Topic: [XMR] Monero Speculation - page 1524. (Read 3313576 times)

https://news.bitcoin.com/meet-top-3-coins-cryptocurrency-anonymity-race/ Yeah I missed the "disclaimer", but I see your point. Ouch!

Stopped reading right there.  You know it's going to be misinformation from that point on.

The content of such PR pieces is not unusual (if still highly biased), but I'm not aware of other cases where there is an explicit statement falsely claiming to be unaffiliated with the businesses [sic] mentioned in the article and at the same time deliberately excluding Roger Ver's name from the list of Zcash investors in the Wired article cited as a source.

That goes beyond even the usual level of hidden conflicts to explicit false statements and obviously selective omission.

https://news.bitcoin.com/meet-top-3-coins-cryptocurrency-anonymity-race/ is in reality a thinly disguised press release since Z.cash unlike Monero and Dash, has not been tested in any way by a market trading the actual currency. There is simply no objective basis to claim that Z.Cash is one of the top three.   

None of which addresses the unethical statements and omissions in the bitcoin.com post about Zcash.

You can borrow Moneros from me for shorting purposes. I am willing to lend coins up to 60+ days and renew them if needed against a sufficient collateral.

In fairness to Roger Ver my take is that he was duped. If one wants to scam a community with a strong Libertarian and Austrian Economics / Hard Money constituency I can see why making the US Government and the traditional banks the fall guys would make a lot of sense. Mark Karpeles played this game very well and fooled a lot of people out of their money.

Edit 1: As for Z.cash the biggest issue I see is not Roger Ver as a person but rather their using a portion of the emission to repay their investors, which could easily make Z.cash a centralized virtual currency under FinCEN regulations and the Zcash Electric Coin Company an MSB. Of course the guidance was published close to three years ago https://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html but I am sure one can make the US Government the fall guy again when things go wrong. This did after all work for a while for Mark Karpeles.

Edit 2: Roger Ver went to great lengths to renounce his US citizenship so I would not be surprised if the Mark Karpeles spent a lot of time explaining to him how the "evil" US Government was behind the actions of the traditional banks.

Roger Ver is a self-serving used car salesman. For those in any doubt ....

https://www.youtube.com/watch?v=UP1YsMlrfF0


His involvement with Zcash is a huge red flag for the ethics of the project

Most likely cheaper, but hopefully not for too much longer 

Yes. There are a host of scenarios where Monero could fail causing its purchasing power to plummet a la Zimbabwe; however the tail emission is not one of them. 

The Monero tail reward will start at <1% inflation and slowly (over decades/centuries) decline. There will be no Zimbabwe scenario based on emission although there could be goods price hyperinflation due to the value dropping if the project fails for technological, social, and/or economic reasons.

The number of interest is the ratio of the total coins in of the emission per effective 10 min block to the total coins in circulation. Also in the case of Monero one cannot calculate the emission exactly because the blocksize increase penalty slows down the emission before the tail emission is reached. Estimates are of course possible.

Edit: During a period of increasing blocksize, fluctuation is the blocksize could have a significant impact in curtailing the emission rate, thereby delaying the onset of the tail emission. This could happen during a period of rising prices if the experience of Bitcoin is any example. The market implication of this remains to be seen, suffice is to say that I would not like to get caught "short" Monero under a scenario of rising prices coupled with a restricted emission due to blocksize penalties.

Hey can someone calculate when they will reach parity?  As in, the emission per 10 minutes will be the same?

Low reward is good for controlling inflation

We don't wan't XMR to be a Zimbabwe currency

The above discussion regarding the XMR block reward shows why Monero's tail emission is so important. The critical value is 0.6 XMR which will be the tail emission after the current hard fork process is completed in the nest few months. The equivalent for 10 min blocks is 3.0 XMR. The real question to ask here is when will the Bitcoin inflation rate fall below that of Moenro? (Next emission changes are 12.5, XBT (about a year) 6.25 XBT (about 5 years) 3.125 XBT (about 9 years) 1.5625 XBT (about 13 years) Ouch! ...

This is why the tail emission addresses the "fee pressure/market" issue that is required to maintain security in Bitcoin. It also explains why so many of the Bitcoin core team are so concerned about increasing the blocksize. Thy fear quite rightly that without a way to force larger fees by keeping the blocksize small Bitcoin will become insecure.

Monero does not have this problem and can allow the blocksize to scale based on a fee market by using the Cryptonote penalty formula. My take is that this fee market will set the total fees collected per block based on the emission and the rate of change of the blocksize. This means that Monero does not need to compromise growth in order the have security.

The real value of Monero will become apparent with time, which is why Monero has attracted many that are in it for the medium to long term.

Doesn't seem failing to me, every day there are more people joining the community, new projects, future goals being met. But you can see it however you like.

In fiat terms it would seem Monero is steadily moving up. The bottom in late 2014 early 2015 was 25 cents. During the last decline, there was a sticky point between 0.45-50 cents. Now we seem to be reevaluating where the price will next sit.

Sure, because its a failed experiment, 3-5months from now once ETH Ring signatures dapp is live it will be even cheaper

Monero never was a get rich quick scheme, I always felt the high emission was to stave off pumps and make it so that there is a long fair period of "early adopter advantage" - The result is that everyone coming along now can get Monero almost as cheaply as someone that found Monero in 2014.

Yes exactly:

Lmao, because thats what we were talking about here? gtfo idiot