Topic: [XMR] Monero Speculation - page 1615. (Read 3313576 times)

I think people who hold bitcoin over the long-term are going to find that it stores value very well.

And I look forward to making a chart like this for Monero in five or six years.

As far of 'store of value', I feel pretty confident in holding savings in Monero from 40 to 60 cents. 
 
It would be pretty insane for the price to drop below the 35 cents range, and there is a good chance that demand (and thus price) will increase over time. 
 
Therefore Monero makes quite a nice money store at the moment, with the potential for significant gains as we go.

Store of value means: you invest today 10 euros into an asset and tomorrow you are able to sell the asset for 10 euros. Therefore the requirement for a store of value is stability at least at some degree.

I don't think you know what store of value means.

I agree more with digicoin, in the future you can look at bitcoin as an storage of value, in the current state is far from it, it is still to risky to put money on bitcoin, you dont know if it will stay down or up tomorrow, and the change is huge on everyday basis... even knowing that the bitcoin is extremely undervalued, but it shouldnt be seen as an way to store value, at least for now... the advice that i give to all my friends is  "buy bitcoin, even 10€, but be aware that it can lost his value"

If Bitcoin is a speculative store of value so is gold and silver. Bitcoin both has a limited supply by definition and a clear utility and is therefore a store of value.

Fiat currencies don't have a limited supply and are therefore not a store of value.

The wheat trade was amazing.  Took a lot longer than expected, and required one double-down but this morning it paid heavy.
The XMR trade is similar, methinks, albeit on a longer time scale.  Perhaps it is almost time to double-down again.  Give me 0.40 one more time, please?

I'm also not sure why you used the example of BitReserve, which is called Uphold now. Isn't it about transmission rather than either speculation or value storage?

Please explain "store of value" to that Bitcoin class of 2014-2015

You mean speculative store of value? I ever said that it is not store of value by traditional conventions. There is quite a few people in the world using bitcoin as store of value. All of them are speculators. That's why BitReserve exists.

In Bicoin - a payment network, bitcoin doesn't need to be a store of value, it is a medium of exchange. I think that many people are confused here.

It is too soon to say if bitcoin can become a store of value. I agree that store of value may be the most important utility in bitcoin in the future. But not now. Bitcoin's user base and network effect is simply too small.

Not even. The first one I know about was sixdegrees, around five years before friendster. That had > 1 million users before the other sites existed. The main thing that happened is the others grew faster.

I completely disagree. Store of value if by far the most important utility. Payment network is not important. A method to transfer wealth is important (but doesn't need to be fast and is fine to do for larger amounts).

If Monero gets traction it's because of the anonymity feature.

Yes I'm in favor of 1 MB Bitcoin blocks.

I know, but that doesn't mean they can flip before a breakout.

MACD is a lagging indicator

Depends on the timeframe, but most MACDs flipped before the little breakout.

What came first - The trading or the MACD 

There is surprisingly little end to the pride of many BTCers re: the first mover advantage. They quote TCP/IP was first and is still indispensable, but forsake Altavista and many other examples in the user layer. I don't claim to know the answer but not hedging the bets is folly, especially concerning how easy it is.

Interesting read https://www.reddit.com/r/Bitcoin/comments/3x5545/oleg_andreev_bitcoin_is_a_much_better_store_of/

I do believe that small blockers underestimates the role of a payment network (its first utility) in Bitcoin. They may think that Bitcoin network effect is big enough to make bitcoin a currency. And now payment network would not needed any more. Instead, they would build it as a settlement layer.

It is quite overly optimistic view. Bitcoin world is full of speculators who see bitcoin a speculative store of value. But speculative store of value is NOT store of value. It reminds me of Holland Tulip. Also, small amount of speculators do NOT refect long term and sustainable network effect

If small blockers ignore the role of payment network in Bitcoin too soon, people may have to find another cross-border, friction-less, cheap, fast and decentralized cryptocurrency to rely on.

Bitcoin is the first mover. But that advantage is not big enough if it slows down and pivots. In our history, Friendster was the first mover and failed as it could not scale to support its first utility: to host as may people as possible. Friendster users were unhappy because it was slow and down all the time. MySpace was the most crowded (biggest network effect) social network and failed because of lack of innovation, culture clash and making users unhappy.

In our social media, there is nothing that is too big to fail. I hope that Bitcoin can draw more users to cryptocurrency revolution. After that, Bitcoiners need to be more careful. Switching cost in cryptocurrency is not that high. BitPay, Coinbase ... can add any coin they want.

Monero 0.9 release will be big because it will make users happy

Happy holidays ShenNoether and thanks for all you hard work!

Another update from ShenNoether (NobleSir) regarding Confidential Transactions (CT) for Monero:


All updates & links are in this thread:

https://www.reddit.com/r/Monero/comments/3pw30d/ringct_for_monero_updated_versions/