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Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1063. (Read 4670673 times)

legendary
Activity: 1260
Merit: 1008

April 18 according to the first post in this thread.
This also was a late delivery because TFT wanted to publish on the 17th. I updated the History of Monero.

Ok April 18th it is.  I will double the small contribution I've made so far to Monero's development fund.

Please consider joining the party.



I'll join.
legendary
Activity: 1624
Merit: 1008

April 18 according to the first post in this thread.
This also was a late delivery because TFT wanted to publish on the 17th. I updated the History of Monero.

Ok April 18th it is.  I will double the small contribution I've made so far to Monero's development fund.

Please consider joining the party.

legendary
Activity: 1442
Merit: 1000
Antifragile
The best doesn't win and since market cap / price might be the big attractor (LTC excluded lol), we should be careful with Monero in not "hedging" our bets regarding getting the word out on podcasts and such.

The miniscule market caps of these altcoins mean nothing to the mass of potential outside adopters looking for something useful, which I have yet to see from any crypto, including Bitcoin.

Saying that Monero has to win tiny market cap battles in order to achieve wider adoption is like saying you have to be the most popular kid in high school in order be successful in the real world.

That may be true, but don't confuse a point I made for the wider argument. I don't think my nor anyones argument here should rest on a point or two, unless explicitly meant to.

The basis of my argument/point is to market Monero, not to raise the market cap to market it. How the marketing goes about is open to debate. I suggested podcast interviews, or even advertising spots (possibly), etc. I think brainstorming is more constructive than right or wrong perspectives here. Can't hurt...

Raising XMR's marketcap makes Monero more useful, which should in turn raise its marketcap more in a self-reinforcing process. It also has the side benefit of enriching Monero's largest holders, who are likely to use some of that money to fund Monero development and external projects. Thus, the best way to market Monero is to simply buy it. Absorb the emission. It's even better than talking about its merits, advertising it, or accepting it at your place of business. Realistically, XMR can surpass everything but LTC in the mid-term. This is the best marketing possible. You can't ignore #4 on CMC default view. That's when people start to talk about it and when its actual merits become debated by everyone in the wider crypto-community.

First, to your prior mention of thieves using DRK/XMR to wash coins in - Very good point. I was aware of that but that skipped me. With the daily volume on Poloniex, you would think XMR is a target, but not really sure. I guess LTC can even serve that function for a bit.

Regarding your quote above - again, I don't disagree with you, but why limit expression to just this? Totally agree, you get early adopters having lots of extra money then they do with XMR what BTC'ers did with theirs - reinvest and actualize the dream. But all the same, no reason to wait on that when we have lots of possibilities here. Not saying I know what is best, double again, just some brain storming.  Grin

Page 1111 !!!!
legendary
Activity: 2968
Merit: 1198
Raising XMR's marketcap makes Monero more useful, which should in turn raise its marketcap more in a self-reinforcing process. It also has the side benefit of enriching Monero's largest holders, who are likely to use some of that money to fund Monero development and external projects. Thus, the best way to market Monero is to simply buy it. Absorb the emission. It's even better than talking about its merits, advertising it, or accepting it at your place of business. Realistically, XMR can surpass everything but LTC in the mid-term. This is the best marketing possible. You can't ignore #4 on CMC default view. That's when people start to talk about it and when its actual merits become debated by everyone in the wider crypto-community.

I see the whole investors-vs-entrepreneurs as more of a chicken-and-egg debate, but even more than that, as a table with four legs (in no particular order):

1. Technology of the coin itself
2. Market cap/investors
3. Services/merchants
4. Transactional users

In my view all of these support all of the others and increasing any of them tends to increase the others. But at the same time, if one or especially two lags badly behind, the table will collapse.

In this model probably the best thing to support is whichever of these you feel is in the worst shape. That's subjective of course.


Which one do you personally believe to be in worst shape? IMO, you can hack services/merchants/transaction with xmr.to. Which is exactly what bitcoin did with all the giftcard/purse.io/brawker stuff. You can also hack tech issues like db/gui  with mymonero.com and 3rd party GUIs. This is, again, the case with bitcoin. 3rd party wallets and web wallets are far more popular than bitcoin's official software.
The only thing that you can't hack is liquidity.

Unfortunately I don't have good answer, we don't have good benchmark data, so it is really hard to say what the weightings should be, differences in scale, etc. It's more of a conceptual model than anything else.

If you look at the one good benchmark we have (BTC) these indeed have all grown together. LTC did #1 and #2 and basically nothing on #3 and #4 and ended up being down 95% in value, on its way to 99.9% imo (I think you disagree on this last point, fair enough).


