Topic: rpietila Altcoin Observer - page 58. (Read 387552 times)

the whole fuckin cryptoscene is in the bearished mode since at least 12 months - a look at the speculation subforum is reading like capitulation


regarding xmrs price what really interests me is at which point we find a new low. I have a feeling but let us see

That's funny.  I thought I was being nice and you were being mean.

Litecoin prices are still well constrained by the bubble collapse resistance trendline. This is the one-week resolution chart from BTC-e vs the dollar. If the price pattern over the last four weeks is a damped oscillation, then prices should converge near the present level of $4.7. At that level, prices reach the trendline again in the second week of October.

It is possible that there will indeed be a govmoney, which is used to buy things that government produces extracts from the economy, such as taxes, sickness industry, public brainwash (sorry the official names are healthcare and education, but they are so far from the actual meaning in a full 1984esque style that I just cannot restrict myself... ).

Then the free people want to use their free money to store their savings and transact between them. Monero is such a money. If it never grows bigger, it can still function between the limited number of users, who are not in it for getting rich anyway.

Bitcoin is in-between.

I have always thought that it is a "failure" for crypto to fail to become the money of the governed public. But as for me, I take a small free currency over a huge controlled one any day.

This, plus questionable mathematics and the israeli government involvement and accumulator issues makes Zerocash a no go.

I myself, do not want full secrecy in the sense that no one, even myself, can see my transaction history when it comes to transmitting money. Have you not seen the bombings that threaten cities worldwide? From the boston bombing that claimed a few lives, to ISIS taking over bases in the middle east?

Full secrecy would allow child molesters, terrorist organizations, violent racial groups, gangs, corrupt governments(north korea), etc to grow even more without anyone being able to take them down, especially when it comes to transmitting money..

That's why I do not support Zerocash. WIth Ring Signatures you can have full anonymity and still be Legal(so you're transaction history is still known by you incase of anything), while zerocash doesnt have such things.

Where can I read the resumes of the Monero developers? I see only 37 year old Frenchman David Latapie's Linkedin, which frankly isn't that impressive for a client programs programmer (at least not what I can see without logging in). Appears he is more of a business development or corporate/enterprise processes guy.

As for my marketing genius, see my CoolPage button blinking all over the past two pages of these threads (16 years after it was launched)! I didn't pay a single centavo to have my banner ad reposted by others. They did it spontaneously. (Quite embarrassing actually)

This is why it is insane for me to post here. Because I could waste all my time on the misunderstandings various flippant readers have, because they haven't read sufficiently. And you sir don't respect past performance (like most others here don't respect past performance).


Seems you failed to read a few posts:





Dogecoin did well because socialism is peaking, so "share the altruism" is a widespread value (goes hand-in-hand with the "open source", "save the whales and penguins and polar bears", etc) and it got more money into more spenders hands, thus increasing the velocity of money which thus increases the value of the coin (see V in the Quantity Theory of Money). Dogecoin fatal mistake was apparently the radically fast mining reward halving schedule.

Some where I wrote a post about Beanie Babies and Doggiecoin. Fads fade quickly. Currency should not.

---

Yup. And the bolded one is spot on. Any one designing a crypto-currency better understand who the target market is.

Degree of anonymity is subjective. Very few people want full secrecy (ie off-grid), because to have a functioning society, there has to be government (read: civil protection) at some level. It can be Federal, State, County, Parish or Local, but human society is made of connected individuals.

All those levels of govt. are interested (and not interested) in various degrees according to their remits.

I find it quite distressing to see people flailing around wildly like this. You offer far too vague a problem statement to take seriously at face value, any significant effort to respond would be futile because its substance would simply disappear into the definitional chasms running through your sketchy landscape.

Progress in this area is most unlikely to happen without a lot more informed effort being devoted to characterising the users. The most generous phrase I can find to describe the current effort is "hopelessly amateur". It's generous because the ineptitude is an obvious consequence of the influence of a technical community that openly prides itself on its ignorance of psychology, sociology, semiotics, marketing and other disciplines of the “soft sciences”. If you really can't articulate the details of the key factors underlying Dogecoin's undeniable appeal to users then you shouldn't aspire to hold an opinion on the subject.

