[XMR] Monero Speculation - page 1748.

generalizethis

legendary

Activity: 1750

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Facts are more efficient than fud

Quote from: owm123 on September 22, 2015, 01:39:27 AM

Quote from: Johnny Mnemonic on September 22, 2015, 01:29:55 AM

Quote from: chennan on September 21, 2015, 11:16:19 PM

... I feel like a majority of the public (sadly) don't and wouldn't really care if their transactions are public...

They will certainly care when merchants stop accepting their non-fungible bitcoins because some algorithm determines they're tainted. Privacy is hardly the issue.

Money that isn't fungible will eventually cannibalize itself.

It hasnt stopped bitcoin to be #1 cryptocurrency. And most people even dont know what fungability means. I myself, for example, have never heard about such a term before getting interested in crypto. Good luck expalining this to people who just want to use crypto, rather than go and read bitcointalk forums, or r/monero or any other such website.

Not knowing what a right ventricle is doesn't stop your heart from needing one. And cash needs fungibility.

Johnny Mnemonic

hero member

Activity: 795

Merit: 514

Quote from: owm123 on September 22, 2015, 01:39:27 AM

Quote from: Johnny Mnemonic on September 22, 2015, 01:29:55 AM

Quote from: chennan on September 21, 2015, 11:16:19 PM

... I feel like a majority of the public (sadly) don't and wouldn't really care if their transactions are public...

They will certainly care when merchants stop accepting their non-fungible bitcoins because some algorithm determines they're tainted. Privacy is hardly the issue.

Money that isn't fungible will eventually cannibalize itself.

It hasnt stopped bitcoin to be #1 cryptocurrency. And most people even dont know what fungability means. I myself, for example, have never heard about such a term before getting interested in crypto. Good luck expalining this to people who just want to use crypto, rather than go and read bitcointalk forums, or r/monero or any other such website.

Again, no explaining will be necessary when your money suddenly becomes useless. I'm sure you'll know exactly what fungibility means at that point.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: owm123 on September 22, 2015, 01:39:27 AM

[lack of fungibility] hasnt stopped bitcoin to be #1 cryptocurrency.

Bitcoin's exponential progress is strongly violated now already, and lack of fungibility is the only real objective reason behind it. Blocksize debate is an annoyance.

Why no other crypto has surpassed Bitcoin, is of course because they have the same problem! Jumping between leaking ships...

owm123

sr. member

Activity: 392

Merit: 250

Quote from: Johnny Mnemonic on September 22, 2015, 01:29:55 AM

Quote from: chennan on September 21, 2015, 11:16:19 PM

... I feel like a majority of the public (sadly) don't and wouldn't really care if their transactions are public...

They will certainly care when merchants stop accepting their non-fungible bitcoins because some algorithm determines they're tainted. Privacy is hardly the issue.

Money that isn't fungible will eventually cannibalize itself.

It hasnt stopped bitcoin to be #1 cryptocurrency. And most people even dont know what fungability means. I myself, for example, have never heard about such a term before getting interested in crypto. Good luck expalining this to people who just want to use crypto, rather than go and read bitcointalk forums, or r/monero or any other such website.

Johnny Mnemonic

hero member

Activity: 795

Merit: 514

Quote from: chennan on September 21, 2015, 11:16:19 PM

... I feel like a majority of the public (sadly) don't and wouldn't really care if their transactions are public...

They will certainly care when merchants stop accepting their non-fungible bitcoins because some algorithm decides they're tainted. Privacy is hardly the issue.

Money that isn't fungible will eventually cannibalize itself.

generalizethis

legendary

Activity: 1750

Merit: 1036

Facts are more efficient than fud

Quote from: generalizethis on September 07, 2015, 05:40:13 PM

Quote from: smoothie on September 07, 2015, 05:08:57 PM

Quote from: owm123 on September 07, 2015, 04:45:30 PM

The problem is that general public does not care much about privacy. if privacy was something that general public actually cared, facebook would be not in a position it is today, microsoft would get much more heat for windows 10, and samsungs smart tvs would not sell so well.

That ^ can change. A financial crisis or a internet dooms day scenario could change all of that.

I believe there will come a day that the internet will not be what it is today (free and open).

That would change privacy implications on that level.

People have not been burned with their 401k's yet as the debt bubble and stock market bubble have not popped fully.

Once that happens and people lose trust in the legacy financial system, privacy will be paramount as more laws for reporting and transparency of one's finances will be required to an even greater extent than it is today.

Just look at the attempts to ban cash happening around the world. That is a step in the direction of an age of "no privacy".

People will value their privacy once they get burned really bad by the powers that be.

I'll add that the professionals in the security and finance fields understand that privacy and security are inextricably tied together and will not be using Bitcoin or litecoin to handle their own assets or the assets of the companies they represent. Of course this assumes that a privacy coin gets the liquidity to handle 6 figure+ transactions.

