Topic: [XMR] Monero Speculation - page 1701. (Read 3313576 times)

Small update, ~8k was taken out from the asks and subsequently added to the lending offers (offers jumped from ~17k to ~25k). We can probably infer from this that someone is still trying to protect his short position.

Well I don't think that question will every be asked to him, or better yet responded in full by him right now, especially when he's trying to win a majority of Americans votes... and the fact that most Americans don't know/don't care what cryptos are, is not helping.  Not to mention, that it is highly unlikely for a political reporter to know about them either, or would want to question Bernie about it.

As for your three in a row correct presidential predictions.. that's pretty impressive AP. Did you call those predictions during the primaries, or when the two final candidates are duking it out?

i'd like her to be a forewoman of monero: http://blog.invisiblethings.org/about/
(main dev of qubes os: the best and most secure linux distro i have ever seen).

she uses bitcoins too.

(as soon as my new pc arrives i'll make a doc about how to install it with bitcoin and monero, including gpu-mining on domU. sadly not before christmas..)

From what I understand the term socialist as he uses it doesn't mean someone who wants the state to control all business.  Instead it refers to a nation where the state offers strong public services and care for all citizens at the cost of higher taxes. 
 
From what I have seen, this is the path that many very wealthy and happy European countries are on, and one that we will eventually have to transition to as the robo-pacalypse destroys almost all jobs. 
 
I think it's silly to think he means that Communist Russia was a superior form of government. 
 
I would like to hear his opinions on our spiraling debt situation and cryptocurrency though.  I would like to think he would be supportive of technology, but if he's anti-crypto that would kill the prestigious "Americanpegasus Presidential Endorsement" (considering I've successfully called the results of every presidental election since 2000).

And not only that, but the thing is , is that the governments shouldn't hate Monero because we have view keys that allow their auditors to audit businesses and for taxing reasons..

It's just that I know FOR A FACT Mr. Sanders won't be for the Monero ship "to da moon"... He's perfectly happy with hacking into the data on your phone/computer to make sure all of us "goys" are being safe.

Edit: http://thehill.com/policy/national-security/256865-sanders-would-absolutely-end-nsa-spying

Well It's not like I italicized and underlined "for a fact"...

But I just don't see how a very socialist person could be the person we want for president... I mean in this aspect, maybe he's the best candidate out there who would take NSA's spying program into account who actually has a shot at winning.

It seems he is the most privacy oriented candidate out there.  He recently said he would "absolutely end NSA spying" and he was one of the few to vote against the Patriot Act.  
  
http://thehill.com/policy/national-security/256865-sanders-would-absolutely-end-nsa-spying  
    
I don't know his relationship with the Federal Reserve, nor have I heard his stance on cryptocurrency.  But I definitely think he would make a more friendly candidate for the rise of cryptocurrency (which will likely happen in earnest from 2016 -  2020) vs. anyone else who has an actual chance of being elected.  

Beat me to it.  I was also going to say while Paul is sympathetic to Bitcoin, and would likely approve of Monero even more, Sanders would hate both as they would fundamentally attack his entire worldview.

Thing is they fundamentally attack the worldview of almost ALL politicians except for kooks (sic) like Paul.

It's actually an interesting point from a speculation vantage.  One that comes up a lot... but is worth continuing to consider.  Governments do not like Bitcoin.  And they will HATE Monero.

Why would you want Bernie Sanders to be at the forefront of Monero? Bernie isn't at all the poster child for this, because it would be against the Feds and private banks, which I would believe, that he is good with... Plus he's socialist, I thought the majority of XMR folks here were libertarians... spying and analysing your data is going to be his specialty.

 
 
It's a great start, thank you  , but we eventually need it shooped onto a flashing rainbow background with the words IT'S HAPPENING.