If you think that's a bit brutal, I can offer this adapted quote: “You really have no business creating your own cryptocurrency if you don't understand marketing well enough to figure out how to achieve large-scale adoption without somebody else's help.”

A moment's reflection should inform you that each of the cited examples (celeb endorsement, corporate adoption or government takeover) is merely a proxy for “just about anyone with a well-resourced and effective marketing function” (which, you may be astounded to learn, does not equate to “advertising”).

Cheers

Graham

And, especially, how is it related to the topic of the thread? 

I was too late. Our HTML editor few years later was not successful.

As you remember there are view keys designed to reveal transactions when needed. So the problem of alleged requirements to reveal private keys can be exaggerated.

One way to make something popular is to offer something that people ogle and get jealous if others have it and they don't.

Humans hate to miss the party. Humans are social. This is the game of life.

I suspect the reason my CoolPage reached 300,000 to a million users in the first 3 years (multiply by 10 in today's internet), was because people visiting the websites created with it, saw the little sky blue background with golden font advertising button that was on every page that used the free version. At the time (1998 to 2001), possessing a custom designed webpage on Yahoo Geocities was a status symbol of being really cool and hip with the new technologies. And we offered them "drag + drop creation and one click publishing". Later 100s of editors followed suit but we were (ahem "I" the one-man company was) one of the first to offer that in 1998 in an ad-button supported freeware download. And I put a lot of effort into making the GUI really user friendly and even added point-and-click DHTML programming GUI. Technically CoolPage sucked. I was so embarrassed I stopped developing it. I made a lot of mistakes as I was younger and still gaining experience.



The filipino artist modeled the Cool Page surfer dude on me, lol. But I designed the blue button and the custom font for CoolPage.


Edit: I wrote upthread that anonymity could be unwound for ring signatures if authorities can require you to reveal your private keys (a.k.a. passwords), i.e. allow you to have privacy to the public but not to the government. Astute readers surely smugly ignored me thinking that if the authorities already know your identity in order to require your passwords, then you don't have anonymity. Well this unstated rebuttal falls apart on several levels. One as I said, you revealing your password lowers the anonymity set for those who didn't reveal. Secondly, you may wish to report for tax purposes some funds you bring from the non-reported anonymous world back into the mainstream fiat world, so then the authorities may require you reveal your passwords so they can verify the tax basis you claim for your capital gains. As you know the rulings for example in the USA is that mining is income and the tax basis for capital gains starts at the time of the coinbase transaction.

Ease of purchase online and in the real world.  No waiting 4 days for approval or whatever, no finger print scanning, dna verification, rectal examinations or selling souls to malevolent entities. 

That might work, depending on the government. Official approval by Tuvalu might not do much (though it arguably could).


These all come down to advertising really, unless the celebrity happened to take a personal interest and made it into a hit for whatever black swan sort of reason. But celebrities are so managed and used as promotional tools these days that almost everything they do seems to be some sort of product placement deal.

Have it stamped official by a government.

Have it backed by a major corporation. Like for instance any major fast food or coffee retailer.  Possibly an industry as a whole.

Get a celebrity or team of celebrities to not only endorse but actively promote.

In all of these options killer one click apps for phones and computers are a must.

Bitcon, Monero, and Cryptonite don't need to be perfect, they only need to offer a comparative advantage over fiat and the other altcoins; Gresham will do the rest.  I'm no utilitarian, but marginalism is an undeniably useful tool.

Let RP be smug, the guy is Lord of Monero Manor.  Being a Debbie Downer when he preens is unflattering, and makes you look like a player hater.

I don't get any such haughty vibes from his posts at all, but that's probably because I'd be a trillion times more insufferable given thousands of BTC and a castle.  Especially when holding court in the wine cellar's dining room/library...   

 Being this high...

Still hope you're right though!  

I ignored your first post, because it is embarrassing if personalizing the meritorious discussion.

Mea culpa on using the word "joke". My idealism is driving me too hard. Also I feel competitive when rpietila writes smugly that he thinks he found the perfect solutions already which was the catalyst for this recent set of posts from me after a hiatus.

Bitcoin is mature in age six but hasn't even reached the scale friendster attained in its first year or two.

I like "some" of AM's posts too.  That's why *I am* being nice to him.  My friendly banter provided a platform to discuss himself, a favorite activity, with relish.

aminorex was being mean, so I diffused the conflict with some humor.