Topic: Why Monero&Bitcoin,NXT & co will fail and NEM will overtake (Read 2204 times)

I said please post your great idea?

Digital proof-of-money ownership protocol backed up by decentralised gold-based micro-transactions on a cloud-based peer-to-peer networked Atari.

LOL u seem to suggest that many people r buying monero.  its all hyped up by 10 accounts or so maximum.

u'd be a complete dork if u invest in this utter shite crap

monero nem whatever dude its all the same shitcoin attempt to enrich a few noobs

~CfA~

Digital proof-of-money ownership protocol backed up by decentralised gold-based micro-transactions on a cloud-based peer-to-peer networked Atari.

Please post your great idea.

I've got this idea for a cryptocurrency. It's only an idea, of course, but it's going to overtake Bitcoin.

I find it pathetic to compare something *existing* to vaporware; reminds me of Duke Nukem Forever.

Yes, Monero is trying to duplicate the Bitcoin Cult on a shoestring...
Without even one full-time Dev... and competing against 500 coins.
...
(6)  No one needs a proper GUI wallet...
Or needs proper confirmation that money was actually transferred...
Or cares if money disappears into cyberspace.

In CN you make a new ring sig, using the same key image but different (random) data, thats only possible if you own the private key.
Then you can disclose the random number used to create the one time address.
Everone can check that the one time address i send money to can be created using the pubkey and intermediate random number.
Ideally you pack this into a payment protocol outside of the blockchain.
And for Donationaddresses/Charities who need a transparency they can simply publish their viewkey.
That the tooling currently doesn´t exist doesn´t mean it wont be implemented.

To my eyes, that makes Monero intriguing. Why did Bitcoin rise so much in four years? A lot of it had to do with tireless and enthusiastic evangelizing from Bitcoin early adopters.

To shift back to Monero: regardless of how many of them are "paid shills," if any; regardless of the fact that they obviously have a pecuniary motive for promoting Monero, as I'm sure they all own a lot - their tirelessness and enthusiasm is reminiscent of the "paid shills" for Bitcoin back in its early days.

You, sir, are obviously not impressed with Cryptonote technology. That's really the focal point of whether or not to jump in. Is Monero's implementation of Cryptonote tech - is Cryptonote tech itself - enough of a crypto game changer to make all that indefatigable evangelism pay off big in the longer term? The question don't answer itself.

From what little I know, Cryptonote's signature use case is very different from gen-2 crypto like your NEM. Sure, we can think like bookkeepers and say that one BTC that buys Monero is one BTC that will not go into (say) NEM...but the funny thing about evangelists is that they become good at bringing outside money into the crypto sphere, thus breaking the zero-sum model.

If you're ticked off by what I wrote above, please stop and consider that I'm outlining the thought process of an interested speculator. Any speculator looking over NEM will probably think along the same lines with respect to NEMmer evangelization.   

Monero is just another $hitcoin bringing nothing new to the table, only difference is cryptonote.

Think about it.  The more recent housing bubble of 2008 was $10 trillion...

NEM will overtake Monero and Bitcoin who're failing right now.

Bitcoin is still the numero uno at this point but not for long as new better technology is popping up.  Monero is not one of them though.  It is marketed by a spectacular amount of paid shill accounts who claim that it's greater and more innovative then Bitcoin.  Sure, if you're smart, you know this is baseless bullshit marketing. Monero is just another $hitcoin bringing nothing new to the table, only difference is cryptonote.


Think about it.  The more recent housing bubble of 2008 was $10 trillion. Worldwide there's $97 trillion investments, of which $2 trillion is gold. There's also $400 trillion in derivatives.  Crypto currencies at $10 billion is almost nothing - dropbox is worth more than Bitcoin and yet I don't see governments around the world trying to ban dropbox or write laws on it. The governments already realize the potential in crypto currencies but it's an education issue we are facing. The merchants could really speed up things if they offered 1% to 2% discounts to people who pay in crypto currencies.

Bitcoin is 5 years old and has a hard time keeping up with the requirements of the financial world.  NEM on the other hand learned from Bitcoin's disadvantages and was specifically designed for the new economy.  Other similar projects, namely BiTshares, Mastercoin, NxT or can't keep up with NEM as these projects were evidently designed to simply enrich its owners overnight, whereas NEM is a true egalitarian movement designed to create a new fair economy, embracing equality and distribution.  There is nothing alike NEM and I find it hard to believe there will.  NEM is here to revolutionize our financial world and on the way to Numero Uno in the crypto space.

NEM will overtake Monero and Bitcoin who're failing right now.

Bitcoin is still the numero uno at this point but not for long as new better technology is popping up.  Monero is not one of them though.  It is marketed by a spectacular amount of paid shill accounts who claim that it's greater and more innovative then Bitcoin.  Sure, if you're smart, you know this is baseless bullshit marketing. Monero is just another $hitcoin bringing nothing new to the table, only difference is cryptonote.


Think about it.  The more recent housing bubble of 2008 was $10 trillion. Worldwide there's $97 trillion investments, of which $2 trillion is gold. There's also $400 trillion in derivatives.  Crypto currencies at $10 billion is almost nothing - dropbox is worth more than Bitcoin and yet I don't see governments around the world trying to ban dropbox or write laws on it. The governments already realize the potential in crypto currencies but it's an education issue we are facing. The merchants could really speed up things if they offered 1% to 2% discounts to people who pay in crypto currencies.

Bitcoin is 5 years old and has a hard time keeping up with the requirements of the financial world.  NEM on the other hand learned from Bitcoin's disadvantages and was specifically designed for the new economy.  Other similar projects, namely BiTshares, Mastercoin, NxT or can't keep up with NEM as these projects were evidently designed to simply enrich its owners overnight, whereas NEM is a true egalitarian movement designed to create a new fair economy, embracing equality and distribution.  There is nothing alike NEM and I find it hard to believe there will.  NEM is here to revolutionize our financial world and on the way to Numero Uno in the crypto space.

Can you explain why is NEM much better than NXT or Monero Do you have a list of features found only on NEM ??

NEM will overtake Monero and Bitcoin who're failing right now.

Bitcoin is still the numero uno at this point but not for long as new better technology is popping up.  Monero is not one of them though.  It is marketed by a spectacular amount of paid shill accounts who claim that it's greater and more innovative then Bitcoin.  Sure, if you're smart, you know this is baseless bullshit marketing. Monero is just another $hitcoin bringing nothing new to the table, only difference is cryptonote.


Think about it.  The more recent housing bubble of 2008 was $10 trillion. Worldwide there's $97 trillion investments, of which $2 trillion is gold. There's also $400 trillion in derivatives.  Crypto currencies at $10 billion is almost nothing - dropbox is worth more than Bitcoin and yet I don't see governments around the world trying to ban dropbox or write laws on it. The governments already realize the potential in crypto currencies but it's an education issue we are facing. The merchants could really speed up things if they offered 1% to 2% discounts to people who pay in crypto currencies.

Bitcoin is 5 years old and has a hard time keeping up with the requirements of the financial world.  NEM on the other hand learned from Bitcoin's disadvantages and was specifically designed for the new economy.  Other similar projects, namely BiTshares, Mastercoin, NxT or can't keep up with NEM as these projects were evidently designed to simply enrich its owners overnight, whereas NEM is a true egalitarian movement designed to create a new fair economy, embracing equality and distribution.  There is nothing alike NEM and I find it hard to believe there will.  NEM is here to revolutionize our financial world and on the way to Numero Uno in the crypto space.