Dogecoin has valiantly tried to do all four and no one can deny its powerful marketing, high tipping transaction volume, and diverse services like Dogeparty, yet it's down around 90%+, too. As is Monero. Bitcoin's down ~80% in value and transactions are at all time highs with new services/merchants coming online every day. I think the macro-environment (brutal crypto bear market) explains the fact that no coin is really having success right now.

Monero I'm not going to count as anything at this point, it is just too immature (though in some way that means I'm saying #1)

But as far as Bitcoin, it is clearly still growing and thriving in terms of 1, 3, and 4. It is suffering on 2 for sure. If you want to help bitcoin succeed today probably the best answer is to invest in it; the other legs are well supported.

DOGE has just failed on all four (possibly excluding #1 that they get for free). Yes they tried and made a bit of progress for a while, but that doesn't count. If you wanted to help DOGE today it would be really hard to pick a leg. (Same with LTC)

EDIT: Now that I think about it, LTC and DOGE probably failed most horribly on #1. Yes they had BTC's technology to clone, but that left them without any relevant technology it all. No there there, unless they were going to surpass, or at least approach, BTC on 2,3 and 4 (for a time it seemed DOGE actually had an unexpected long shot at this, but not now).

hero member
Activity: 798
Merit: 1000
21 million. I want them all.
Raising XMR's marketcap makes Monero more useful, which should in turn raise its marketcap more in a self-reinforcing process. It also has the side benefit of enriching Monero's largest holders, who are likely to use some of that money to fund Monero development and external projects. Thus, the best way to market Monero is to simply buy it. Absorb the emission. It's even better than talking about its merits, advertising it, or accepting it at your place of business. Realistically, XMR can surpass everything but LTC in the mid-term. This is the best marketing possible. You can't ignore #4 on CMC default view. That's when people start to talk about it and when its actual merits become debated by everyone in the wider crypto-community.

I see the whole investors-vs-entrepreneurs as more of a chicken-and-egg debate, but even more than that, as a table with four legs (in no particular order):

1. Technology of the coin itself
2. Market cap/investors
3. Services/merchants
4. Transactional users

In my view all of these support all of the others and increasing any of them tends to increase the others. But at the same time, if one or especially two lags badly behind, the table will collapse.

In this model probably the best thing to support is whichever of these you feel is in the worst shape. That's subjective of course.


Which one do you personally believe to be in worst shape? IMO, you can hack services/merchants/transaction with xmr.to. Which is exactly what bitcoin did with all the giftcard/purse.io/brawker stuff. You can also hack tech issues like db/gui  with mymonero.com and 3rd party GUIs. This is, again, the case with bitcoin. 3rd party wallets and web wallets are far more popular than bitcoin's official software.
The only thing that you can't hack is liquidity.

Unfortunately I don't have good answer, we don't have good benchmark data, so it is really hard to say what the weightings should be, differences in scale, etc. It's more of a conceptual model than anything else.

If you look at the one good benchmark we have (BTC) these indeed have all grown together. LTC did #1 and #2 and basically nothing on #3 and #4 and ended up being down 95% in value, on its way to 99.9% imo (I think you disagree on this last point, fair enough).


Dogecoin has valiantly tried to do all four and no one can deny its powerful marketing, high tipping transaction volume, and diverse services like Gocoin, Dogeparty, etc. yet it's down around 90%+, too. As is Monero. Bitcoin's down ~80% in value and transactions are at all time highs with new services/merchants coming online every day. I think the macro-environment (brutal crypto bear market) explains the fact that no coin is having success right now.
legendary
Activity: 952
Merit: 1000
Stagnation is Death
Mailed Gizmodo and Vice requesting to have a look at Monero  Wink
legendary
Activity: 2968
Merit: 1198
Raising XMR's marketcap makes Monero more useful, which should in turn raise its marketcap more in a self-reinforcing process. It also has the side benefit of enriching Monero's largest holders, who are likely to use some of that money to fund Monero development and external projects. Thus, the best way to market Monero is to simply buy it. Absorb the emission. It's even better than talking about its merits, advertising it, or accepting it at your place of business. Realistically, XMR can surpass everything but LTC in the mid-term. This is the best marketing possible. You can't ignore #4 on CMC default view. That's when people start to talk about it and when its actual merits become debated by everyone in the wider crypto-community.

