[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1065.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: forevernoob on March 20, 2015, 06:04:13 PM

Quote from: dreamspark on March 20, 2015, 05:59:09 PM

Quote from: Johnny Mnemonic on March 20, 2015, 05:53:10 PM

Just existing is plenty good enough if the only purpose is to sell people xmr for fiat. Here, give me 10 bucks, and I'll give you some xmr. See? No massive adoption necessary.

How much use does xmr.to or shapeshift.io depend on? None. They buy coins from exchanges as needed to fulfill orders.

Oh yeah sure, let me just get msb licenses and attempt to open bitcoin business accounts for the 10 bucks, gee glad I went through all that trouble, what a great business. It has to make economic sense sure saying I would like this that and the other is fine, I would love amazon to accept accept xmr. I wonder why they don't, do you think it's because it's not worth their time?

Maybe we can get someone that lives somewhere where regulation is a bit more lax to create a XMR/USD exchange.

We need to be on BTC-E. Not immediately, but in the medium term future.

I wrote their account here a nice sincere letter, explaining that while I have been a happy customer in the past I've since moved to Poloniex because they don't support XMR.

When the GUI is done and the Russian, etc. missive translations are automated, pressure for them to add XMR should start to ratchet up. KoziTwo's payment gateway will ease the process as well.

If they need a ~~bribe~~ direct incentive maybe some whales can splash a few thou their way. Cool

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: Its About Sharing on March 20, 2015, 10:37:10 AM

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.

Quote from: cAPSLOCK on March 20, 2015, 08:37:05 AM

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

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: ?? on ??

anyone speak chinese?

iourzzz/cryptonic are in China. But that's just one piece of the puzzle.

We need a system to coordinate missive, roadmap, and other content translation into all 32 major languages.

This is one thing our marketing expert friends at Dark-cum-Dash are doing well:

https://www.transifex.com/projects/p/darkcoin/

We don't have to use transifex and could post Help Wanted ads on the various national subs here instead.

It's too early now, but let's have something ready to go when the GUI is done.

nachoig

sr. member

Activity: 252

Merit: 250

Quote from: jwinterm on March 20, 2015, 05:46:06 PM

Quote from: Johnny Mnemonic on March 20, 2015, 05:40:57 PM

...

USDT isn't fiat, and polo isn't a dedicated exchange. Even if it was, try creating an account for your mom and see if she can buy some Monero with her USD.

I agree with you that easy fiat exchange would be extremely challenging, but we will never achieve real-world adoption/use without it. And I'd definitely try to create it myself if I had the time and legal help/knowledge.

Again, I'm not saying everyone has to flock to it. It just has to exist. We want adoption and we want merchants to accept xmr, but we have to have an easy option for new users to acquire it that doesn't depend on BTC.

Considering that Coinbase is valued at more than $400M (approximately 100x the market cap of Monero), and Circle and Buttercoin are probably valued at least $5-10M (something greater than the ~$4M market cap of Monero), I don't think Monero is quite ready for this type of full service, nationwide fiat-to-crypto conversion. It'd be nice, but I think it costs a bit much relative to the worth of all the Monero currently available...

When there was only Bitcoin, things worked exactly on this way, converting the bitcoins directly to fiat currency and vice-versa.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: dreamspark on March 20, 2015, 05:44:11 PM

Quote from: Johnny Mnemonic on March 20, 2015, 05:40:57 PM

Quote from: dreamspark on March 20, 2015, 05:26:14 PM

Quote from: smooth on March 20, 2015, 05:21:59 PM

Quote from: Johnny Mnemonic on March 20, 2015, 05:17:28 PM

Recently a close friend of mine asked me how she could acquire some xmr. I agreed to get some for her, but should I instead have replied, "oh, monero isn't popular enough among crypto geeks for you to be able to buy it with your dollars. Instead you have to buy this other much more popular crypto first, and then trade it on a complicated exchange that won't make sense to regular folks like yourself"?

