Topic: [XMR] Monero Speculation - page 1676. (Read 3313576 times)

Come on man you can live more than 60 more years even if you are 100 already. Eat right and exercise. I plan to live at least 200 years myself. With your Monero you can buy top notch doctors, and personal trainers.

In 60 more years, hopefully I will be dead. Whether or not this BTC/XMR thing goes up is just a game.


I love cryptocurrency, guys, but I'm laying my treasure elsewhere.

All that costs is a 6 pack.

Those are all great ways to spend Monero. I was was more curious about HOW he found new merchants.

You can buy nice paints with 10% discount if you pay using xmr:
https://en.reddit.com/r/Monero/comments/3pntqw/lukes_painting/

You can get phisical coins with xmr:
https://www.cryptonic.net/

You can donait xmr to many comunity members doing something pro- monero, for examples,
http://moneroblocks.eu/
https://moneroexamples.github.io/python-json-rpc/

and hopefully soon to tutanota:
https://tutanota.uservoice.com/forums/237921-general/suggestions/9968298-accept-monero-xmr-for-donations

Now that you mention it, there was actually a spectacular subreddit /r/dogemarket where a functional economy emerged that focused on legal items and was exceptionally well organized.  It was amazing back in 2013... Things were being bought and sold constantly, and that's where I hired some college students to do work for me.  
  
We will definitely need a kicking subreddit market like Doge had to jumpstart our economy.

You guys are goobers.  First of all, you don't need a $400,000 Monero to do that.  300 euro and a trip to any red light district in Germany will grant that wish.  
  
Second, once you get used to it, you'll inevitably look for the next rung on the ladder.

Luxury, orgies, and ego masturbation are all fun but all ultimately meaningless to a sufficient intelligence.  That's not saying don't go get some of that if you can afford it, but just don't define your life through it and don't think it will bring you a sense of fulfillment, because it won't.  
  
You will initially be swimming in heaven, but eventually your brain will adjust, and you will find yourself feeling more or less how you feel right now.  What you are really craving can't be bought on the street... It has to be earned though participating in the advancement of civilization itself.  
  
How much would you pay to know the real truth about the universe and reality? (To the extent of a human's ability to comprehend)?  
  
How much would you pay for enhanced implants that will advance you beyond even the genius of our greatest members?  
  
How much do you think another year of life is worth to a man on his deathbed from terminal cancer?  
  
What about immortality itself?  
  
Non-existence is coming for us all, whether we shield our eyes from its gaze with a hooker's thighs or not.  

How did you find people to accept DOGE (assuming they did not already accept DOGE before you contacted them). Why cant you start doing that now by recommending they use the webwallet, or unofficial GUI if they don't like the command line?

If everyone reading this could find just one person to accept Monero (for something as small as a haircut, karate or tennis lesson) it would be a good start.

That's kind of mind boggling that paper money = gets chicks.

What does XMR = ?

Gets chicks, cars, houses, ? lol

We live in a messed up world that paper buys lots of shit. 

I would get two chicks at the same time

$400k XMR. Wow...what a bewildering thought. I would invest in Regenerative Medicine, Deep Learning and Nanosystems.

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No one can give you concrete financial advice here, nor should they.  Likely, none of us are licensed to.  Personally, I would continue to buy at market rates all the way up until I owned a full 1% or until my first target order-of-magnitude hits @ $10. 
 
I am middle class with a decent, but not great salary though, so I can't see ever owning nearly that much.  Nevertheless I can't imagine owning more than a percent would be beneficial; at that point if it went where I think, that would be enough money to do anything I could ever imagine, and if I was wrong, that's as much as I'd ever want to be committed to something. 

On the contrary all charity changes the world for the better, it's just that without proper strategy, shotgun charity does so at a horrifically inefficient rate.  
  
What is needed at this moment in human development is targetted charity.  This is where I came up with my idea of a gifted and talented orphanage.  Being an orphan that grew up in one of the worst educational systems and worst poverty America has to offer, I understand all too well the frustration behind being a sharp and curious mind stuck in an unfortunate situation.  
  
I want to globally seek out children who display exceptional intelligence and abilities and give them chance to move to a first world country and be schooled in one of the finest educational systems possible.  My orphans will be so well cultivated that top colleges around the world will throw scholarships their way once they are 18 years old.  
  