I see the whole investors-vs-entrepreneurs as more of a chicken-and-egg debate, but even more than that, as a table with four legs (in no particular order):

1. Technology of the coin itself
2. Market cap/investors
3. Services/merchants
4. Transactional users

In my view all of these support all of the others and increasing any of them tends to increase the others. But at the same time, if one or especially two lags badly behind, the table will collapse.

In this model probably the best thing to support is whichever of these you feel is in the worst shape. That's subjective of course.


Which one do you personally believe to be in worst shape? IMO, you can hack services/merchants/transaction with xmr.to. Which is exactly what bitcoin did with all the giftcard/purse.io/brawker stuff. You can also hack tech issues like db/gui  with mymonero.com and 3rd party GUIs. This is, again, the case with bitcoin. 3rd party wallets and web wallets are far more popular than bitcoin's official software.
The only thing that you can't hack is liquidity.

Unfortunately I don't have good answer, we don't have good benchmark data, so it is really hard to say what the weightings should be, differences in scale, etc. It's more of a conceptual model than anything else.

If you look at the one good benchmark we have (BTC) these indeed have all grown together. LTC did #1 and #2 and basically nothing on #3 and #4 and ended up being down 95% in value, on its way to 99.9% imo (I think you disagree on this last point, fair enough).
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
Raising XMR's marketcap makes Monero more useful, which should in turn raise its marketcap more in a self-reinforcing process. It also has the side benefit of enriching Monero's largest holders, who are likely to use some of that money to fund Monero development and external projects. Thus, the best way to market Monero is to simply buy it. Absorb the emission. It's even better than talking about its merits, advertising it, or accepting it at your place of business. Realistically, XMR can surpass everything but LTC in the mid-term. This is the best marketing possible. You can't ignore #4 on CMC default view. That's when people start to talk about it and when its actual merits become debated by everyone in the wider crypto-community.

I see the whole investors-vs-entrepreneurs as more of a chicken-and-egg debate, but even more than that, as a table with four legs (in no particular order):

1. Technology of the coin itself
2. Market cap/investors
3. Services/merchants
4. Transactional users

In my view all of these support all of the others and increasing any of them tends to increase the others. But at the same time, if one or especially two lags badly behind, the table will collapse.

In this model probably the best thing to support is whichever of these you feel is in the worst shape. That's subjective of course.


Which one do you personally believe to be in worst shape? IMO, you can hack services/merchants/transaction with xmr.to. Which is exactly what bitcoin did with all the giftcard/purse.io/brawker stuff. You can also hack tech issues like db/gui  with mymonero.com and 3rd party GUIs. This is, again, the case with bitcoin. 3rd party wallets and web wallets are far more popular than bitcoin's official software.
The only thing that you can't hack is liquidity.
legendary
Activity: 1582
Merit: 1019
011110000110110101110010
I was asked to post this so here goes:

Burstcoin community leaders are reaching out to Monero Devs on their OP. You should take a look. It has to do with Automated Transactions...

https://bitcointalksearch.org/topic/m.10836601

Thank you
legendary
Activity: 1260
Merit: 1008
"Absorb the emissions is the best way to market"

Perhaps, but if more people are into monero, then there are more people absorbing the emissions (and also diverting the emissions towards non-dumpers).

hero member
Activity: 658
Merit: 503
Monero Core Team
There is no need to resort to arguments about the worse technology winning because of better marketing or suggest that people were being tricked into buying the objectively worse product. Does that ever happen? Maybe, but not nearly as often as the argument is made about beta/vhs for example (and a few others).
It is possible that Flash memory, SD-RAM, HTML... (all technology notably inferior to the competition at time of release) are the exception rather than the rule. Without rational tools like (well-done) statistics, we human tend to suffer from selective bias - the same reason why a plane crash causes more turmoil than road deaths, despite the latter being much more common than the former).

April 18 according to the first post in this thread.
This also was a late delivery because TFT wanted to publish on the 17th. I updated the History of Monero.
legendary
Activity: 2968
Merit: 1198
Raising XMR's marketcap makes Monero more useful, which should in turn raise its marketcap more in a self-reinforcing process. It also has the side benefit of enriching Monero's largest holders, who are likely to use some of that money to fund Monero development and external projects. Thus, the best way to market Monero is to simply buy it. Absorb the emission. It's even better than talking about its merits, advertising it, or accepting it at your place of business. Realistically, XMR can surpass everything but LTC in the mid-term. This is the best marketing possible. You can't ignore #4 on CMC default view. That's when people start to talk about it and when its actual merits become debated by everyone in the wider crypto-community.