Valid point IMO.

Even something like retail prepaid cards would be much better.

Everyone always says this for every coin. Fact is the demand isn't there. Nobody noticed that polo offers usdt, nobody noticed how hilarious the volume is.

Look I'd love a fiat exchange, go and do it, please I implore you. Fact is with the licenses, money laundering regulations etc it doesn't make business sense. If it did and was a profitable thing to do, an exchange such as Bitfinex or btc-e would have done it.

USDT isn't fiat, and polo isn't a dedicated exchange. Even if it was, try creating an account for your mom and see if she can buy some Monero with her USD.

I agree with you that easy fiat exchange would be extremely challenging, but we will never achieve real-world adoption/use without it. And I'd definitely try to create it myself if I had the time and legal help/knowledge.

Again, I'm not saying everyone has to flock to it. It just has to exist. We want adoption and we want merchants to accept xmr, but we have to have an easy option for new users to acquire it that doesn't depend on BTC.

Just existing isn't good enough you need liquidity to have an exchange. You'd be better of setting up something like a local bitcoins seller where you accept fiat and then buy back your xmr on market.

I don't think average Joe type users really want an exchange at all. They just want a buy price and a sell price, the way the coinbase classic (not the new exchange version) works. The liquidity comes from somewhere else (could be an exchange, could be an internal trading desk, doesn't matter), but that is not visible or relevant to the customer.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: dreamspark on March 20, 2015, 05:26:14 PM

Quote from: smooth on March 20, 2015, 05:21:59 PM

Quote from: Johnny Mnemonic on March 20, 2015, 05:17:28 PM

Recently a close friend of mine asked me how she could acquire some xmr. I agreed to get some for her, but should I instead have replied, "oh, monero isn't popular enough among crypto geeks for you to be able to buy it with your dollars. Instead you have to buy this other much more popular crypto first, and then trade it on a complicated exchange that won't make sense to regular folks like yourself"?

Valid point IMO.

Even something like retail prepaid cards would be much better.

Everyone always says this for every coin. Fact is the demand isn't there. Nobody noticed that polo offers usdt, nobody noticed how hilarious the volume is.

USDT is fairly useless. It's still crypto and you still need to buy USDT with USD somehow unless you are trading crypto-to-crypto.

I agree the market for anything other than crypto speculators really isn't there, and I mean both demand-side and supply-side. The exchanges are a good service for crypto-speculators and crypto-speculators like the exchanges (especially the bigger ones as you point out). For everyone else, not so much.

vokain

legendary

Activity: 1834

Merit: 1019

I would do it but in the US you need a money transmitter license to legally sell crypto for fiat...

http://www.burtw.com/

I recommend working on increasing organic volume on an XMR/BTC exchange to the point other exchange operators realize they're losing out on commission potential (e.g. >volume than DRK on Bitfinex)

forevernoob

hero member

Activity: 687

Merit: 500

Quote from: dreamspark on March 20, 2015, 05:59:09 PM

Quote from: Johnny Mnemonic on March 20, 2015, 05:53:10 PM

Just existing is plenty good enough if the only purpose is to sell people xmr for fiat. Here, give me 10 bucks, and I'll give you some xmr. See? No massive adoption necessary.

How much use does xmr.to or shapeshift.io depend on? None. They buy coins from exchanges as needed to fulfill orders.

Oh yeah sure, let me just get msb licenses and attempt to open bitcoin business accounts for the 10 bucks, gee glad I went through all that trouble, what a great business. It has to make economic sense sure saying I would like this that and the other is fine, I would love amazon to accept accept xmr. I wonder why they don't, do you think it's because it's not worth their time?

Maybe we can get someone that lives somewhere where regulation is a bit more lax to create a XMR/USD exchange.
Then it won't cost as much.

