve based on things like the VCR and Microwave you're going to end up being proved very very wrong over the next 20 years.

Or I'll be proven very very wrong.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: rpietila on July 23, 2014, 02:00:11 PM

Quote from: AnonyMint on July 23, 2014, 06:19:50 AM

Facebook is well past 50% adoption already. Given it is as popular as the VCR, it may already be past 80% adoption and on the rapidly declining end of its S growth curve.

Isn't FB's active usage actually in the decline already? Remember reading a post concering the matter..

http://arxiv.org/abs/1401.4208

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: binaryFate on August 02, 2014, 03:16:02 PM

Quote from: rpietila on August 02, 2014, 03:13:56 PM

Quote from: JohnyMonero on August 02, 2014, 09:58:31 AM

Quote from: rpietila on July 31, 2014, 12:45:12 PM

I don't know, but possibly the values would be like:

Adoption = 100,000
Average = 2,300.

The values will be a way bigger. Trust me.

Ok.

You understand that Adoption * Average equals market cap. And LTC market cap is in a downtrend, meaning that the values are currently not getting bigger but smaller.

Pretty sure the guy was talking about future Monero numbers...

Oh lol, the current numbers are like:

Adoption = 8,000
Average = 800.

So much less than those of LTC. I agree that we are going up

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

Quote from: rpietila on August 02, 2014, 03:13:56 PM

Quote from: JohnyMonero on August 02, 2014, 09:58:31 AM

Quote from: rpietila on July 31, 2014, 12:45:12 PM

I don't know, but possibly the values would be like:

Adoption = 100,000
Average = 2,300.

The values will be a way bigger. Trust me.

Ok.

You understand that Adoption * Average equals market cap. And LTC market cap is in a downtrend, meaning that the values are currently not getting bigger but smaller.

Pretty sure the guy was talking about future Monero numbers...

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: JohnyMonero on August 02, 2014, 09:58:31 AM

Quote from: rpietila on July 31, 2014, 12:45:12 PM

I don't know, but possibly the values would be like:

Adoption = 100,000
Average = 2,300.

The values will be a way bigger. Trust me.

Ok.

You understand that Adoption * Average equals market cap. And LTC market cap is in a downtrend, meaning that the values are currently not getting bigger but smaller.

mineshaft

newbie

Activity: 12

Merit: 0

Monero ecenomy is the best economy in the world!!!

JohnyMonero

newbie

Activity: 13

Merit: 0

Quote from: rpietila on July 31, 2014, 12:45:12 PM

I don't know, but possibly the values would be like:

Adoption = 100,000
Average = 2,300.

The values will be a way bigger. Trust me.

rpietila

donator

Activity: 1722

Merit: 1036

I don't know, but possibly the values would be like:

Adoption = 100,000
Average = 2,300.

Melbustus

legendary

Activity: 1722

Merit: 1004

Quote from: rpietila on July 31, 2014, 12:34:58 PM

Quote from: superresistant on July 31, 2014, 09:30:43 AM

Quote from: rottentomatoes on July 29, 2014, 04:54:03 PM

Are we going to see 0.01 this year?

Possible but according to the emission curve, it is a bit early for 0.01 and above.

According to the equation:

Price = Adoption * Average : Coincount

With Adoption=50,000, Average=$1,000, Coincount = 5.5 million,

the price would be $9 == 0.015 given that Bitcoin does not go up

If it does, it will probably increase Adoption, but not necessarily enough to offset the BTC/USD increase.

What's Litecoin's current adoption?

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: superresistant on July 31, 2014, 09:30:43 AM

Quote from: rottentomatoes on July 29, 2014, 04:54:03 PM

Are we going to see 0.01 this year?

Possible but according to the emission curve, it is a bit early for 0.01 and above.

According to the equation:

Price = Adoption * Average : Coincount

With Adoption=50,000, Average=$1,000, Coincount = 5.5 million,

the price would be $9 == 0.015 given that Bitcoin does not go up

If it does, it will probably increase Adoption, but not necessarily enough to offset the BTC/USD increase.