I see the whole investors-vs-entrepreneurs as more of a chicken-and-egg debate, but even more than that, as a table with four legs (in no particular order):

1. Technology of the coin itself
2. Market cap/investors
3. Services/merchants
4. Transactional users

In my view all of these support all of the others and increasing any of them tends to increase the others. But at the same time, if one or especially two lags badly behind, the table will collapse.

In this model probably the best thing to support is whichever of these you feel is in the worst shape. That's subjective of course.
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
The best doesn't win and since market cap / price might be the big attractor (LTC excluded lol), we should be careful with Monero in not "hedging" our bets regarding getting the word out on podcasts and such.

The miniscule market caps of these altcoins mean nothing to the mass of potential outside adopters looking for something useful, which I have yet to see from any crypto, including Bitcoin.

Saying that Monero has to win tiny market cap battles in order to achieve wider adoption is like saying you have to be the most popular kid in high school in order be successful in the real world.

That may be true, but don't confuse a point I made for the wider argument. I don't think my nor anyones argument here should rest on a point or two, unless explicitly meant to.

The basis of my argument/point is to market Monero, not to raise the market cap to market it. How the marketing goes about is open to debate. I suggested podcast interviews, or even advertising spots (possibly), etc. I think brainstorming is more constructive than right or wrong perspectives here. Can't hurt...

Raising XMR's marketcap makes Monero more useful, which should in turn raise its marketcap more in a self-reinforcing process. It also has the side benefit of enriching Monero's largest holders, who are likely to use some of that money to fund Monero development and external projects. Thus, the best way to market Monero is to simply buy it. Absorb the emission. It's even better than talking about its merits, advertising it, or accepting it at your place of business. Realistically, XMR can surpass everything but LTC in the mid-term. This is the best marketing possible. You can't ignore #4 on CMC default view. That's when people start to talk about it and when its actual merits become debated by everyone in the wider crypto-community.
legendary
Activity: 2968
Merit: 1198
The best doesn't win and since market cap / price might be the big attractor (LTC excluded lol), we should be careful with Monero in not "hedging" our bets regarding getting the word out on podcasts and such.

The miniscule market caps of these altcoins mean nothing to the mass of potential outside adopters looking for something useful, which I have yet to see from any crypto, including Bitcoin.

Saying that Monero has to win tiny market cap battles in order to achieve wider adoption is like saying you have to be the most popular kid in high school in order be successful in the real world.

That may be true, but don't confuse a point I made for the wider argument. I don't think my nor anyones argument here should rest on a point or two, unless explicitly meant to.

The basis of my argument/point is to market Monero, not to raise the market cap to market it. How the marketing goes about is open to debate. I suggested podcast interviews, or even advertising spots (possibly), etc. I think brainstorming is more constructive than right or wrong perspectives here. Can't hurt...

Totally agree, although some restraint is also reasonable given the chinks in the armor at this point (no official GUI, db imminent but not released yet, etc.). Let's get the message out, but save some ammo for later too.
legendary
Activity: 2968
Merit: 1198
When is Monero's first birthday?  I would like to give it a small present.
It is around April 19th

April 18 according to the first post in this thread.
legendary
Activity: 1442
Merit: 1000
Antifragile
The best doesn't win and since market cap / price might be the big attractor (LTC excluded lol), we should be careful with Monero in not "hedging" our bets regarding getting the word out on podcasts and such.

The miniscule market caps of these altcoins mean nothing to the mass of potential outside adopters looking for something useful, which I have yet to see from any crypto, including Bitcoin.

Saying that Monero has to win tiny market cap battles in order to achieve wider adoption is like saying you have to be the most popular kid in high school in order be successful in the real world.

That may be true, but don't confuse a point I made for the wider argument. I don't think my nor anyones argument here should rest on a point or two, unless explicitly meant to.

The basis of my argument/point is to market Monero, not to raise the market cap to market it. How the marketing goes about is open to debate. I suggested podcast interviews, or even advertising spots (possibly), etc. I think brainstorming is more constructive than right or wrong perspectives here. Can't hurt...
hero member
Activity: 543
Merit: 500
When is Monero's first birthday?  I would like to give it a small present.
It is around April 19th
hero member
Activity: 795
Merit: 514
The best doesn't win and since market cap / price might be the big attractor (LTC excluded lol), we should be careful with Monero in not "hedging" our bets regarding getting the word out on podcasts and such.

The miniscule market caps of these altcoins mean nothing to the mass of potential outside adopters looking for something useful, which I have yet to see from any crypto, including Bitcoin.

