Topic: [XMR] Monero Speculation - page 1239. (Read 3314316 times)

$6.50 for a cup of coffee?  I thought you were frugal

I drink tea at $0.03 a cup.  Not long ago that difference would get you 25 Moneroj.  I can't believe 1 Monero was 5 and is now 40 deposit bottles.

Where do you think this poor boy got all his Moneroj?


Oh look, 29k sell wall at 301999/302000 

@TC: Sorry - I should have made my point more clear. If a person has 0.5 BTC and they can buy Dash or Monero, they'll get more Monero (I believe the price will will rise, so it's an even better buy long term) than they will Dash, and they'll be getting a superior coin. That's what I meant by a double-win. I understand that at the point of purchase, the opportunity cost is the same. The differences are in the long term and in the amount of privacy you get.

I believe it is inevitable.

What Peter Todd refers to as Dash's "bad crypto" will be broken eventually.

And the law will catch up with Duffield, especially if he keeps soliciting non-accredited investors with his "8-15% return on your money in the bank" HYIP at get-rich-quick seminars.

Dash will collapse from its own internal contradictions, including the security/privacy/decentralization theater.

Monero is only going up and is unstoppable, absent some fundamental new crypto discovery-based flaw that cannot be fixed.

When the GUI + Multisig + RingCT trifecta hits, the world will never be the same.  100% fungible e-cash will usher an era of egalitarian financial sovereignty, as Monero democratizes access to goods/services/privileges previously reserved for 0.01%-er plutocrats.

If you use Monero or any other crypto for transactions you do not care about the price.
If you want to buy a cup of coffee for 6.5 usd but pay with bitcoin, you do not care if they price of btc is 650 usd/ btc or 6.50 usd/ btc since you buy it at the same price from the markets that you spend it on coffee.

I do. But even if it doesn't happen (unlikely, esp after GUI wallet release), privacy seekers will enjoy getting more of a superior coin (Monero) for less money. It would be a double-win for them.

Do you think it is possible to reach the parity with Darkcoin (marketcapwise)?

There is no more "Darkcoin."   

They abandoned the brand, its supporters, and its emphasis on privacy in favor of shiny new fads like instant tx and DAO claptrap.

XMR is now ~50% of Dash's cap and the trend indicates this capital diffusion will intensify.

On the important basis of liquidity, the two coins are neck and neck as far as which one has more buy orders and overall trade volume.

I really doubt this. Most users will use mixers and such to improve Bitcoin's anonymity rather than guess again based on marketcap (most of dash's base want huge paydays for minimal re-investment via masternode rewards, they are not people who care about privacy)--those who actually care will take the time to research and will find Monero (eventually). Given how much time you've spent here TC, you'd think you'd pick up on how much more privacy conscious Monero's base is when compared to other coin's base users (and this is the advantage that lets Monero enjoy things like stack exchange approval and technical debates that don't get lost in moonspeak).

I'm sure some will have the coin market cap in mind when searching for a coin, but I think a larger set of seekers will make a few google searches for "most private coin" or "most anonymous coin" and make their decision based upon what they find there. So, for their sake if their search brings them to this thread, I'll say this:

Any coin that uses masternodes (or supernodes or any semicentralized node) to mix your coins (Dash, Darkcoin) is at least semicentralized and if the same entity (government, hacker, etc) owns the series of nodes used to mix your coins, they can trace your transaction, making that transaction non-anonymous and traced (this also can be said of TOR traffic, but not I2P traffic, see https://geti2p.net/en/comparison/tor). Whereas Monero is 100% decentralized and therefore not subject to such tracing.

Thinking of using BTC mixing services? Those can't guarantee 100% untraceability since all BTC transactions are in the public ledger. They can only highly obscure the transaction. Now there are specialized companies whose speciality is tracing BTC transactions. As they get better at what they do and as technology progresses, "highly obscure" transactions today could become relatively easily traceable in the future...and that would affect ANY past transaction since all transactions are on the blockchain. See https://www.elliptic.co/law-enforcement/  for one example.

Thinking of using Zcash? That has several problems, including that it requires a trusted setup. You can see the list of problems here: https://blog.okturtles.com/2016/03/the-zcash-catch/
Monero does not have a trusted setup and is not affected by any of the shortcomings mentioned in the above link.

Only cryptonote coins (Monero is the clear leader) are untraceable, private, fungible, and secure. If you're going to use a private/anonymous coin, use the best. Use what will actually keep you untraceable and private.

@smoothie check your signature, the YouTube video linked is no longer available.

Agreed. It would be nothing for a govt entity's budget to buy at least hundreds of master/supernodes. Any transaction that went through a series of nodes owned by that entity would allow the entity to trace the transaction. That's a lot of ongoing intel for the agency for a relatively small expenditure. People who use those coins in the hopes of remaining anonymous are playing russian roulette with their privacy.

It would be so much better for those users to use Monero since it's 100% decentralized and uses ring signatures to ensure privacy and untraceability. If you're going to use a privacy coin, use one that really works and isn't subject to entity infiltration by buying up centralized mixers.

I'd be shocked if a govt entity hasn't already done this with master/supernodes.  

If you are newbie to crypto (and not tech savy) you quite fast discover btc transactions are public, then you might look for an alternative and you go to coinmarketcap and see Darkcoin (and you hear it all over as well). That's the exact reason why Darkcoin will be picked instead of XMR, most people will not research fully and they are satisfied with easy solution.

Therefore it is crucial to have higher marketcapitalization than Darkcoin IMO so that Monero will be the easy solution.

Darkcoin is non-anonymity. Given the ease of subbornment I would be amazed if the supernodes were not NSA pwned at this point.

The problem with this thinking is that the people who have seen this "soon" mantra for the GUI for 2 years are not the only people in the world who can and will take an interest in monero, should the time be right and fruitful and all the cards line up in the global financial world to cause people to run to other assets than fiat funny munny, monero will have a sunny day.

LOL @ "more anonymity"

What is your basis in a technical discussion to make such an astute assertion?

That might be true... I think not many think GUI will be ready since it has been in the "soon"-list for 2 years already. We will see if it gets done, what kind of pump it will cause (or if there is no hype it will not cause a pump at all).

If someone wants more anonymity, they will choose Darkcoin instead I am afraid unless the marketcap will not exceed it and stay above it for ever.
I think the low volume is a sign nobody knows what to do and are waiting for some bigger movement up or down. After all, the support is in low 0.002's - there is pretty thin support around these levels.

I certainly support the price staying in this narrow range for as long as possible.

Build a base and then see what happens.

I foresee a global financial meltdown to start in the coming months and carry and echo through years to come.

in 2008 Bitcoin did not exist neither did Monero, so if they did back then how they exist now, any global financial woes would propel them higher.

The house of cards is falling down.

They dont "seem to care"....yet.

Out of sight out of mind.

Two Buck Chuck has shown some incredible persistence, but the volume has declined quite a bit so I think that there just isn't a lot of motivation to dump further or bid it up.  It is what is commonly known as a volatility squeeze and so far these have been resolved upward, with an impulsive move.