Topic: [XMR] Monero Speculation - page 116. (Read 3314316 times)

It's cool to finally read some insightful speculation in here again.  And don't worry, we are all crazy and paranoid in here... you are preaching to the choir

Honestly I don't pay much attention to the BTC fork drama saga.  I understand the basics, so take what I'm saying with a grain of salt.  But from my perspective no one who I know from the forum, IRC, cryptotwitter, etc. takes anything Craig says seriously.  It seems he's basically a scammy dude who's been chalked up to be meme-worthy for his blatant bullshit and have seen countless arguments of him contradicting himself and essentially proves he's not Satoshi.

In order to dump on people, people would have to be buying in the first place... My question is who the fuck is buying, and isn't the market cap basically a group of whales slinging their dicks around to get the most profit from their BTC they accumulated in the past?  I have never seen anyone online who is not an obvious bot, or a scammy whale, promoting these fork coins.

But honestly as time goes on and the endless list of new coins/forks coming out; I still have never heard of another coin that is a better "plan" for a digital P2P cash system than Monero.  Grin, Z-cash, etc. might have some cool technology behind them, but there are more cons to them in comparison to Monero.  Sure, there are cons in Monero, but the difference is that the community recognizes the remaining flaws and are actively interested in correcting them and funding developers and mathematicians to work these issues out.

Remain calm, and amass Monero.

I don't want to argue in vain and trigger feelings with this post, I just want to talk logically and rationnally about an interesting subject.

Regarding BSV, what you skectch as a scenario (Metanet ending in a centrally controled) is only an hypothesis, a speculation, a possibility. No one will know for sure until this has been tried.
Maybe this will end up centrally controled, maybe not. I suggest you framing that as an experiment. The same way Bitcoin was framed as an experiment until 2014. Let's look at what's going to happen, and I am personally grateful that some people carry out this project.

Regarding CSW, who cares? This a protocol, it's only the code that matter.
Do you remember the early days of Bitcoin when people said that knowing the personality of Satoshi was irrelevant to the Bitcoin project?  The same goes for BSV. This is a protocol, which such be judged as such. Rationally, gossips about personalities should be irrelevant.

Amen, helllyyyyeeeeaaaaahhhhhhhh 

Thanks for your hopium infofront, even when I personally don’t really need it anymore. Monero nowadays just conveniently works as fungible money and is still actively being improved each day. Therefore, perhaps to a naive extend, I am not really bothered with its volatility.

We are all on the same boat kurious, Monero potentially being a lifeboat for Bitcoin. Perhaps less as a SoV, but definitely as digital cash. I would still use it for payments even when it ‘crashes to zero’, as long as the network is up and running. Sorry to hear about your boating accident though. My lifeboat is making water but still afloat, you are welcome to join catching the next wave.

That is a rather sweet thought - especially as when it's only hopium for a repeat of what we have already seen before.  

The beauty of last time was being able to cash in something once the bubble was obviously over for BTC.  I did actually sell some XMR at that point last time. I wanted to hold my stash of BTC, but I did sell a few XMR for extra BTC and then cash those in.

Fortunately it was before the boating accident, too.

Hopium:

BTC crashed from ~$19,500 in Dec. 2017 to ~$14,500 on Jan. 9, 2018. That's the day Monero reached its ATH of $542, or 0.0347 BTC.

It's likely we'll see an altcoin bubble following the next bitcoin bubble again. If Bitcoin were to reach $100K at the top of the next bubble, then crash 25% when altcoin season hits it's pinnacle, one XMR at 0.035 would carry a value of $2,625.

So did I, way back - but I just traded and traded to get the average down.  And bought more, which helps if you're under water.  When it did rocket up in 2016, I was sitting pretty.

I hope it works out for you, and I am sure Monero will help, it does look like sooner or later it will break out properly again, it wasn't so long back it was under $40.

Crypto teaches us all the discipline of patience.

Well If you all remeber i've been buying back since Alphabay so i'm a little under water on my DCA.

It will be nice to get back to fucking .03 again!

But then I'm still not selling.

I learned my lesson the hard way.

Well it's just gone over 0.008....

Not too shabby, eh?  Looking forward to getting back to proper Monero prices again, it's about time.

That's about, ooh 70 bucks in 'old money'.

^^^--- Thats it I'm convinced!


I trust BTC, XMR and maybe Grin soon and thats about it.

That is some hell of a speculation cAPSLOCK

Monero will be there for the ones needing it. And that is a truly magnificent thing to be able to say.

I have some interesting/paranoid speculation...  It takes a moment to get to Monero... but hang with me.

