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Topic: [XMR] Monero Speculation - page 1621. (Read 3313576 times)

hero member
Activity: 1874
Merit: 840
Keep what's important, and know who's your friend
December 12, 2015, 04:59:13 PM
...
Microsoft does not invest in projects that are unlikely to succeed or are led by amateurs. Vitalik is young, he has the capacity to learn. Ethereum is as revolutionary to cryptocurrency as web was to the internet.
Microsoft has had a terrible track record in many cases when it come to investing. The offer to purchase for Yahoo in early 2008 just before the 2008 market crash came to mind.

True but their experiments with Ethereum-based projects are nowhere near on that scale either (nor is Microsoft "investing in Ethereum", either the coin or the development group, as far as I know). It is just one of many things that big tech companies like Microsoft experiment with, knowing that some will pan out, some won't.

It is well known that every major bank and every major tech company has people looking at cryptocurrency and blockchains at this point, but that doesn't mean they are making big bets on it. Most are not.


Yeah, the reason why I asked about Ethereum and Ripple news stories saying Microsoft is "investing" in it for Azure, is because I was talking to my cousin earlier this week about it who works pretty high up in Microsoft and when I asked him about Ethereum, he had to really stop and think about it before realizing that they were working with things from ethereum, but not much. Microsoft is more worried at what Azure is going to do and cloud data bases before they start worrying about cryptos (atleast that's what it seemed like when talking about it to my cousin).
legendary
Activity: 2968
Merit: 1198
December 12, 2015, 04:53:22 PM
primer-, comments about an individual poster's personal appearance are off topic

dadj, comments about Ethereum especially how it relates to Monero in attempting to solve some of the same problems are on topic to a point. It doesn't matter if you think his comments are pretentious or wrong. Post your different opinion if you disagree with him, or ignore him.


Have you seen pony's pics posted around a year ago ? He looks like he lives in a dumpster, both his clothes and body need 'maintenance'  Cheesy

legendary
Activity: 2968
Merit: 1198
December 12, 2015, 04:50:01 PM
...
Microsoft does not invest in projects that are unlikely to succeed or are led by amateurs. Vitalik is young, he has the capacity to learn. Ethereum is as revolutionary to cryptocurrency as web was to the internet.
Microsoft has had a terrible track record in many cases when it come to investing. The offer to purchase for Yahoo in early 2008 just before the 2008 market crash came to mind.

True but their experiments with Ethereum-based projects are nowhere near on that scale either (nor is Microsoft "investing in Ethereum", either the coin or the development group, as far as I know). It is just one of many things that big tech companies like Microsoft experiment with, knowing that some will pan out, some won't.

It is well known that every major bank and every major tech company has people looking at cryptocurrency and blockchains at this point, but that doesn't mean they are making big bets on it. Most are not.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
December 12, 2015, 04:45:44 PM
...
Microsoft does not invest in projects that are unlikely to succeed or are led by amateurs. Vitalik is young, he has the capacity to learn. Ethereum is as revolutionary to cryptocurrency as web was to the internet.
Microsoft has had a terrible track record in many cases when it come to investing. The offer to purchase for Yahoo in early 2008 just before the 2008 market crash came to mind.
donator
Activity: 1274
Merit: 1060
GetMonero.org / MyMonero.com
December 12, 2015, 04:43:40 PM
$18 million sounds like a fortune to you doesn't it ? You run an import/export company with less than 1m annual turnover and you think you're a wiseguy.
How do I know its less than 1m ? You look cheap. Your watch costs $100 or less.

Microsoft does not invest in projects that are unlikely to succeed or are led by amateurs. Vitalik is young, he has the capacity to learn. Ethereum is as revolutionary to cryptocurrency as web was to the internet.

Gosh, what do I deal with first.

No, $18 million doesn't sound like "a fortune". It's a fair chunk of change, and given that it is the 4th highest amount raised by a crowd-funded project it is clear that it *is* a fair amount of money. To a startup that is manufacturing hardware at scale it is barely enough money to get a run going, but to a software startup with relatively low base costs it is, frankly, a fortune. There are plenty of unicorn software startups that spent a lot less than that in their first several years of existence, much less the first year.

As to your comments about me and my company: not only do you not know me, have never met me, know nothing about my life and my businesses, but you are arguing a point that is not up for discussion. See: https://yourlogicalfallacyis.com/ad-hominem. Try an actual argument instead of a logical fallacy, please.