Johnny Mnemonic

hero member

Activity: 795

Merit: 514

Quote from: dreamspark on March 20, 2015, 05:59:09 PM

Quote from: Johnny Mnemonic on March 20, 2015, 05:53:10 PM

Just existing is plenty good enough if the only purpose is to sell people xmr for fiat. Here, give me 10 bucks, and I'll give you some xmr. See? No massive adoption necessary.

How much use does xmr.to or shapeshift.io depend on? None. They buy coins from exchanges as needed to fulfill orders.

Oh yeah sure, let me just get msb licenses and attempt to open bitcoin business accounts for the 10 bucks, gee glad I went through all that trouble.

You said "just existing" wasn't good enough. I made a point. Now you're changing the subject.

For the third time, I never it would be easy. But my point still stands that it's 100% necessary.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: Johnny Mnemonic on March 20, 2015, 05:53:10 PM

Just existing is plenty good enough if the only purpose is to sell people xmr for fiat. Here, give me 10 bucks, and I'll give you some xmr. See? No massive adoption necessary.

How much use does xmr.to or shapeshift.io depend on? None. They buy coins from exchanges as needed to fulfill orders.

Oh yeah sure, let me just get msb licenses and attempt to open bitcoin business accounts for the 10 bucks, gee glad I went through all that trouble, what a great business. It has to make economic sense sure saying I would like this that and the other is fine, I would love amazon to accept accept xmr. I wonder why they don't, do you think it's because it's not worth their time?

Johnny Mnemonic

hero member

Activity: 795

Merit: 514

Quote from: jwinterm on March 20, 2015, 05:46:06 PM

Considering that Coinbase is valued at more than $400M (approximately 100x the market cap of Monero), and Circle and Buttercoin are probably valued at least $5-10M (something greater than the ~$4M market cap of Monero), I don't think Monero is quite ready for this type of full service, nationwide fiat-to-crypto conversion. It'd be nice, but I think it costs a bit much relative to the worth of all the Monero currently available...

I don't know what these companies value has to do with anything. A more relevant consideration might be:

What was bitcoin's first ever fiat exchange, and what was btc's value when it opened?

Johnny Mnemonic

hero member

Activity: 795

Merit: 514

Quote from: dreamspark on March 20, 2015, 05:44:11 PM

Quote from: Johnny Mnemonic on March 20, 2015, 05:40:57 PM

Quote from: dreamspark on March 20, 2015, 05:26:14 PM

Quote from: smooth on March 20, 2015, 05:21:59 PM

Quote from: Johnny Mnemonic on March 20, 2015, 05:17:28 PM

Recently a close friend of mine asked me how she could acquire some xmr. I agreed to get some for her, but should I instead have replied, "oh, monero isn't popular enough among crypto geeks for you to be able to buy it with your dollars. Instead you have to buy this other much more popular crypto first, and then trade it on a complicated exchange that won't make sense to regular folks like yourself"?

Valid point IMO.

Even something like retail prepaid cards would be much better.

Everyone always says this for every coin. Fact is the demand isn't there. Nobody noticed that polo offers usdt, nobody noticed how hilarious the volume is.

Look I'd love a fiat exchange, go and do it, please I implore you. Fact is with the licenses, money laundering regulations etc it doesn't make business sense. If it did and was a profitable thing to do, an exchange such as Bitfinex or btc-e would have done it.

USDT isn't fiat, and polo isn't a dedicated exchange. Even if it was, try creating an account for your mom and see if she can buy some Monero with her USD.

I agree with you that easy fiat exchange would be extremely challenging, but we will never achieve real-world adoption/use without it. And I'd definitely try to create it myself if I had the time and legal help/knowledge.

Again, I'm not saying everyone has to flock to it. It just has to exist. We want adoption and we want merchants to accept xmr, but we have to have an easy option for new users to acquire it that doesn't depend on BTC.

Just existing isn't good enough you need liquidity to have an exchange. You'd be better of setting up something like a local bitcoins seller where you accept fiat and then buy back your xmr on market.