The general public "won't" argument assumes things won't change and that those with the most money, and the experts to keep it safe, will follow the general public's lead--I doubt either scenario.

aerbax

full member

Activity: 201

Merit: 100

Quote from: chennan on September 21, 2015, 11:16:19 PM

...I feel like a majority of the public (sadly) don't and wouldn't really care if their transactions are public... I know a large minority would, but the majority would prefer their transactions to be as quick and painless as possible, while forfeiting their anonymity.

I fervently disagree. I think most people care a lot about the privacy of their financial transactions. Where you get and spend your money says a tremendous amount about you. I can barely imagine the blackmail that would happen if all transactions were open for everyone to see. And the spam.

Maybe you're right.. and maybe I'm right. But the good news is that it doesn't matter with Monero. You can opt to go fully transparent, opaque, or mix-and-match.

Snowykingdom

newbie

Activity: 29

Merit: 0

Quote from: chennan on September 21, 2015, 11:16:19 PM

So what exactly makes you positive that monero will be X10 the value of Bitcoin over the years? I feel like a majority of the public (sadly) don't and wouldn't really care if their transactions are public... I know a large minority would, but the majority would prefer their transactions to be as quick and painless as possible, while forfeiting their anonymity.

It won't be.
Years and years being pod without its own gui wallet, so priceless. We'd rather keep something better than xmr or else, just keep your btc.

chennan

legendary

Activity: 1316

Merit: 1004

So what exactly makes you positive that monero will be X10 the value of Bitcoin over the years? I feel like a majority of the public (sadly) don't and wouldn't really care if their transactions are public... I know a large minority would, but the majority would prefer their transactions to be as quick and painless as possible, while forfeiting their anonymity.

americanpegasus

hero member

Activity: 770

Merit: 504

Well, if I was a millionaire that might be applicable. Then I would follow a rule of 80% safe and secure investments and 20% wild and speculative ones (probably bears saying that bitcoin itself is a wild and speculative asset).

But as it is, I am pretty middle class with just enough of an 'army' for one good gambit. It might as well be something I believe in, and if I'm gonna do it - I might as well do it 100%. I put a disclaimer that others should definitely not follow in my footsteps; I might be smart at times - but I've also lost money on bad bets in the past.

Still, I feel that Monero will be different. I feel (speculate) that anyone who goes in hard on Monero now will find themselves with 1/xxxth of one of the dominant forms of money on the planet. I just hope they end up being futurists like myself and not people who think that it's a good idea to raise AIDS drugs 75x in price. Angry

Quote from: languagehasmeaning on September 21, 2015, 08:49:16 PM

You are not an idiot and I enjoy your posts.

your not an idiot. FTFY.

Quote from: jehst on September 21, 2015, 08:21:35 PM

I see Monero as a leveraged play on bitcoin. If bitcoin bubbles, Monero could go up 5-10x against bitcoin. But the same is true in reverse. If bitcoin plummets to double digits, Monero will take a very big hit. But the upward potential is a lot higher than the downward potential.

This. It should be repeated. Monero will almost certainly act as a derivative of bitcoin in the near future. If crypto fails completely, Monero will be ultra worthless. Fortunately, that doesn't look likely right now. If crypto succeeds wildly - bitcoin may go up 500x in price.... while Monero goes up 50,000x in price.

wpalczynski

legendary

Activity: 1456

Merit: 1000

Quote from: owlcatz on September 21, 2015, 09:06:30 PM

Quote from: languagehasmeaning on September 21, 2015, 08:49:16 PM

You are not an idiot and I enjoy your posts. I really like Monero and consider myself a bull.

Maybe some other Monero fans will agree with me. I don't think it is wise to go all in (100% allocation) for any investment.

Never go 100% in on one "investment" ffs. Tongue

I think he was referring to all in as far as crypto coins.

owlcatz

legendary

Activity: 3570

Merit: 1959

Quote from: languagehasmeaning on September 21, 2015, 08:49:16 PM

You are not an idiot and I enjoy your posts. I really like Monero and consider myself a bull.

Maybe some other Monero fans will agree with me. I don't think it is wise to go all in (100% allocation) for any investment.

Never go 100% in on one "investment" ffs. Tongue

languagehasmeaning

sr. member

Activity: 336

Merit: 250

Quote from: americanpegasus on September 21, 2015, 07:39:37 PM

I'm an idiot, so take what I say with a grain of salt but I went 100% Monero a long time ago.

The way I see it, if Bitcoin rises significantly, so will other promising crypto. In fact, if Bitcoin rises significantly I am pretty sure it's flaws will only be highlighted more and people will say: 'well what else is there?' and will find Monero.

I see very few situations where bitcoin has a massive rise that Monero doesn't at least equal.

I also think we have tested the support at 40 to 50 cents for too long now, and it's unlikely we would drop below 40 cents again.

But you know, on the other hand, I don't own all the Monero I want yet.... (I get my bonus next month) - so fuck it: "Monero is dead, and sell them to me cheap before you lose everything."

You are not an idiot and I enjoy your posts. I really like Monero and consider myself a bull.

Maybe some other Monero fans will agree with me. I don't think it is wise to go all in (100% allocation) for any investment.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Quote from: americanpegasus on September 21, 2015, 07:39:37 PM

I'm an idiot, so take what I say with a grain of salt but I went 100% Monero a long time ago.