You can do the same, depending on your wealth.  There is a such thing as effective altruism though.  If you are only a single or double digit millionaire currently Risto, and truly believe you have large scale positive ambitions for mankind, it may make sense to forgo the bulk of charity for the time being (but everyone can do something - hell, even I find $20 here and there to throw at things like children's yoga and I am firmly middle class).  
  
However I think that once an individual's wealth exceeds $100 million in today's dollars, they have a social burden to try to undertake or finance some kind of large scale benevolent project.  That much wealth is pointless without a greater purpose. 
  
But congrats on starting your video game company; I'm jealous and hope to follow in your footsteps one day.  Also, you know I'm an idea factory, and I have some extremely profitable ideas (unique spins based on current trends) about how to create what will almost certainly be top 10 iOS apps with little capital required.  If you ever want to have lunch and discuss them, let me know.

I like you, but I could not disagree more.  Since 2012 I have been studying money, math, economics, and cryptocurrency nearly full time.  I have some pretty stark revelations to share with you.  
  
First of all, you need to understand that humans are not biologically equipped to naturally understand exponential (and greater) curves, and our greatest flaw (not my words, but some other genius's) is our inability to realize when we're within one.  
  
The gross domestic product of the world is not a linear curve.... In fact, it's so steeply rising that it might not even be exponential.  Currently the entire world values itself at nearly 100 trillion dollars, but that is going vertical since the rise of the Internet.



The Internet only allowed us to speed up the velocity of information to the speed of light... What do you think will happen when there are no artificial limits on the velocity of value as well?  Look at what is currently happening to our economy through mismanagement and centralized money controls.



Dude, once the age of crypto gets in full swing the velocity of money is about to go fucking vertical.  That chart won't even be usable anymore, we will go off the scale by orders of magnitudes.  
  
All this is only going to accelerate the value of our species, not stagnate it.  
  
A hundred trillion?  Don't you see that by 2030 the global GDP will likely be well past 500 trillion and on its way to a quadrillion 1990 US dollars?  Holy shit dude, it's going to be absolutely ridiculous what applying limit break materia to both information and value will do.  In fact, the combination of those two might not have linear effects....  
  
It might be multiplicative.  
  
Global Value Pre-1990: (linear factor representing speed of printing press) X (linear factor representing speed of paper money exchanging hands)

Global value Now: (information at the speed of light, uncapped) X (speed of digital money to move through centralized institutions with multi-day wait times).
  
Global value Soon: (information at the speed of light, uncapped) x (money at the speed of light, uncapped).  

As you can see, if Monero really does become the private ledger for the world, $4 million (in today's dollars) is peanuts for the amount of value it would represent.  By 2040 - 2050 you could see a Monero ledger with a market "cap" in the literal quadrillions (again, in today's dollars).  
  
The reality of our future is gonna hyper-annihilate even the most bullish predictions you might make today .  . Exponential curves, man.  Exponential curves.  
  
Hell, look at that GDP curve again!  That's exponential on an exponential chart!  You know what that is?  That's hyper-exponential!  That's a god damned Knuth Curve!  Our species is going to Knuth, and you don't believe a Monero will one day be worth a paltry $4 million dollars!?  
  
And they cost 40 cents.  Today.  
  
This will go down in history as the most ridiculously undervalued asset in the history of mankind.  That cannot be overstated enough.

I guess it depends on how you see the word Charity.

Many human rights leaders donate their time and money to specific causes.

There are many in the broken world we live in where privacy is no longer a right but just a word.

XMR hopefully can help with this.

Charity is not a potent way for changing the world. Perhaps going to prison and in the process becoming a global human rights leader could be the next step.

So I have a question... in your eyes, when is the best time to gather as much monero as humanly possible?  Because I can personally see the price for monero stagnate around the $.35-$.90 for some time before the GUI comes out, and I think we still have a lot of time before that comes... I think that if I'm slowly but surely accumulating bitcoins as I go about my business with work, then I can judge later on in the future the best time to purchase a "massive" amount of XMR (in my eyes, probably not AP's).

So I guess the question becomes, even if the price goes above $1, $10, $100; will that make you stop buying monero in bulk and just hold on for the ride?

What's next on your list? Charity?

Now only if you could shoot from the hip with a AK-47 and change the answer to a math problem...then he would be on to something.

Nice short term bounce in the XMR price. Hoping it dips a bit.

I think it's optimal to sell a bit more, such as 1/3 of the remaining after every 10x (although you can skip the first one, like I did with Bitcoin).


With the exception of buying a TV (I don't need), I have done all this