Finally, Microsoft has not invested in Ethereum or in Vitalik. They have signed a deal with ConsenSys, which is Joseph Lubin's company. FYI: this is the same Microsoft that sunk $5 billion into AT&T, or more recently bought Nokia and then promptly took a $7.6 billion impairment charge (on a $7.9 billion deal).
full member
Activity: 178
Merit: 100
December 12, 2015, 04:39:05 PM
And we did it for a minuscule fraction of the $18 million raised by Ethereum. But I'm surely preaching to the choir here - as a CEO of a large corporation, you'd surely never let such a phenomenal amount of money be wasted, would you?

I don't think money was wasted and neither does Microsoft. Stop feeling butthurt, project you forked from the original ring signatures developers failed.
It happens. Startups/projects that don't succeed in the first two years usually fail.. Next time work harder!

Ethereum has two years to prove its worthiness, so far they are doing great!

So as a CEO of a large company you would be completely fine with what has been done with $18 million? Either your claims of being a CEO is farcical, or you're such a trust fund baby that you have no idea how to value money.

Or, as smooth said, you're shorting.

$18 million sounds like a fortune to you doesn't it ? You run an import/export company with less than 1m annual turnover and you think you're a wiseguy.
How do I know its less than 1m ? You look cheap. Your watch costs $100 or less.

Microsoft does not invest in projects that are unlikely to succeed or are led by amateurs. Vitalik is young, he has the capacity to learn. Ethereum is as revolutionary to cryptocurrency as web was to the internet.
Please take your pretentious attitude somewhere else. If you want to proselytise about Ethereum you're in the wrong thread.
legendary
Activity: 2702
Merit: 2053
Free spirit
December 12, 2015, 04:36:06 PM
A lot of conjecture. Rich people aren't rich because they spunk money.

Controlling costs is business 101 not no longer  an problem when you are successful.

The art of business is scaling up without spiraling costs.

legendary
Activity: 1092
Merit: 1000
December 12, 2015, 04:32:54 PM
And we did it for a minuscule fraction of the $18 million raised by Ethereum. But I'm surely preaching to the choir here - as a CEO of a large corporation, you'd surely never let such a phenomenal amount of money be wasted, would you?

I don't think money was wasted and neither does Microsoft. Stop feeling butthurt, project you forked from the original ring signatures developers failed.
It happens. Startups/projects that don't succeed in the first two years usually fail.. Next time work harder!

Ethereum has two years to prove its worthiness, so far they are doing great!

So as a CEO of a large company you would be completely fine with what has been done with $18 million? Either your claims of being a CEO is farcical, or you're such a trust fund baby that you have no idea how to value money.

Or, as smooth said, you're shorting.

$18 million sounds like a fortune to you doesn't it ? You run an import/export company with less than 1m annual turnover and you think you're a wiseguy.
How do I know its less than 1m ? You look cheap. Your watch costs $100 or less.

Microsoft does not invest in projects that are unlikely to succeed or are led by amateurs. Vitalik is young, he has the capacity to learn. Ethereum is as revolutionary to cryptocurrency as web was to the internet.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
December 12, 2015, 04:20:00 PM
...
Our unfunded little project has had 1335 commits in the 591 days since we took over as stewards. In that time our 32 contributors have added 283 704 new lines of code, modified 17 388 lines of code, and removed 1056 lines of code.
...
Combined with no tagged binary release in over a year.

...
If you want to short, come to daddy    Grin
Something tells me this can be the perfect setup for a brutal short squeeze.

Edit: In this kind of market I am a strong believer in staying long and taking delivery. Taking delivery has been proven to be the most effective method of squeezing the shorts to the wall. In this case, in order to take delivery, this means compiling the Monero software from source on GNU/Linux.
donator
Activity: 1274
Merit: 1060
GetMonero.org / MyMonero.com
December 12, 2015, 04:13:51 PM
And we did it for a minuscule fraction of the $18 million raised by Ethereum. But I'm surely preaching to the choir here - as a CEO of a large corporation, you'd surely never let such a phenomenal amount of money be wasted, would you?

I don't think money was wasted and neither does Microsoft. Stop feeling butthurt, project you forked from the original ring signatures developers failed.
It happens. Startups/projects that don't succeed in the first two years usually fail.. Next time work harder!

Ethereum has two years to prove its worthiness, so far they are doing great!

So as a CEO of a large company you would be completely fine with what has been done with $18 million? Either your claims of being a CEO is farcical, or you're such a trust fund baby that you have no idea how to value money.

Or, as smooth said, you're shorting.
legendary
Activity: 1092
Merit: 1000
December 12, 2015, 04:10:01 PM
Monero community is evidently small - the evidence is the <$10 million marketcap. That does not mean we are about to die, however  Wink

If you want to short, come to daddy   Grin


Risto is Monero's MICROSOFT  Grin Unfortunately his pockets are not as deep  Smiley
legendary
Activity: 1092
Merit: 1000
December 12, 2015, 04:09:00 PM
And we did it for a minuscule fraction of the $18 million raised by Ethereum. But I'm surely preaching to the choir here - as a CEO of a large corporation, you'd surely never let such a phenomenal amount of money be wasted, would you?

