Topic: [XMR] Monero Speculation - page 119. (Read 3314316 times)

I know only a few "OGs" who are as interested in Monero as I am*, but I think the word is spreading.  Idk if it's just me in an echo chamber on twitter, here, etc; but it seems to me a lot of other OG's who had been BTC maximalists before are starting to at least entertain the idea of Monero being a legit project to watch and the issue of fungibility a legit one.

However when it comes to dealing with a recession, I think it depends on the general population's reaction to it.  During the 2008 collapse, there were major discussions being had in main stream media, news outlets and such about 'Is capitalism dead?'.  People had a lot of distrust in the system after that, and I think if Bitcoin/Monero were around then, there might have been some panicky people with some extra funds that they wanted to store away in a speculative/risky asset such as Bitcoin or Monero.  But I think there is some threshold that has to be crossed first for people to want to put their hard earned dollars into a speculative asset such as these.  Income inequality has never been more drastic than it has right now.  An interesting question is will people be ready (or angry) enough to risk not being able to pay off bills and maintain their regular life in order to escape "the system"?  We've never seen the cryptocurrency market in a 2008-2009 kind of recession, would be very interesting to see


* - I consider people "OGs" if they were around the scene before 2015 (when I went down the crypto rabbit hole)

I'm really curious about how Bitcoin or Monero would do during a recession. A part of me things it would do very well, especially because if people start seeing gains, the network effect will kick off a new bullrun. Especially when people are trying to get out of stocks and stuff.

I think Monero lost some market share because alot of people sold their XMR after January 2018. But if I had to take a guess, alot of the old OG's are probably keeping an eye on XMR.

Maybe 100 at most I think.

What were the Konferenco attendance #s?

This weekend will happen probably 3rd biggest Monero yearly event after the Konferenco and the Monero village at Defcon. Monero at the 36C3: Chaos Communication Congress in Leipzig Germany.

Here you can find more links about the history of the event and about three days schedule:  https://old.reddit.com/r/Monero/comments/efuoxq/monero_at_the_36c3_chaos_communication_congress/





EDIT: When I look at schedule https://frab.riat.at/en/36C3/public/schedule  I am not sure if it is 3rd anymore.

I speculate PlusToken will try to wash their coins as they have been blacklisted by chainradar so don't feed the fuckers.

I fail to see how that is a valid argument for anything.



I've boycotted Mickey D's for the last 25 or so years because of this kind of shit.

I blame them in large part for the Fat Asses all over the place.

I don't think what we eat now is the same burger we were eating 40 years ago.

They are feeding us with totally worthless shit.

Inflation isn't always visible on charts.

You think it is real fried potatoes we eat? Nope. A mixture of Wheat, soybeans, potato and full of other filth


https://mashable.com/2015/01/22/what-mcdonalds-fries-are-made-of/

This is why:




Inflation even small adds over time. But we should not mix emission inflation or money supply and price inflation or even equals them.  If you increase money supply for 10% that dont mean value of money will lose 10%.


What is happening with money supply: https://tradingeconomics.com/united-states/money-supply-m1

^  And what's with most people in the space and inflation anyway?  It's like a sin to talk and think about.  What did the Keynesians do wrong?  You had your iphones invented cos of it.  Lolol.

When comparing Bitcoin and Monero and adding argument of a emission bug is very silly. Emission bug was abused in Bitcoin but never in Monero. Yes there is same chance it happens in both. But fact is it was a abused only in Bitcoin and had to be forked.




Yes the tail emission is 0.7% yearly and then slowly decreasing over years.

In general emissions of Bitcoin and Monero are almost identical in our lifetime. Our grand grand grand kids will maybe have 2 Monero for every Bitcoin. v

And anyway ISTR a command like total supply or something, that could report it?

You should be able to do it mathematically.

I do not want to belabor this too much, but there is a way to say with cryptographic certainty that Monero has no "extra" coins?

Old wallet counting bug, no coins were EVER created out of thin air and you can always check how many exist.

He prolly means 'XMR created out if thin air'.  It's one of the issues why BTC will never adopt CT.

As for the tail emission...  It's fine.  That's like less than a percent of total XMR in circulation...?

Prototype of Monero made by ECB: https://www.ecb.europa.eu/paym/intro/publications/pdf/ecb.mipinfocus191217.en.pdf?3824c3f26ad2f928ceea370393cce785

It fails at few things, but it dont fails at that they know there cant be any serious money where random 3rd party can snoop on transactions like we can with transparent ledger cryptocurrencies.

Reality is a shitty place to live and it hates me.
^^^I'll have to add that to my quotes.



YUP^TM


You mean the tail emission? Its so small it shouldn't do a a damn thing its just been overblown by fudders as they have nothing else to point at and say "See its not a ponzie scheme so it can't increase in value".

Monero is really holding it's own better than many alts.

Bottom line... if Bitcoin stays at the front of crypto space Monero will still fill a valuable niche as one of the most cypherpunk projects in the whole space. 

The world still has a LOT of catching up to do when it comes to what BTC (and XMR) offers in terms of freedom and self sovereignty.

Some of you are old enough to remember how long it took to get a GUI.  One of the best parts about XMR not having a GUI was when it finally got one, the protocol, and the chain were old and proven enough to handle the greater usage it began to see.

I think the value not being realized is similar.  The utterly VAST majority of people do not understand why Monero matters.  Now what we need is second layer solutions to grow up enough that we start to see some cross chain interoperability.  When that happens Monero will (in my opinion) begin to show it's value as a chain with trust-able privacy implementation.

I would say that Monero is best used for commerce.  I think in some ways that makes it a bad investment.  However it should also be recognized as a way to privately store wealth.  In that regard it's hard to match.  Not BTC.  Not Grin, or ZCash.  I wish I could dig up a post I wrote years ago.  But it is truly the modern day Swiss Bank account.

People just don't know that yet.

Monero has exactly TWO enimys in my opinion.

1.  Eventually BTC is somehow able to integrate enough privacy to make it unneeded. (I think this is unlikely, but the LN might make the cash side work that way)

2.  Hidden inflation.

#2 is it's Achilles heel.  But even in that regard it would still have value.

Take a deep breath, let us not have another alpha bay moment shall we?