Just existing is plenty good enough if the only purpose is to sell people xmr for fiat. Here, give me 10 bucks, and I'll give you some xmr. See? No massive adoption necessary.

How much use does xmr.to or shapeshift.io depend on? None. They buy coins from exchanges as needed to fulfill orders.

jwinterm

legendary

Activity: 3164

Merit: 1118

Quote from: Johnny Mnemonic on March 20, 2015, 05:40:57 PM

...

USDT isn't fiat, and polo isn't a dedicated exchange. Even if it was, try creating an account for your mom and see if she can buy some Monero with her USD.

I agree with you that easy fiat exchange would be extremely challenging, but we will never achieve real-world adoption/use without it. And I'd definitely try to create it myself if I had the time and legal help/knowledge.

Again, I'm not saying everyone has to flock to it. It just has to exist. We want adoption and we want merchants to accept xmr, but we have to have an easy option for new users to acquire it that doesn't depend on BTC.

Considering that Coinbase is valued at more than $400M (approximately 100x the market cap of Monero), and Circle and Buttercoin are probably valued at least $5-10M (something greater than the ~$4M market cap of Monero), I don't think Monero is quite ready for this type of full service, nationwide fiat-to-crypto conversion. It'd be nice, but I think it costs a bit much relative to the worth of all the Monero currently available...

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: Johnny Mnemonic on March 20, 2015, 05:40:57 PM

Quote from: dreamspark on March 20, 2015, 05:26:14 PM

Quote from: smooth on March 20, 2015, 05:21:59 PM

Quote from: Johnny Mnemonic on March 20, 2015, 05:17:28 PM

Recently a close friend of mine asked me how she could acquire some xmr. I agreed to get some for her, but should I instead have replied, "oh, monero isn't popular enough among crypto geeks for you to be able to buy it with your dollars. Instead you have to buy this other much more popular crypto first, and then trade it on a complicated exchange that won't make sense to regular folks like yourself"?

Valid point IMO.

Even something like retail prepaid cards would be much better.

Everyone always says this for every coin. Fact is the demand isn't there. Nobody noticed that polo offers usdt, nobody noticed how hilarious the volume is.

Look I'd love a fiat exchange, go and do it, please I implore you. Fact is with the licenses, money laundering regulations etc it doesn't make business sense. If it did and was a profitable thing to do, an exchange such as Bitfinex or btc-e would have done it.

USDT isn't fiat, and polo isn't a dedicated exchange. Even if it was, try creating an account for your mom and see if she can buy some Monero with her USD.

I agree with you that easy fiat exchange would be extremely challenging, but we will never achieve real-world adoption/use without it. And I'd definitely try to create it myself if I had the time and legal help/knowledge.

Again, I'm not saying everyone has to flock to it. It just has to exist. We want adoption and we want merchants to accept xmr, but we have to have an easy option for new users to acquire it that doesn't depend on BTC.

Just existing isn't good enough you need liquidity to have an exchange. You'd be better of setting up something like a local bitcoins seller where you accept fiat and then buy back your xmr on market.

Johnny Mnemonic

hero member

Activity: 795

Merit: 514

Quote from: dreamspark on March 20, 2015, 05:26:14 PM

Quote from: smooth on March 20, 2015, 05:21:59 PM

Quote from: Johnny Mnemonic on March 20, 2015, 05:17:28 PM

Recently a close friend of mine asked me how she could acquire some xmr. I agreed to get some for her, but should I instead have replied, "oh, monero isn't popular enough among crypto geeks for you to be able to buy it with your dollars. Instead you have to buy this other much more popular crypto first, and then trade it on a complicated exchange that won't make sense to regular folks like yourself"?

Valid point IMO.

Even something like retail prepaid cards would be much better.

Everyone always says this for every coin. Fact is the demand isn't there. Nobody noticed that polo offers usdt, nobody noticed how hilarious the volume is.

Look I'd love a fiat exchange, go and do it, please I implore you. Fact is with the licenses, money laundering regulations etc it doesn't make business sense. If it did and was a profitable thing to do, an exchange such as Bitfinex or btc-e would have done it.