Saying that Monero has to win tiny market cap battles in order to achieve wider adoption is like saying you have to be the most popular kid in high school in order be successful in the real world.
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
I really don't think many know if Monero is better than Dark, from a technical standpoint - they don't look deeply, they just go with the biggest market cap (Perhaps another fork changes that, what the 4th one now?). This reminds me of AOL. Those damn cd's were every where and me being an IT guy at the time thought "Who the hell is going to use these? I can connect easily by putting in the information. No big deal." Well, let's not make the same mistake twice, just as BTC needs that perfect app, so to speak, to hit the masses, Monero needs something akin to that to get the word out there with potential crypto users. I speak to a lot of people due to my job, lots of relatively intelligent people (lots of I.T. guys and business professionals). I know of 2 out of 50 who knew anything worth mentioning about BTC. One had a few. Those who even have a clue about BTC, mostly have little clue about alts.

We are in the early days here, and Marketing, unfortunately, is going to play AT LEAST as big a role as the technology. Mark it.

The fact there are SO MANY people who are willing to buy into a platform with SEVERE problems worries me.  Because if people can't understand why DRK is bad, then how will they understand why Monero is good?

DARSH users don't care about theoretical superiority.  Because thinking is like, hard and not cool, and stuff.  Only nerds do that.

They will remain blissfully ignorant until DARSH is broken and they get hurt by losing coins or being thrown in jail for buying illegal botanical products from Nuclear and Abraxus.

We can just wait for whoever compromised Silk Road to do the same to DARSH, or catalyze the process with bounties.  Maybe BCX needs something to do...

I for one can't wait to hear the outcry when the remote killswitch "feature" is used to drain or otherwise exploit their dear, trusted MadoffNodes.   Cheesy

To non technical people just comparing the two coins, Dark may seem good enough. And what additionally worries me in a way is that many people thought OS' like Windows would eventually fall away as they were so problematic (e.g. Blue Screen of Death) but money was put into marketing. I was a DBA for Sybase in the 90's and I found it superior (at the time) and easier to use than Oracle. This was both functionally and technically (e.g. File systems on oracle and no raw partitions at the time), yet Oracle slammed Sybase with an inferior product.

The best doesn't win and since market cap / price might be the big attractor (LTC excluded lol), we should be careful with Monero in not "hedging" our bets regarding getting the word out on podcasts and such.

I'm not sure if the huge rise today in DRK is just inside buying but the volume on Poloniex has just shifted from XMR to DRK, so it makes one wonder.

Evo coin thieves got burned by BTC-E. They may have decided to use DRK because Monero's market cap isn't big enough for 130k BTC or however much they are trying to wash.
legendary
Activity: 1442
Merit: 1000
Antifragile
Let's not make the same mistake as Beta did.

The VHS/beta argument is way overplayed in my view. Yes beta had better picture quality. VHS had longer recording time and lower cost. Does that make one better than the other? Not really. People really felt the recording time and cost were the more important factors. There is no need to resort to arguments about the worse technology winning because of better marketing or suggest that people were being tricked into buying the objectively worse product. Does that ever happen? Maybe, but not nearly as often as the argument is made about beta/vhs for example (and a few others).

Anyway, user-frendliness and good enough marketing that people are at least aware of the solution and its advantages are necessary. I mean you can make the same case about "better anonymity" vs. "ease of use" that I made in the previous paragraph about better picture quality vs recording time. I think this is valid.


I don't disagree with you. That old example came to mind but of course there are many. Instead of focusing on why "my" argument may be wrong, it might be safer to think about why it might be right. It can't hurt to have all bases covered.

Again, I'm not meaning this in a way against any of the supporters as I am one (via holding XMR, not DRK) but just speaking my mind in a less technical way, for as observed time and time again, the best doesn't always win. An example that I know of personally was Oracle over Sybase (back in the day). I was pissed to move to Oracle as I objectively found Sybase superior, not just better, than Oracle back in the 90's (late). Within a few years the marketing of Oracle drew the customers and then money was poured into research, integration, etc. and then it was better. After seeing Dark have had forks and still a following, don't discount stupidity of people to stick with it even though it has given warning signs.

I have not used Dash, so I have no idea of user friendliness between it and XMR. At this stage I don't think that is an issue, as most haven'T even heard of XMR or DRK. But those that have, how do you sway? I think enough money is in DRK and they will prop up that position. Once XMR has that money in (and it is coming unless the volume is all fake), then it will be protected and built upon. In the meantime, it just gets a bit antsy (on days like today.)
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