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Topic: [XMR] Monero Speculation - page 1646. (Read 3313576 times)

legendary
Activity: 2282
Merit: 1050
Monero Core Team
November 10, 2015, 01:01:30 AM
I would split the dollar into two very different types of money.

1) Cash
2) Debits and credits on a database held by "trusted" third parties. This includes bank accounts, credit / debit cards, funds on deposit with an exchange such as Mt Gox or Cryptsy etc.

2) Of course can also apply to the other forms of money in the diagram such as Bitcoin, Monero and gold.

hero member
Activity: 770
Merit: 504
November 10, 2015, 12:01:34 AM


but I do believe that cash is not digital.. i mean I guess it is? Maybe? some form of it?
 
  
Yeah, I meant credit cards.  Ok, so I should change the hard dollar to a credit card, but it's still based on dollars which was my point.  

Maybe leave the dollar half-in/half-out of digital to illustrate that it can't be digital and private?
 
  
I am thinking of replacing it with a credit card and putting quote symbols around it to show it is "kind" of private.  Perhaps then the actual dollar goes down into the "private" bubble by itself because it's not decentralized or digital. 
 
Perhaps the term of wasta would fit into the category of just decentralized and no others.  After all, if you have a reputation for being generous with your time and resources that might not be directly controlled by anyone but it sure can't be private.   
 
As for what would be digital without being the other two?  That would be a large and centrally controlled register of property that anyone can view - I suppose owning large amounts of stock in a company would qualify as this.  You have to publicly disclose all your moves to the public and so its not private or decentralized. 
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
November 09, 2015, 11:44:28 PM
Add a credit card on top of the dollar. Or swap it out completely. Also and you could add fungible in the gold / xmr center. MEh, CC not private but neither is cash.
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
November 09, 2015, 11:32:51 PM
i may or may not fully understand union sets

https://en.wikipedia.org/wiki/Union_(set_theory)

but I do believe that cash is not digital.. i mean I guess it is? Maybe? some form of it?

Maybe leave the dollar half-in/half-out of digital to illustrate that it can't be digital and private?
legendary
Activity: 1260
Merit: 1008
November 09, 2015, 11:25:43 PM
i may or may not fully understand union sets

https://en.wikipedia.org/wiki/Union_(set_theory)

but I do believe that cash is not digital.. i mean I guess it is? Maybe? some form of it?
hero member
Activity: 770
Merit: 504
November 09, 2015, 11:03:25 PM
Hey guys, here's a rough sketch of a piece I'm working on.  I plan to eventually make some video game tie-in art based on this graphic.  Do you have any suggestions to improve the data here?  For example, are they things we can put into the blank spots?  I know the dollar really isn't "private" but the argument can be made that no money that obeys a central authority is truly private, and the dollar is private so long as those who control it don't wish to break your privacy.  
  
sr. member
Activity: 414
Merit: 251
November 09, 2015, 09:16:22 PM
Every day when I wake up I hope to hear an announcement about 0.9.  One day my dream will come true.
legendary
Activity: 1498
Merit: 1000
November 09, 2015, 05:47:37 PM
I do think it XBTUSD is looking bullish intraday again.  I would require some convincing on a daily basis, however.
Bulls walk up stairs, bears jump out of windows!
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
November 09, 2015, 05:30:30 PM
I do think it XBTUSD is looking bullish intraday again.  I would require some convincing on a daily basis, however.
legendary
Activity: 1498
Merit: 1000
November 09, 2015, 02:06:38 PM
Yeah, things are looking extremely good for XMR right now, in mark-to-fiat terms.  In mark-to-btc terms, it is looking even better, as my monkey expects two weeks of continuing XBTUSD weakness.

Actually BTCUSD at Stamp gave a very powerful buy signal hours ago in the 2h chart. Bottom was 353 IMHO...
legendary
Activity: 2604
Merit: 1748
November 09, 2015, 01:44:45 PM
Yeah, things are looking extremely good for XMR right now, in mark-to-fiat terms.  In mark-to-btc terms, it is looking even better, as my monkey expects two weeks of continuing XBTUSD weakness.


WRT longer term than two weeks.... does Monkey think the high 10s was the absolute bottom...?

And can Monkey see the 0.002Xs (or better) returning as a trading range soon...