USDT isn't fiat, and polo isn't a dedicated exchange. Even if it was, try creating an account for your mom and see if she can buy some Monero with her USD.

I agree with you that easy fiat exchange would be extremely challenging, but we will never achieve real-world adoption/use without it. And I'd definitely try to create it myself if I had the time and legal help/knowledge.

Again, I'm not saying everyone has to flock to it. It just has to exist. We want adoption and we want merchants to accept xmr, but we have to have an easy option for new users to acquire it that doesn't depend on BTC.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: smooth on March 20, 2015, 05:21:59 PM

Quote from: Johnny Mnemonic on March 20, 2015, 05:17:28 PM

Recently a close friend of mine asked me how she could acquire some xmr. I agreed to get some for her, but should I instead have replied, "oh, monero isn't popular enough among crypto geeks for you to be able to buy it with your dollars. Instead you have to buy this other much more popular crypto first, and then trade it on a complicated exchange that won't make sense to regular folks like yourself"?

Valid point IMO.

Even something like retail prepaid cards would be much better.

Isn't there the ability to buy via USD into Poloniex? Never used it but I guess this is an option (I've even seen the deposit column). I'd bet it's feasible.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: smooth on March 20, 2015, 05:21:59 PM

Quote from: Johnny Mnemonic on March 20, 2015, 05:17:28 PM

Recently a close friend of mine asked me how she could acquire some xmr. I agreed to get some for her, but should I instead have replied, "oh, monero isn't popular enough among crypto geeks for you to be able to buy it with your dollars. Instead you have to buy this other much more popular crypto first, and then trade it on a complicated exchange that won't make sense to regular folks like yourself"?

Valid point IMO.

Even something like retail prepaid cards would be much better.

Everyone always says this for every coin. Fact is the demand isn't there. Nobody noticed that polo offers usdt, nobody noticed how hilarious the volume is.

Look I'd love a fiat exchange, go and do it, please I implore you. Fact is with the licenses, money laundering regulations etc it doesn't make business sense. If it did and was a profitable thing to do, an exchange such as Bitfinex or btc-e would have done it.

Funny though, your friend wants to hold xmr which still only has a command line wallet yet a simple btc/xmr exchange is complicated...

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: Johnny Mnemonic on March 20, 2015, 05:17:28 PM

Recently a close friend of mine asked me how she could acquire some xmr. I agreed to get some for her, but should I instead have replied, "oh, monero isn't popular enough among crypto geeks for you to be able to buy it with your dollars. Instead you have to buy this other much more popular crypto first, and then trade it on a complicated exchange that won't make sense to regular folks like yourself"?

Valid point IMO.

Even something like retail prepaid cards would be much better.

Johnny Mnemonic

hero member

Activity: 795

Merit: 514

Recently a close friend of mine asked me how she could acquire some xmr. I agreed to get some for her, but should I instead have replied, "oh, monero isn't popular enough among crypto geeks for you to be able to buy it with your dollars. Instead you have to buy this other much more popular crypto first, and then trade it on a complicated exchange that won't make sense to regular folks like yourself"?

Johnny Mnemonic

hero member

Activity: 795

Merit: 514

Quote from: dreamspark on March 20, 2015, 04:59:17 PM

I'm not making up anything.... Look, just open up your own xmr/fiat exchange and find out what happens. You believe adamantly that people will flock to a fiat denominated exchange which isn't the case. Even LTC doesn't have its 'own' exchange.

You're still making assumptions. Show me a scenario where an alt had a dedicated fiat exchange that nobody used.

Oh, and which altcoin exchange was Bitcoin traded on before it got big enough for it's own exchange?

The point is: altcoin exchanges will never drive demand outsite of altcoin exchanges. Somewhere you must be independent of BTC. It doesn't have to be the most popular... but you need the option.

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1065. (Read 4671660 times)