Topic: [XMR] Monero Speculation - page 1495. (Read 3313576 times)

This was mine but I never expected it to hit 30 so fast!



HA! right! Eth is actually copying shadowcoin. LMFAO

I meant price support really - I would like to see 300K hold and not lose the gains of this rise, but we shall see.

I see ETH as Blockchain 2.0 while XMR is Bitcoin 2.0 (and Maid as VPNcoin 2.0  ).

"The Problem" comes with the territory.  Because blocksize isn't The Problem; this is The Problem.

If Monero achieves Bitcoin's Tall Poppy Syndrome inducing level of success, expect the same kind of attempts at governance coups and contentious hard forks.

Zcash despite the planned dev min and serious setup security problems is a much more credible threat than ETH for XMR right now.

Can it be done? Certainly.  That is a demonstration of the capability of the ETH platform.  Will it be done? Probably.  Lots of folks throwing stuff against the wall.  Is it a threat to XMR's value proposition?  Not hardly.  There are other, vastly greater threats to that, in comparison to which ETH apps are negligible.

ETH as a platform can be used to build currencies. Currencies require, at their core, a global consensus on the distribution of the money supply, and that is the function that ETH aims to offer in a general-purpose platform. It maybe an expensive, complex, and in some ways undesirable way to do it, but it certainly can be done. If something becomes dominant enough, it will be used regardless of its structural weakness and costs. A lot of computing is still done in Windows. This is all an extreme long shot though, but since we are all about speculation here, that's a long term one with >0 probability.

Looks like I may have been right - just a couple of weeks early.   

The rise in Ethereum has in my opinion as much to do with Bitcoin's problems than with Ethereum itself. The market is looking for an alternative to Bitcoin. People are looking for alternatives that do not have "the problem" https://bitcointalksearch.org/topic/alternative-coin-to-bitcoin-without-the-problem-1388381. Ehtereum is not an alternative to Bitcoin, simply because it is designed to do something else entirely. It is Ethereum 1.0 not Bitcoin 2.0. Monero on the other hand does not have "the problem" and is designed from the ground up  as a possible replacement for Bitcoin, so it could be called a true Bitcoin 2.0 coin. The market of course will have the final say.

I don't see that as a competitive advantage for ETH relative to XMR.  All the things that make ETH valuable are actually impediments to fungible liquidity.  At the moment XMR is benefiting from BTC hedging on fear regarding blocksize controversy, and on diversification flows from ETH profit-takers.  But those effects will blow past as the events recede.  The long-term value proposition of XMR is currency, and is quite unrelated to that of ETH. They just aren't comparables. ETH is a platform, not a currency -- by design is profoundly ill-suited to use as a currency.  You don't buy stuff with CPU cycles.  You don't keep your savings in AWS units.  

 
 
Which will create a positive feedback loop.

The slower the better as far as I am concerned. Or more to the point, the less tradable volatility the better.  It makes it so much easier for random people to hold, and encourages currency use, as well as reserve demand.  We need more market makers as things heat up, to smooth the curve.

I disagree on that point. What has been 'cloned' is a cryptographic primitive. Monero does not have a "mixer", so the design is entirely different. If anything what was created for ETH is closer to SDC than XMR (doubly-so once ETH switches to proof-of-stake).

However, I will agree on your broader point that if ETH grows sufficiently (say two orders of magnitude from where is now) then it will become the de facto blockchain platform on which everything else is built, and that will include privacy-preserving systems such as Monero.

That's a "big if" though. While ETH appears to be gaining momentum at the moment, the vast majority of systems that attempt to grow by two orders of magnitude stumble and fail at some point.


The hash rate on Monero has not been "dwindling" (and the other "cryptonote chains" don't matter), it has been quite stable. While there is a lag, if the price holds up where it is now the Monero hash rate will certainly increase a lot.

Thank goodness - can you imagine if Monero was backed by a 19 year old kid and his corporate board of directors? I wish them all the best on future decision making, will be sad to watch the community disillusionment as they realise how unimportant the community is to Ethereum. But don't worry - they'll pivot and put community voting in the blockchain with some complicated voting system that is broken in so many ways, and everyone will just accept it because said kid is a "genius among geniuses" and everyone daren't argue with that!

I can provide Windows binaries if anyone wants them.

is monero ever going to catch up to eth, eth seems to always be like a rocket ship while xmr is making relatively slow gains.

I beg to differ, read my post here:

https://www.reddit.com/r/Monero/comments/492txo/vitaliks_new_blog_post_implications_for_monero/d0ol2fh

Your arguments are pretty flawed, I currently got no time to comment on it but I will write a more detailed reply tomorrow.

https://youtu.be/N1NupxasQWs

I think if anything, it would be the other way around. Ethereum has essentially cloned Monero at this point.

https://github.com/ethereum/pyethereum/blob/serenity/ethereum/ringsig.se.py

Basic stages of course, but concept is solid nonetheless.

I envision that over time, the difficulty to unearth an anonymized transaction will become greater for a ring-sig dApp than a cryptonote running on it's own seperate blockchain, and it shall make more sense for users to run dAPPS instead.. for several reasons:

1) Hashrate securing cryptonote chains is dwindling, whilst ETH is increasing,
2) tx volume on cryptonote chains are dwindling, whilst ETH looks set to rise, various monetization facets of the chain means there should be constant demand for gas-consuming contracts . Legitimization of ETH is a good thing. Holding ETH is not inherently standout, whilst holding a coin dedicated to private transactions. is more 'suspicious'. It might be sad that things are this way, but that's a reality.. with XMR, BBR etc you are actually have quite a small circle of users. If ETH gets more traction your ring sig swap might be a drop in the oceon
3) If/when the introduction of p2p decentralized ETH exchanges takes off, like etherex the risk of co-opting a centralised exchange becomes lower. This is a major weakness for Monero, boolberry et al right now, who have a more or less single point of failure from US based exchange subject to the whims of regulators and agencies there


tl;dr if ETH continues to gain mindshare and implements a working ring-sig dAPP on Serenity, the need for a seperate cryptonote coin (and seperate mining securitization) becomes less pronounced

This is especially important if BTC begins to lose ground to ETH, in which case the ability to both hold and mix the same token directly through a dAPP is much more sensible than what is happening now, sending btc to poloniex to trade for xmr and being exposed to extra pricing fluctuations

Actually this might be only the accumulation/distribution zone before the next leg up, where Risto says.

There is a chance that we will close the day in the future at around 0.0068593 (so we could spike up to 0.01).

Yeah, I can confirm it; he has more info on his thread and a detailed diagram for his subscribers.