I hate to presume and ask the oracle too many questions, but can't resist as he is seemingly feeling positive.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
November 09, 2015, 01:11:20 PM
Yeah, things are looking extremely good for XMR right now, in mark-to-fiat terms.  In mark-to-btc terms, it is looking even better, as my monkey expects two weeks of continuing XBTUSD weakness.
legendary
Activity: 1008
Merit: 1001
November 09, 2015, 04:41:36 AM
Monero is picking up some volume again, very nice to see the growing at polo  Grin
legendary
Activity: 1106
Merit: 1000
November 09, 2015, 04:08:48 AM
What is "mini-chain"? I saw it under "Recently Completed".
legendary
Activity: 2282
Merit: 1050
Monero Core Team
November 08, 2015, 11:33:22 PM
Refresh my memory.  What are the goal posts for a 0.9 release vs. a 1.0 release?  
  
Will we see the fabled "four" core libraries of Monero form in the 0.9 release making wiring up the GUI after that trivial?  Or will 0.9 just pave the way for us to finally realize those four major sections of competency.    
  
I wish there were some way to see a *very* broad overview of the software goals, and then be able to explore down into more and more detail as I wish to learn more.

From the design and development goals, https://getmonero.org/design-goals/ I would say everything under "Recently Completed" for 0.9.

Edit: That will not include Libraryize (core / account / consensus / RPC)
hero member
Activity: 770
Merit: 504
November 08, 2015, 11:23:56 PM
Refresh my memory.  What are the goal posts for a 0.9 release vs. a 1.0 release? 
 
Will we see the fabled "four" core libraries of Monero form in the 0.9 release making wiring up the GUI after that trivial?  Or will 0.9 just pave the way for us to finally realize those four major sections of competency.   
 
I wish there were some way to see a *very* broad overview of the software goals, and then be able to explore down into more and more detail as I wish to learn more.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
November 08, 2015, 11:12:44 PM
...

How are you supposing the XMR price is linked to the blocksize debate in Bitcoin?

Not yet. XMR is too far "below the radar" at this point; however a significant move in the XMR price say after 0.9 is out combined with a blow-up on the Bitcoin side and all bets are off.

Edit: XMR does not have a blocksize issue. It is the main reason I invested in XMR in the first place.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
November 08, 2015, 11:04:33 PM
...

And sorry haters. I speculate that monero is gonna run into a wired situation that no one wants to sell monero for these cheap prices. What happens then?

Price will have to rise until there are sellers willing to sell. My take is that what is holding Monero at these prices is a host of "unfinished business" starting of course with the 0.9 release. What is potentially very dangerous for the shorts at these prices is that this "unfinished business" is slowly being addressed.

Then there is of course the whole blocksize debate in Bitcoin. The degree of denial in the Bitcoin community about this is just mind boggling.

How are you supposing the XMR price is linked to the blocksize debate in Bitcoin?
legendary
Activity: 2282
Merit: 1050
Monero Core Team
November 08, 2015, 11:03:41 PM
...

And sorry haters. I speculate that monero is gonna run into a wired situation that no one wants to sell monero for these cheap prices. What happens then?

Price will have to rise until there are sellers willing to sell. My take is that what is holding Monero at these prices is a host of "unfinished business" starting of course with the 0.9 release. What is potentially very dangerous for the shorts at these prices is that this "unfinished business" is slowly being addressed.

Then there is of course the whole blocksize debate in Bitcoin. The degree of denial in the Bitcoin community about this is just mind boggling.

Why are you so pessimistic about Bitcoin's blocksize debate? Clearly both sides have a huge incentive to arrive at a compromise.

Because I have followed this issue since early 2012, and I have observed the quality of the debate get a lot worse during since then.
pa
hero member
Activity: 528
Merit: 501
November 08, 2015, 10:55:49 PM
...

And sorry haters. I speculate that monero is gonna run into a wired situation that no one wants to sell monero for these cheap prices. What happens then?

Price will have to rise until there are sellers willing to sell. My take is that what is holding Monero at these prices is a host of "unfinished business" starting of course with the 0.9 release. What is potentially very dangerous for the shorts at these prices is that this "unfinished business" is slowly being addressed.

Then there is of course the whole blocksize debate in Bitcoin. The degree of denial in the Bitcoin community about this is just mind boggling.

Why are you so pessimistic about Bitcoin's blocksize debate? Clearly both sides have a huge incentive to arrive at a compromise.
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