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: rottentomatoes on July 29, 2014, 04:54:03 PM

Are we going to see 0.01 this year?

Possible but according to the emission curve, it is a bit early for 0.01 and above.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: rottentomatoes on July 29, 2014, 05:13:20 PM

Quote from: Skinnkavaj on July 29, 2014, 05:03:11 PM

Quote from: rottentomatoes on July 29, 2014, 04:54:03 PM

Are we going to see 0.01 this year?

0.03 this year for sure.

Nice, I hope we overtake DRK.

This result appears more certain with each passing day. It could happen tomorrow, for that matter.

rottentomatoes

newbie

Activity: 14

Merit: 0

Quote from: Skinnkavaj on July 29, 2014, 05:03:11 PM

Quote from: rottentomatoes on July 29, 2014, 04:54:03 PM

Are we going to see 0.01 this year?

0.03 this year for sure.

Nice, I hope we overtake DRK.

Skinnkavaj

sr. member

Activity: 469

Merit: 250

English Motherfucker do you speak it ?

Quote from: rottentomatoes on July 29, 2014, 04:54:03 PM

Are we going to see 0.01 this year?

0.03 this year for sure.

rottentomatoes

newbie

Activity: 14

Merit: 0

Are we going to see 0.01 this year?

Crypto_123

newbie

Activity: 38

Merit: 0

Hey guys,

apparently Genesis-Mining.com will add Monero to their mining engine. There is a public poll ongoing about this question ( https://apps.facebook.com/my-polls/coinpoll ). I like Monero so if you guys would engage at this poll as well this would be awesome.

Cheers

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Have to cross post this, at least a part of it. Things are looking good fellas.

Quote from: Skinnkavaj on July 28, 2014, 09:04:02 AM

rpietila what I find very interesting about Monero is how much Bitcoin developers really like the CryptoNote concept. Take for example gmaxwell, PeterTodd, wumpus, nanotube etc.
Every name I mentioned have spoken well about XMR and currently three of the names are active in #Monero-dev.
wumpus is the leader of Bitcoin development team, he took over after Gavin and to my suprise I find him in the Monero dev channel.
I find this very interesting, because all of the guys here are really good cryptographers and have been the core bitcoin developers for years.

To see if the names here also particpate in other altcoin channels on freenode, I checked #darkcoin-dev, #darkcoin, #ethereum and #bytecoin and I could not find any of them has such a huge backing by good developers as Monero have.
For me as an investor, this give Monero huge credibility.

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: equipoise on July 28, 2014, 09:12:57 AM

Quote from: Brad_BCK on July 28, 2014, 08:54:25 AM

Quote from: nioc on July 25, 2014, 12:48:06 AM

I bought a cheap computer 3 months ago and it is not AES-NI. It was good for everything I needed. This was before I discovered Monero. It can and does run Monero.

Which CPU it uses? Maybe I'm mistaken, but I do not know any CPU's without AES-NI.

Most of the core i3 (up to 3rd gen) and i5 (up to 2nd gen) don't have AES-NI. Most of the processors sold before 2010-2012 don't have it and even now there are processors (produced 2014) without AES-NI.

Inel pentium G3220. It was launched Q3 2013 after being updated to include integrated graphics and is 64 bit, 22nm It can run 10°C hotter than the i series enabling me to mine using both cores to get an amazing 34 H/s Grin

equipoise

hero member

Activity: 794

Merit: 1000

Monero (XMR) - secure, private, untraceable

Quote from: Brad_BCK on July 28, 2014, 08:54:25 AM

Quote from: nioc on July 25, 2014, 12:48:06 AM

I bought a cheap computer 3 months ago and it is not AES-NI. It was good for everything I needed. This was before I discovered Monero. It can and does run Monero.

Which CPU it uses? Maybe I'm mistaken, but I do not know any CPU's without AES-NI.

Most of the core i3 (up to 3rd gen) and i5 (up to 2nd gen) don't have AES-NI. Most of the processors sold before 2010-2012 don't have it and even now there are processors (produced 2014) without AES-NI.

Topic: Monero Economy - page 7. (Read 43688 times)