I don't think money was wasted and neither does Microsoft. Stop feeling butthurt, project you forked from the original ring signatures developers failed.
It happens. Startups/projects that don't succeed in the first two years usually fail.. Next time work harder!

Ethereum has two years to prove its worthiness, so far they are doing great!
donator
Activity: 1722
Merit: 1036
December 12, 2015, 04:05:03 PM
Monero community is evidently small - the evidence is the <$10 million marketcap. That does not mean we are about to die, however  Wink

If you want to short, come to daddy   Grin
legendary
Activity: 2968
Merit: 1198
December 12, 2015, 04:01:19 PM
Cry me a river pony, Vitalik's project is alive and kicking, yours is about to die soon. 2 years of development and you couldn't code a simple wallet GUI.
Once ethereum developers create ring signature dapp monero will die for good.


Well, your immediate emotionally driven post

Maybe emotionally driven, and maybe he is shorting.
legendary
Activity: 2968
Merit: 1198
December 12, 2015, 03:58:09 PM
illodin, your comment did not add to the topic of the discussion and was deleted (along with the reply quoting it).

He was speculating on if and when another pump might happen.

His post did not in any way address when another pump might happen. That would be on topic at least. It is still there is anyone wants to read it.

I see you have not responded to my request that you document your alleged Vitalik quote. If you can't do so it will be deleted.

donator
Activity: 1274
Merit: 1060
GetMonero.org / MyMonero.com
December 12, 2015, 03:51:16 PM
...

Could you please fix the links in the quotation. Thanks

Edit: Here is the original Reddit post with working links. https://www.reddit.com/r/tech/comments/3wgcrz/the_ethereum_computer_securing_your_identity_and/cxwe78p?context=3 Thanks to dEBRUYNE

Fixed

Cry me a river pony, Vitalik's project is alive and kicking, yours is about to die soon. 2 years of development and you couldn't code a simple wallet GUI.
Once ethereum developers create ring signature dapp monero will die for good.


"Alive and kicking" only because it created $18 million in bagholders.

Our unfunded little project has had 1335 commits in the 591 days since we took over as stewards. In that time our 32 contributors have added 283 704 new lines of code, modified 17 388 lines of code, and removed 1056 lines of code.

And we did it for a minuscule fraction of the $18 million raised by Ethereum. But I'm surely preaching to the choir here - as a CEO of a large corporation, you'd surely never let such a phenomenal amount of money be wasted, would you?
hero member
Activity: 1874
Merit: 840
Keep what's important, and know who's your friend
December 12, 2015, 03:43:53 PM
Cry me a river pony, Vitalik's project is alive and kicking, yours is about to die soon. 2 years of development and you couldn't code a simple wallet GUI.
Once ethereum developers create ring signature dapp monero will die for good.


Well, your immediate emotionally driven post to fluffy's counter argument shows me that you don't necessarily want to weigh out the options and discuss your view point in a mature manner.  Plus it's pretty obvious you didn't even give fluffy's reasonings any chance.  You just seem to be another FUD troll,  and don't bring up any legitimate arguments for your reasoning in wanting to "defend" ethereum.

I'll try and take some time and look at all the links, thanks for the post fluffy.
legendary
Activity: 1092
Merit: 1000
December 12, 2015, 03:42:53 PM
...

Could you please fix the links in the quotation. Thanks

Edit: Here is the original Reddit post with working links. https://www.reddit.com/r/tech/comments/3wgcrz/the_ethereum_computer_securing_your_identity_and/cxwe78p?context=3 Thanks to dEBRUYNE

Its easy to confuse clueless retards at /r/tech , I'd love to see him post that in /r/ethereum
legendary
Activity: 2282
Merit: 1050
Monero Core Team
December 12, 2015, 03:28:26 PM
...

Could you please fix the links in the quotation. Thanks

Edit 1: Here is the original Reddit post with working links. https://www.reddit.com/r/tech/comments/3wgcrz/the_ethereum_computer_securing_your_identity_and/cxwe78p?context=3 Thanks to dEBRUYNE

Edit 2: Links in the original quotation are now fixed.
legendary
Activity: 1092
Merit: 1000
December 12, 2015, 03:23:05 PM
Cry me a river pony, Vitalik's project is alive and kicking, yours is about to die soon. 2 years of development and you couldn't code a simple wallet GUI.
Once ethereum developers create ring signature dapp monero will die for good.
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