Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1652. (Read 4671953 times)

Network effect, liquidity, first mover advantage. Monero is THE cryptonote currency. Everything else is altcoins. Why do you think bitcoin is worth 70 times more than litecoin?

Boolberry does not offer anything significantly better/different than monero.

If all it takes is to have a technically equal currency for it to be valued at 1:1 ratio then you also need to understand that all coins will be equally worthless due to unlimited inflation.

If that logic were sound than the value of both ought to be very close to zero because they are infinitely reproducible.

FTFY

Dashcoin is a "shitcoin" for lack of a better word. Shitcoins may be pumped but eventually they all die due to lack of interest. They are usually created with the solo purpose of enriching the creator/early-adopter. It's pretty much the modern day form of a ponzi scheme.

Does it solve the cost of development? Certainly. But if all it takes is to copy/paste bitcoin/monero and have value is instantly created out of thin air then why not repeat this process a billion times? Quite simple: Unlimited inflation causes the coin to be worth zero.

There are 75 BTC against 89000 XMRs at Poloniex, divide 75/89000 = 0.0008, that's the average price buyers are willing to pay. Frankly, I don't see how the price can be 5x higher than its closest competitor Boolberry, both coins are technically equal. Even hero members are not bigger than the market and can't support the price indefinately.

hmm that's bad..

this is out of XMR topic and a little bit funny for me..coz now i see the advantage of dashcoin  

quote from the OP of DSH:

Why mirror image is better than self sustained fork?
The reason is simple - costs. Self sustained forks demand a lot of development time, if you want to build a well maintained cryptocurrency. And if the network grows, the required development time is likely to grow too.
A simpler, and less costly way to maintain a network with high reliability is to create a self mutating copy of parasite on it. Mutating copy Parasite is a simple copy of the original source, mutating every time the original source mutates.

Even more - such a process can be automated!

I think bytecoin has a better shot than tenebrix, but not enough to out-compete monero.

I also bought some additional XMR. Sadly, it was less than 0.5 BTC given my really limited economical capabilities.

Tacotime said: "It’s not until 2-3 years in that we’ll likely see obscene increases in price given simple economics."
The said simple economics being mostly inflation rate (the rest being inside (wallet, website) or outside (institution getting into monero) announcements.
BTC was cheap for several years. And Monero follows a BTC-like emission curve. Connect the dots.

Well, technically, First-mover advantage is for Bytecoin But then again, this did not help Tenebrix either.

Someone somewhere proposed the word "altnotes"

(finally thought about checking the "don't use smiley" checkbox. I feel much better now)

Tacotime said: "It’s not until 2-3 years in that we’ll likely see obscene increases in price given simple economics."
The said simple economics being mostly inflation rate (the rest being inside (wallet, website) or outside (institution getting into monero) announcements.
BTC was cheap for several years. And Monero follows a BTC-like emission curve. Connect the dots.

Well, technically, First-mover advantage is for Bytecoin But then again, this did not help Tenebrix either.

Someone somewhere proposed the word "altnotes"

(finally thought about checking the "don't use smiley" checkbox. I feel much better now)

yep that's why its funny..but solves the costs issue for development..bytecoin bug will affect them (bytecoin) first. bytecoin woudn't do that to themselves..i think so..

BUT....  the decline has been long and steady.  What do you think is driving this?  And how can this coin recover?

Network effect, liquidity, first mover advantage.

Monero is THE cryptonote currency. Everything else is altcoins.

There are 75 BTC against 89000 XMRs at Poloniex, divide 75/89000 = 0.0008, that's the average price buyers are willing to pay. Frankly, I don't see how the price can be 5x higher than its closest competitor Boolberry, both coins are technically equal. Even hero members are not bigger than the market and can't support the price indefinately.

Buy Orders
Price   XMR   BTC
0.00240200   301.44639286   0.72407424
0.00240005   83.33159726   0.2
0.00240003   20.83307292   0.05
0.00240002   2054.5795685   4.93103206
0.00240001   500   1.200005
0.00240000   1658.80367081   3.98112881

Seriously? Relying on other people for development with that lame excuse?
So Bytecoin introduces some bug in purpose, dashcoin copies it automatically and destroys the network? Sounds really awesome...

hmm that's bad..

this is out of XMR topic and a little bit funny for me..coz now i see the advantage of dashcoin  

quote from the OP of DSH:

Why mirror image is better than self sustained fork?
The reason is simple - costs. Self sustained forks demand a lot of development time, if you want to build a well maintained cryptocurrency. And if the network grows, the required development time is likely to grow too.
A simpler, and less costly way to maintain a network with high reliability is to create a self mutating copy of it. Mutating copy is a simple copy of the original source, mutating every time the original source mutates.

Even more - such a process can be automated!

So many people (including bitcointalk hero members and btc whales) saying they are buyers at this price but not bid support on the exchanges. I find this curious.

Well the trouble is a low value may cause new potential developers to lose interest. Or worst case even the current developers.

People. Please don't give up hope.

This idea is nice, but the ongoing FUD campaigns inevitably breed distrust in the cross-community comparison. One needs to be understood and dealt with before the other. It would be interesting if it were revealed that no anonymous competition is behind this, but at this point it's not possible to tell. It's an effective campaign, and is recently losing ground IMO.

This thread is going out to all those who stand for Cryptos, whether it be Bitcoin, Litecoin, Dogecoin, Darkcoin, NXT, NEM or something else (sorry I didnt mention others!).


I for one am putting my foot down (with little no no authority here obviously) and standing up for all cryptos and also that get consistently bashed by trolls!

This post really made me make this thread (https://litecointalk.org/index.php?topic=20452.0), and I would love to see community members across all isles band together and put a stop to the coin bashing.

Recently I have seen a significant increase in coin bashing from a few trolls, and as a community we need to put a stop to this and defend all cryptos that are trying their damnness to create something that will have a good alternative or possibly even replace fiat. We are all brothers and sisters in the same community, whether you realize this or not.

I am a Litecoin advocate and proud of it, but that doesnt mean I hate other cryptos. Rather I recognize that we are a family, and we are stronger when standing together.


As a side note and forewarning, this is also a self moderated thread to remove any trolls that come in here and spread the hate. For all I know they are NSA lackies that were hired to spread FUD (and before the tin foil hat posts go up, realize that the NSA had people playing WoW looking for terrorists rofl).