I know my opinions on BTC forks might be different than some of my Monero brothers, and for full disclosure I believe BCH is misguided at best, and an all out scammy attack at worst, and BSV is an absolute abomination from any perspective.  I think the idea of the metanet, although fascinating, is something that will destroy the cypherpunk vision of Bitcoin. I think the correct way to achieve the metanet ideals is to run it as an opt in sidechain on Bitcoin.  The reason I think storing all kinds of data on the Bitcoin blockchain is a bad idea is it will necessarily centralize not only the miners, but also the fully validating nodes, which is a distinction with it's own essay, but not this one.

Storing virtually unlimited data on the blockchain will require both exponentially gigantic troves of data storage space, as well as the very fastest internet bandwidth, AND enormous CPU power for validation.  This will re-collapse the fully validating nodes with the miners and render those entities to be businesses on the size of FAANG, or nation states.

In the end a relatively small group of  node operators (For example USA, Google, Facebook, Amazon, Microsoft, China, Russia, and maybe 5-6 more) would then control ALL the "distributed" (but no longer effectively decentralized) copies of the blockchain. They could then form a cabal that could then set the monetary policy of the new world digital currency.

I know...  Kinda paranoid.

But if that is not what happens with BSV then what is it?

Well if not that?  Then it is a total fraud.  Craig Wright is a scammer, a compulsive liar, and smart enough to think up the swindle of the millennium.  At least if he can pull it off.  Craig, along with his billionaire backer, Calvin Aire...

Wait...  Why would Satoshi Nakamoto actually need the backing of a billionaire who is famous for making his money from "businesses" that skirt on the edge of legality or even just operate in spite of it?  A billionaire/fugitive who enjoys hosting underage girls to twerk for him on various islands where he can have accounts that the dominant nation states cannot censor.

He wouldn't.  And he would not need to unlock his "Tulip Trust" before he could leverage HUNDRED OF MILLIONS if not BILLIONS of dollars with of bitcoin he amassed even after the first couple years.


So... what is Craig up to?  Greg Maxwell has warned that there is code in the "upgrade" to enable theft:

https://www.reddit.com/r/bsv/comments/edr0av/massive_replay_theft_coming_to_a_scamchain_near/

So is Calvin pumping BSV while the zombies join in thinking that the "shadowy courtier" finally showed up to give Craig the access to the Satoshi keys?   If it is a scam, then this pump is a set up, and perhaps his dump will be fueled by the ability for him to take the Satoshi coins via the "Genesis" upgrade that just went in today.

Well, that leads us here: If Craig Wright decides to ONLY move the Satoshi coins on the BSV blockchain... well... then you can bet your bottom satoshi (BTC) that he is scamming.  If he does not sell BCH or BTC first then he is leveraging something in the new genesis code to take control over the Satoshi coins.

OK.  And now relevant for our little community.

Craig has been talking his book all along.  BSV is the TRUE Bitcoin and should rise!!!!  BCH is a failed abortion.  And BTC is the segwit infested fraud.

So he wants low BTC prices, High BSV prices, and probably wants to kick Roger in the nuts.

But there is one other chain he has mentioned fairly frequently...  

Monero. (and the founder's reward trusted garbage chain)

https://www.reddit.com/r/CryptoCurrency/comments/aykqoy/craig_wright_threatens_to_make_monero_and_zcash/
https://www.reddit.com/r/Monero/comments/9whmwb/craig_wright_privacy_coins_are_all_compromised/

What if this is talking his book too?  I mean.. if he does dump satoshis coins on all the BSV morons...  What is he gonna do with all the traceable crypto then?

He is going to buy the coin(s) that he has been trying to talk down now for years that will cover his tracks.  He may dump those again, probably on Bisq for BTC. Because let's face it.  If he IS a fraud, then that is what he is going for.

So...  

If you see BSV get dumped hard...

In my humble opinion it might not be a bad idea to buy some Monero.  

Because it goes up next.

What do you think?

PS.  If he is really trying to earn the legacy of actual bitcoin?  Then my bet is he (or maybe Calvin) in the actual Antichrist. Just thought I would add that to up the crazy of this post a little.

Lololol.

Yup.  I said for a change...  And that's exactly the problem.  -_-

A guy can hope tho.  At least give me that (for my sanity ffs).

The bears ammo are drying up and its only going to get tougher for them.

Whenever I talk here about 0.0075 BTC price I spook the rally So I will stop.


It finally happened! Coinbase is under 2XMR. So less then 1 fresh XMR a minute or 1440 a day.

Your forgiven,


W0rd!

I see bigger volume.

Volume is what leads to price with cap, I have more optimism.

My post seemed er... perfectly timed in retrospect!  Apologies to the team if I jinxed it

But XMR is still holding up well in choppy seas.  It is impossible to know if Monero will keep rising in a real BTC bull market until after Bitoin convincingly pulls out of the bearish channel it's been in since July, but the signs look pretty good.