Topic: [XMR] Monero Speculation - page 1208. (Read 3314350 times)

It's a cute theory, but really, emulating hacker movies is not really what Monero is trying to achieve here. We're talking about a $30 million marketcap. The majority of users simply require functionality.

• Mr Asuki from the Japanese Yakuza just needs to be in and out without any fuss. He has no experience of command-line.
• Madame X is a spanish anarchist. She just needs to be in and out without any fuss. She has no experience of command-line.
• Abd al Hakim is a Syrian refugee trying to escape to Pakistan. He just needs to be in and out without any fuss. He has no experience of command-line.
• Kang Sok Ju is a North Korean defector trying to make his way to Europe. He just needs to be in and out without any fuss. He has no experience of command-line.
• Gus Fring is a Chilean chicken vendor. He just needs to be in and out without any fuss. He has no experience of command-line.

And so it continues...

Hes talking about what I like to call the ripple effect (since ripple is the poster child for this bait and switch). The price is a function of supply and demand (obviously) but coinmarketcap conflates currency supply for actual supply on the market.

So with ripple (havn't followed ripple so these figures could be out of date) the ripple foundation owns like 90% of the currency supply (or something like that dont quote me as a ripple expert). So only 10% is actually trading on the market at any given time. So the price is a function of the supply and demand in the market where only 10% of the total supply in existance is trading. Coin market cap then proceeds to multiply the price times the TOTAL currency supply rather than the supply in the market.

My understanding with dash is master nodes who facilitate coinjoin transactions (and are compensated well for this privilege) must hold a very large dash stake in perpetuity. So in effect this supply is locked out of the market. Even though in this case its a dash cartel locking away all of the funds rather than a single monopolist in the case of ripple, its the same effect. (yes i over use parentheses)

What do you mean?
There is around 50 % less Darkcoins (6-7 mil) issued compared with Monero (12 mil) so it should be easier to pump Monero's marketcap. Each 1 dollar rise represents 12 million dollar rise in Monero's and merely 6-7 million dollar rise in Darkcoin's market capitalizations.

Honestly, and this is going to sound crazy, but I'm not sure this is right. Every time I use the client I cant help but nerd out over how awesome the command line interface is. Suppose we had instead a really well produced really highly polished short guide on how to use the command line interface easily accessible. Its not hard to use at all. There is no reason why anyone couldn't learn in a few minutes. So suppose our normal dark net market user (how ever normal one of those people can ever be) does take a few minutes to watch the short guide.

Now just picture it in your head. A normal(ish) person going on the dark net using moneros awesomely hacker flick inspired interface. Let me put it this way. If normal(ish) guys mother were watching she would think she were watching sword fish. It actually looks and feels like a prop from a movie like that. Which perfectly matches with the sort of thing our guy is actually using it for. The interface so perfectly matches the tone of its main use case (atleast right now). It distinguishes it from bitcoin as the more serious dark net tool that it actually is. When you use the monero interface you dont feel like you are using just another alt coin, and you arent, so in a way this is a good thing.

Yea ok this small barrier deters some marginal prospective users. Of course. But we shouldn't ignore the fact that it probably increases retention of those who do overcome that small hurdle. Even if a great dev supported gui did exist I for one would almost certainly continue using the command line version as long as it was still supported as well.

Just some of my thoughts, interested in yours.

You need to educate yourself on how coinmarketcap calculates marketcaps and stop being amazed by that arbitrary number.

I stopped trying to figure out why people buy broken shit a long time ago. 

Do you think thanks to her Darkcoin has a marketcap of 100 million?

As an outsider I'd suggest Amanda B. Johnson style marketing is in bad taste. It would do more harm to your cause than good.
Stay classy up there.

Damn you sold me. Ill take your finest vintage.

Eff that. We are all about understanding the power of markets here right? Let's crowd fund a bounty on the sinking of a whaling ship. Forget the greed activist fags, lets hire pirates!

AlphaBay is the biggest. Congratulations on your success.

People will discover Monero from word-of-mouth, blog posts, articles, comments etc. From services (like DNM's) accepting new payment options, and so on.  Soon the whole userbase of Oasis and AlphaBay will be greeted with a safer way for them to transact. This type of marketing is the most powerful available.

Sure you can reach 100k people in 24h with internet marketing, but out of those you would be lucky if 10 dig deeper into the subject. 99% of the viewers are average joe people that don't give a fuck about investing or why anonymity is good.

That's probably the strongest form of marketing when people tell each other their own personal user experiences to each other. Therefore, I think the best form of marketing for a product like Monero is to bring it to the lips of vloggers and perhaps also bloggers with wide audience.

Word of mouth.

Word of mouth during the early adoption stage approximates exponential growth since the rate of growth becomes proportional to the number of existing users.

How people will find Monero if there is no marketing? 

So the first wave of darknet adoption is coming with 2 confirmed markets (Oasis, Alphabay) working on implementation. The rest will follow soon once they hear about it from more users. Fuck social media, ppc and ad marketing, we don't need that. We just need the GUI asap and then the best we can do is educate darknet users about the technology behind XMR. The word will travel by itself with some small initial help.

I'm not sure who is the biggest as I don't use them personally but I believe they are one of if not the biggest from what I have read.

I am not that into DarkMarkets, are they the biggest market?

If ATH will be ever reached, I think after that there will be very little to none resistance to grow.

At some point the mining will be a resistance (around 7900 XMR/day these days). On the other hand, there is an opportunity for margin long positions which will feed the growth.

Alphabay also looking into Monero implementation

https://www.reddit.com/r/DarkNetMarkets/comments/4xuqqg/sigaint_launches_tor_monero_node_as_its_operators/d6ku1fs?context=3