Topic: what are factors behind the success of Monero (Read 2019 times)

fake pump that stick/persistent

I have no problem with exchanges freezing BigVern's millions.
Or.. complying with Anti-Money Laundering laws.

As others have said, it's truly anonymous, it's not a fork of Bitcoin, fully open source, didn't require a trusted setup, is fully decentralized, and it's truly fungible. Most coins are not fungible. This is important because if a coin is not fungible, such as Bitcoin (Andreas Antonopoulos, a former BTC Core Dev, has talked about this. There's a link to it in the Bitcoin Mixer section of https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php), then coins can be marked and/or blacklisted. If you have coins that a government deems to be used in illegal activities, even if you had nothing to do with the activities, they can put pressure on the exchanges not to accept your coins. This has already happened in some instances. Now those coins are worth less than others. They're not fungible. That can't happen with Monero.

Plus, all transactions are private by default. There is no rich list...it's not possible with Monero. You don't want people knowing how much money you have even if you have nothing to do with drugs. An example used by Gingeropolis is that if you pay your rent in BTC, it's possible that the landlord could determine how much money you make and/or have. They could charge you more as a result. Or if people knew how much money you have, it could make you a target for theft, extortion, etc. If they knew how little you have, that opens the door for other potential problems as well. Most people wouldn't post their paystub or credit card statement online, but that's what happens when you use a transparent blockchain. While this is good for businesses, it's terrible for people. It's not difficult to analyze the blockchain to get a good idea of your spending habits and/or salary if paid in BTC. There are steps you can take to mitigate these risks, but it's not a possible risk with Monero.

There was a price spike when a few of the darknet markets started accepting Monero. This did not make Monero the real deal. Rather, it was recognition that Monero is the real deal when it comes to privacy and fungibility.

For me, it comes down to this: I don't believe others should know how much or how little I have, or where I spend money. With all of the hyper surveillance in almost every aspect of our lives, I want privacy.

Innovative

Anon focus. 
Solid and innovative tech. 
Not a bitcoin fork. 
No marketing hype campaigns, premine or ICO.

I'd say invest in Monero if you actually believe it has a realistic chance at world wide major mass adoption with the public.

Isn't that what this is about ?

I would not invest because i thought XYZ coin would be popular with the crypto nerd scene traders.
They are idiots and i don't care what they think.
The majority as an object is a fucking moron !

It's crucial to look past the isolated little Crypto-walled garden bubble world we all live in.
I keep saying for years our opinions don't matter.
The rest of the world does !

So no i would not base investment decisions on whether crypto nerd pundits think an Altcoin will "one day" be big.

I couldn't care less what you all invest in or coins you buy.
I only ever hoped you would do it with some less risky and productive methodology.
Which goes beyond your own wallet but thinking of crypto in general.
For example investing in a worthless crap coin will devalue the scene in general and legit coins.
I urge users to support something sincerely because i think it is in THEIR best interest and all of ours.

AKA: Support the cause because *YOU* believe in it.

For me the trader that has low capital and daily trader,
i agree with you this is not the best time to put lots of money into monero.
Will be different for the trader that has large capital and long term strategy,
maybe they think it is time to making Investment in monero because of monero's price expensive.

Actually, much of the currency's success is due to the innovations present in it, developers have done a good job in developing an alternative currency that significantly improves fungibility. Anyway, I don't think this is the best time to put lots of money into it. The currency has the potential to increase in value, but it is necessary to develop an ecosystem around it.

First of all Monero has a solution for anonymous transactions that is popular. On top of that it had many supporters that have pushed it strongly, as well as a few larger investors. Its price rise from about 0.001 BTC to 0.022+ in 2016 has been pretty spectacular!

It is better to be though the fool than to open your mouth and remove all doubt.



Did you stop reading after the first point or are your reading comprehension skills that poor?

Please explain to me how all coins are Private by Default. As well as Decentralize & Trustless. Or do you just not comprehend the meaning of those points?



Please point out the other coins with that market cap that raise in price when BTC rises.

If monero be called successful because of monero's price was becomed expensive than before
I think it is because of many traders and investors who put their money on monero
and it is still speculation they made investment into monero with large of money,
i don't think that it is because of the developers of monero make new innovations.

Criminal activity and the tech behind it sounds like a good investment opportunity to you ? 
Did you know that crypto coins are not regulated ?

Mmmm hmmm sounds like a great "Investment" 

I think the new tech employed in Monero distinguish it from other Altcoin (ring signature), this makes it more difficult to trace unlike BTC, I think what gives it this value is the adoption by the Dark market, this was when the price started rising until it hit $15.

So the tech and adoption by Dark market are the two for me

Community ?

A king in his castle with a pink Bentley was the sugar daddy..
He backed the coin and poured money into it paying the dev's.
Had he not been there giving money to dev's and fueling the market and i suspect manipulating it
..the coin would have never gotten to where it is now.

You all love to play dumb about that simple fact.

Had risto / reptiela chose a different coin.. THAT one would be the one we are talking about.

Community ?
Yeah exactly of greedy profiteers hoping the rich guy make THEM rich !

Imagine if i had pit of money and i was throwing it around.. think i'd make some friends ?

- Smashing Pumpkins Coin .

Monero was initially Poloniex pocket coin. This is evidenced by a separate market for the exchange with other coins. Developments were his pace and valid worth something. But the main reason for this is anonymity and Poloniex dev team have a large number of coins (this fee from trading and purchase long for a small price)

ethereum is a new and a bad coin you shouldn't even put it in the same list with these coins. let it be around for a couple of years at least and then.

but the main reason for monero's success in my opinion is the privacy and anonymity features that it is offering, it was explained rather decent in a couple of comments above.

also it has been around for a long time, it has been developed by a good developing team, and also it has some adoption which mean you can actually use it as currency and that is a big edge in my opinion.


company an business?!!
these are cryptocurrencies and they don't need companies and anything centralized to become successful. only people (peers) to be using them P2P and it is happening but mostly in darknet.

The news of Alphabay accepted Moneri as currency, therefore big whales hyped this news, and made the price from 0.001 BTC to 0.027 highest, the insanity is very memorable. It followed ETH&ETC pump there.

I think in the below posts you will find that what I want to know and what is the success for me about any coin. I believe that everyone will believe on the success which in the below posts is mentioned.

Its community. It is composed of many powerful members, regularly putting back Monero on the table, discussing it. There is no community such as Monero's one. And about the powerful members, it is even rumored that theymos would be a Monero enthusiast, but I doubt about it.

That is what I am searching for . I believe that the success come when services start with a coin. I do not believe on just trade for a coin.

I do not deny your argument because I also do not say the successful to those coins which only have traders to support. But for me only those coins are successful and long lived which have a good marketplace.

I believe that those coins which only have traders to support do not live forever but for a few years.