Topic: [XMR] Monero Speculation - page 1767. (Read 3313576 times)

Did you say this because there is a transparent ledger (the blockchain)?

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.

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.

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.

One reason for this is education. Most people dont know how all the modern 'smart' technology is intrusive. Second is government propaganda that encryption and hiding something is bad and if you should be an open book if you have nothing to hide. Just as an example, today I heard that australian tax office wants access to "metadata' of your phone, emails etc, for " the purpose of protecting public finances from serious criminal activities such as major tax fraud". You can just imagine what they would do if putting money in monero, in which it is hidden from spying, would become popular.

Wining with privacy and anonymity is basically a lost battle at this stage. But, this does not stop monero from being used and success. For monero to success, it is enough to build a community that will be using it, not only for quick pumps and dumps. It does not have to be #2, as this will attract too much attention from anti-privacy governments and agencies, and definitly from tax office. Let 95% people use bitcoins, litecoins and let monero be used by fraction of people who truly care about privacy. Similarly, like with email. Let most people use gmail, outlook, and let just fraction use privacy centric emails. tutanota or protonmail do not need to win with gmail or outlook to be successful. So continueing in this wain, it would be perfect start for monero, if privacy oriented services, like tutanota or protonmail, vpn providers, etc, started accepting monero. Because if priavecy oriented service providers will not see the importance of protecting ones privacy and anonymity in payments, no one else will.

Monero might take Ripple's place in market cap becoming #2....only time will tell 

I always thought Litecoin was going to be the #2 altcoin forever because of its "Bitcoin backup" status.  Boy, those were the days of being naive.

It should be pretty obvious that the #2 coin is going to be a privacy centric coin in the future.

Monero seems poised to take that spot, as continues its slow (but steady) growth.

It's not because I see at least some potential in Monero that I dislike Litecoin, it's that way before Monero ever was even conceived I noticed that Litecoin offered nothing meaningful over Bitcoin aside from experiment and speculative venue. Philosophically, nothing is different with Litecoin over Bitcoin that Bitcoin doesn't already do well. The story with Monero is different because Bitcoin, when I first learned about Bitcoin, was considered anonymous (enough) but really, it's the most transparent method of ledgering.

Yup. Take me for example. I've derided 99% of alts for years. I'm on record since well before Monero ranting about how Litecoin brings nothing to the table, and how the tweaks vs Bitcoin (supply, conf time, mining alg) are all meaningless in practice. Now that the meaninglessness of the tweaks is well understood, all Litecoin has left is this notion of a "back up" to Bitcoin. That one may actually have slight merit, but IMO, not one justifying a top-5 position.

Ever since Zerocash/coin was theorized a few years ago, I've thought that protocol-level privacy would be a niche that an alt-coin could fill, since Bitcoin would probably never implement it directly. Monero is the first coin to come along (with a reasonable launch) that can fill that niche, hence my assertion that it can attain decent market-cap in the alt space, and specifically that a more rational crypto market would likely price it higher than Litecoin.

I think there are a lot of people (especially those of us who correctly saw Bitcoin's value early on) on here who have a similar analysis; hence kelsey's feeling that Monero supporters don't like Litecoin. He's getting the causality mixed up, but there may be a correlation (not causation).

Yes, debate about XMR, especially in an *XMR Speculation thread* is really quite a waste of our time. We should probably all stop reading BCT and go about our "American" lives. /sarcasm

why is it some can't count past 3?

not even slightly offended by anything on this forum.

looks like in every word i write people just looking for a reason to debate, reaching for one, which is a waste of all our time.

What is it with LTC supporters that when you ask three questions they answer none and become offended by the obvious?

Q.E.D.

links?


americans? what? who have you assumed is an american and why?


LTC does in fact have a very fancy bathroom, perfectly suited for depositing bodily fluids and going about your day. As for the foundation, is it anything more than a weak hedge against a btc catastrophe? I got into crypto because of LTC mining profits and am grateful for that, but let's be real here, it brings a big boring nothing to the table. I've never fudded or trashed LTC before this moment, I wish the LTC community the best and hope they all get their yachts. But in all seriousness... LTC?  Quicker block discovery and unimaginative alternative algo to btc and..... anything? Adoption maybe? Name one place that I can not use xmr.to to make a purchase anywhere btc or ltc is accepted. I can't imagine why anyone would stumble into a thread populated by supporters of a coin sporting dynamic block size, opaque block chain, and much more future proof security than... everything? What are you expecting here other than to be laughed at?

you've lost me here? scared of what, why, when and how 

It's kinda funny how scared you are of Monero. Upset the apple cart much?

It's also extraordinary why anyone would favour a dictatorial premined project over a quality co-operative. Personally I prefer fairly launched enterprises.

Perhaps that's the reason I'm on the Litecoin Association and an investor in both LTC and XMR.

I seriously doubt that. I have seen most of the Litecoin is dead threads and I didn't notice any dominant Monero community presence. I think I commented on one such thread, but that hardly constitutes anything close to the whole idea being traced back to Monero. In fact I'm quite certain that the idea of Litecoin being in fact headed for zero, and the discussion of the idea widely on this forum, pre-dates Monero's existence by a fair bit.

(And indeed my opinion is that Litecoin is dead -- unless Bitcoin stumbles badly, which recent history suggests is a significant possibility -- in which case I do believe Litecoin could step up fairly easily as a drop-in replacement. Maybe that's another way of saying that Litecoin is not dead though.)

americans **
it's **

you're having a hard time today.

First, I am not American, if by American you mean a citizen or resident of the United States. To answer your other questions.

The "official" versions are close to nine months old, and require upwards of 7 GB of RAM to run. In order to get the latest versions one actually needs to compile from source. Then Monero only requires about  60 MB of RAM and has a host of other very significant under the hood  improvements. Furthermore in both cases it is a command line interface. To use my real estate analogy the foundation is very solid but the bathroom stinks really bad. This is why one can purchase XMR at the current prices. There are other coins that have very serious problems in the "foundation" (out of sight out of mind), but the "bathrooms" are clean and beautiful. They are also more expensive.

I have been around enough to realize that 1) Freshly painted rotten wood actually sells very well in real estate. 2) A freshly painted rusted used car also sells very well, as long as the rust is hidden. Caveat Emptor.

Edit: The devs have been working very hard building a very solid foundation and cannot be bothered with "cleaning up the bathroom".

why do american's think there's such a thing as american english; its spelt; generalisations 

Why do Aussies make generalizations about Americans