The way I see it, if Bitcoin rises significantly, so will other promising crypto. In fact, if Bitcoin rises significantly I am pretty sure it's flaws will only be highlighted more and people will say: 'well what else is there?' and will find Monero.

I see very few situations where bitcoin has a massive rise that Monero doesn't at least equal.

I also think we have tested the support at 40 to 50 cents for too long now, and it's unlikely we would drop below 40 cents again.

But you know, on the other hand, I don't own all the Monero I want yet.... (I get my bonus next month) - so fuck it: "Monero is dead, and sell them to me cheap before you lose everything."

I see Monero as a leveraged play on bitcoin. If bitcoin bubbles, Monero could go up 5-10x against bitcoin. But the same is true in reverse. If bitcoin plummets to double digits, Monero will take a very big hit. But the upward potential is a lot higher than the downward potential.

americanpegasus

hero member

Activity: 770

Merit: 504

I'm an idiot, so take what I say with a grain of salt but I went 100% Monero a long time ago.

The way I see it, if Bitcoin rises significantly, so will other promising crypto. In fact, if Bitcoin rises significantly I am pretty sure it's flaws will only be highlighted more and people will say: 'well what else is there?' and will find Monero.

I see very few situations where bitcoin has a massive rise that Monero doesn't at least equal.

I also think we have tested the support at 40 to 50 cents for too long now, and it's unlikely we would drop below 40 cents again.

But you know, on the other hand, I don't own all the Monero I want yet.... (I get my bonus next month) - so fuck it: "Monero is dead, and sell them to me cheap before you lose everything."

SmoothCurves

sr. member

Activity: 379

Merit: 250

Quote from: americanpegasus on September 21, 2015, 03:32:51 PM

Quote from: SmoothCurves on September 21, 2015, 01:05:36 PM

http://www.telegraph.co.uk/finance/bank-of-england/11874061/Negative-interest-rates-could-be-necessary-to-protect-UK-economy-says-Bank-of-England-chief-economist.html

This is some next level crackhead evil genius shit. Time to acquire more XMR.

I agree; I have a topic where we discuss it here: https://bitcointalk.org/index.php?topic=1183923.0

Once people see that they are being charged to use government currency, they will naturally want an alternative. There may come a time where your local laws force you to deposit any crypto into a bank account and play by the rules of negative interest. Your options will be either to go rogue or to play by the new policies.

If this happens, regardless, you will wish you had acquired as much crypto as possible beforehand.

Shit like this tempts me to switch up my ratio from 90% BTC 10% XMR to 50/50 btc/xmr

owm123

sr. member

Activity: 392

Merit: 250

Quote from: SmoothCurves on September 21, 2015, 01:05:36 PM

http://www.telegraph.co.uk/finance/bank-of-england/11874061/Negative-interest-rates-could-be-necessary-to-protect-UK-economy-says-Bank-of-England-chief-economist.html

This is some next level crackhead evil genius shit. Time to acquire more XMR.

"This could slow, rather than boost, the economy. It would be possible to get around the problem of hoarding by abolishing cash, Mr Haldane said, adding: "What I think is now reasonably clear is that the payment technology embodied in [digital currency] Bitcoin has real potential."

Haha, good make cash illegal, thinking that bitcoin is solution. People and business will very quickly realized that "Bitcoin is the worst privacy system ever" and "the most transparent payment method ever developed" developed, and its perfect for gov and companies to spy on you and they will start looking for alternatives.

americanpegasus

hero member

Activity: 770

Merit: 504

Quote from: SmoothCurves on September 21, 2015, 01:05:36 PM

http://www.telegraph.co.uk/finance/bank-of-england/11874061/Negative-interest-rates-could-be-necessary-to-protect-UK-economy-says-Bank-of-England-chief-economist.html

This is some next level crackhead evil genius shit. Time to acquire more XMR.

I agree; I have a topic where we discuss it here: https://bitcointalk.org/index.php?topic=1183923.0

Once people see that they are being charged to use government currency, they will naturally want an alternative. There may come a time where your local laws force you to deposit any crypto into a bank account and play by the rules of negative interest. Your options will be either to go rogue or to play by the new policies.

If this happens, regardless, you will wish you had acquired as much crypto as possible beforehand.

SmoothCurves

sr. member

Activity: 379

Merit: 250

http://www.telegraph.co.uk/finance/bank-of-england/11874061/Negative-interest-rates-could-be-necessary-to-protect-UK-economy-says-Bank-of-England-chief-economist.html

This is some next level crackhead evil genius shit. Time to acquire more XMR.

GingerAle

legendary

Activity: 1260

Merit: 1008

~~^^^ your wallpaper needs some edits! But definitely an interesting PR campaign. And thats not a pull request campaign.~~

edited - wow. so meta. Props to you, sir pegasus.

Speculate. I speculate that some day I will win the battle with my Node autostart script, and then Monero prices will rise. Because.

Topic: [XMR] Monero Speculation - page 1748. (Read 3313576 times)