Monero is just in its baby steps. Let one or two year pass and you'll see a real change in price and demand for it. I think that when the GUI gets released, that will be the day when Monero will truly expand. It will definitely attract the attention of most beginners (non tech savy people) out there. Then they would want to invest in Monero due to its privacy features. Just my opinion. 

https://i.gyazo.com/109cf4c324db16ba33bcfa626c40e616.gif

 
 
Ok, done.  Also, I'm calling it now: Bernie Sanders just did a dance on the Ellen show.  We are going to need a Ron Paul, "it's happening" style gif of Bernie for the inevitable Monero super-rise: 
https://twitter.com/TheEllenShow/status/654462348137070592
 

oh yeah, your a mod. do it!

 
 
It seems to me that was the most important topic posted in /r/Monero for a long time.  Do you guys think it should be stickied for a little while?  (like maybe a week or so)

Interesting point. I speculate that if Monero is running full speed (basically 0.9 release  + we quash this GUI meme somehow), that we could see a large influx during the next halving. People will see bitcoin falter with superlong confirmation times and observe that monero really is bitcoin 2.0

Is it time to draft anonymint into the xmr dev team as a consultant? Can someone explain what this is about?

Not sure if thats true for Bitcoin, because of Mining. If the price crashes to low (and stays there for a longer period) miners will leave which in return means that transaction takes longer to confirm - bitcoin doesnt adopt to huge(!) hashrate-swings fast (this is even worsen through the fact that less blocks are found).

This raises the risk for doublespents (or similar attacks eg timewarping) as old mining equipment would be cheaper to buy. if someone acquires to much he could attack. (Monero mitigates that risk by using a GPU/CPU algo which shouldnt be much better on an ASIC)

Some investments have a reinforcing merit loop - when price goes up/down, the fundamentals of the investment get better/worse as a result.

Cryptocurrencies do have this, to a great extent.


Also some investments have a reinforcing fold loop - when price goes up/down, the propensity of the investment folding totally decrease/increase.

Here one must exercise wisdom:

- If the company in question is dependent on financing, for instance, its stock price crashing may easily prevent both equity and debt financing, resulting in bankruptcy (and win for the vultures).

- XMR is not a stock and does not have costs nor debt which need to be serviced. It can hardly be destroyed merely by crashing its exchange rate. Both XMR and BTC prices have already been decimated to 1/10 of their prior peak levels, both are still alive. Both borrowing and lending for short selling is quite a risky proposition if the ultimate goal - destroying the asset - is not achievable.

 
  
That's true.  If your goal is pure profit, you must be willing to forgo principals for the sure win.  But me, I decided a while back that I wasn't going to play the greater fool theory anymore.  My investments will carry actual merit.  No more buying something just because it's popular.  
  
For example, if you look at the recent volume on Poloniex it's obvious that this Digibyte thing is about to undergo a pump.  But what are you buying?  Flash and the hope that you can see to the greater fool.  When you buy Monero you are buying the predominant ledger of the best cryptocurrency in the world.  It's so good that we're not sure if there's a way to even mathematically make a better one without making it *too* anonymous.  
  
So as I said in my Halloween videos, it doesn't matter what the price is in the short term.  20 cents, 30 cents, 40 cents.  90 cents.  We are talking about an asset that is either worth zero, or a titanic amount.  And if it fights the good fight and establishes itself, it will be damned hard to unseat (just as we are seeing with bitcoin currently).  
  
This is an internet archive page of /r/bitcoin right after it had it's first spike to $100: https://web.archive.org/web/20130402064144/http://www.reddit.com/r/Bitcoin  
  
I think most succinct is this picture: http://imgur.com/FBt8M7X  
  
I'm not going to be that cat.  
  
I'd rather say, "Yeah, it was the best money our species has ever seen, so of course I bought a lot of it." even if it doesn't pan out as an investment. (though I don't see it going down like that)

Think it's important to add that one shouldn't get married to ones investments. Seriously feels like a lot of people here have a pretty solid marriage to xmr. Also trying to catch a falling knife is usually not the best investment strategy.

Yes xmr may be the best money the world has seen but the risk of total ruin is still extreme. Invest accordingly.