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Topic: [XMR] Monero Speculation - page 1768. (Read 3313576 times)

legendary
Activity: 1876
Merit: 1000
September 06, 2015, 09:52:45 PM
why do amercian's if ask say two or three questions, only answer one  Huh

and the one they have to get defensive about

legendary
Activity: 2282
Merit: 1050
Monero Core Team
September 06, 2015, 09:51:08 PM
...
its certainly not baseless accusations anyone who reads this forum sees the mindless shilling, also most the 'litecoin is dead' types can be traced back to monero supporters threads, tis how i found monero.
...

It is not whether or not the accusations have merit, but rather that they serve to protect the early adopters who got in cheap, after Monero moons. This of course applies only in the event that Monero does moon. So I actually consider the accusations a form of insurance.  
legendary
Activity: 1260
Merit: 1008
September 06, 2015, 09:50:36 PM
i see monero shills continually trolling litecoin, as if they need to discredit it to overtake it on coinmarketcap. this itself always turns me off monero.

occasionally i get over that and attempt to give monero a go.......

like this morning....well

how in any even remotest dream do you guys think monero has a snow balls chance of even being adopted by even 1/1000th of btt members here let alone anyone else in the world outside?


just curious?

sure you guys will treat it as a troll, but seriously this coins almost unusable in its current state  Huh

is it command line or do i have the wrong client  Huh

Who is trolling litecoin? I've actually been on the litecoin vs. dash thread discrediting dash. If you're talking about NEMaSCAM's thread, I suggest you look at his or her post history to see what he or she is about.

One interesting side effect of all of these accusations of shilling and spamming directed at Monero supporters is that should Monero take of, none of the Monero early adopters could be accused of having an
"unfair" advantage.

its certainly not baseless accusations anyone who reads this forum sees the mindless shilling, also most the 'litecoin is dead' types can be traced back to monero supporters threads, tis how i found monero.


Trust me, the devs have tried using their mighty dev powers to stop the shilling. I even tried to use my troll-appointed dev powers to stop the shilling by using a god-like commanding voice. Turns out people are people and no one can control anyone, so, enjoy the show.
legendary
Activity: 1876
Merit: 1000
September 06, 2015, 09:47:49 PM
Looking at LTC's supply inflation, its level of use, and its userbase (mostly Chinese), I think it is clearly a coin that will be devastated during a Chinese economic correction and greater crypto bear market. Will XMR overtake LTC? That remains to be seen. What I can tell you is that LTC has a hell of a lot more to lose (100 million+ market cap) than XMR does.

what fud.

depends on how you calc inflation., count it the legit way and LTC, BTC etc are deflationary.
legendary
Activity: 1876
Merit: 1000
September 06, 2015, 09:46:06 PM
i see monero shills continually trolling litecoin, as if they need to discredit it to overtake it on coinmarketcap. this itself always turns me off monero.

occasionally i get over that and attempt to give monero a go.......

like this morning....well

how in any even remotest dream do you guys think monero has a snow balls chance of even being adopted by even 1/1000th of btt members here let alone anyone else in the world outside?


just curious?

sure you guys will treat it as a troll, but seriously this coins almost unusable in its current state  Huh

is it command line or do i have the wrong client  Huh

Who is trolling litecoin? I've actually been on the litecoin vs. dash thread discrediting dash. If you're talking about NEMaSCAM's thread, I suggest you look at his or her post history to see what he or she is about.

One interesting side effect of all of these accusations of shilling and spamming directed at Monero supporters is that should Monero take of, none of the Monero early adopters could be accused of having an
"unfair" advantage.

its certainly not baseless accusations anyone who reads this forum sees the mindless shilling, also most the 'litecoin is dead' types can be traced back to monero supporters threads, tis how i found monero.


 
legendary
Activity: 2282
Merit: 1050
Monero Core Team
September 06, 2015, 09:35:36 PM
i see monero shills continually trolling litecoin, as if they need to discredit it to overtake it on coinmarketcap. this itself always turns me off monero.

occasionally i get over that and attempt to give monero a go.......

like this morning....well

how in any even remotest dream do you guys think monero has a snow balls chance of even being adopted by even 1/1000th of btt members here let alone anyone else in the world outside?


just curious?

sure you guys will treat it as a troll, but seriously this coins almost unusable in its current state  Huh

is it command line or do i have the wrong client  Huh

Who is trolling litecoin? I've actually been on the litecoin vs. dash thread discrediting dash. If you're talking about NEMaSCAM's thread, I suggest you look at his or her post history to see what he or she is about.

One interesting side effect of all of these accusations of shilling and spamming directed at Monero supporters is that should Monero take of, none of the Monero early adopters could be accused of having an
"unfair" advantage.

Edit: As for the lack of an official GUI, this actually makes Monero very attractive to an investor because this causes Monero to have the "right things wrong with it". I learned about this concept in real estate investing where a house with a faeces encrusted bathroom and a solid foundation can be a much better buy than a house with a beautiful clean bathroom, and a foundation about to collapse.
hero member
Activity: 700
Merit: 500
September 06, 2015, 09:34:02 PM
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
September 06, 2015, 09:12:50 PM
i see monero shills continually trolling litecoin, as if they need to discredit it to overtake it on coinmarketcap. this itself always turns me off monero.

occasionally i get over that and attempt to give monero a go.......

like this morning....well

how in any even remotest dream do you guys think monero has a snow balls chance of even being adopted by even 1/1000th of btt members here let alone anyone else in the world outside?


just curious?

sure you guys will treat it as a troll, but seriously this coins almost unusable in its current state  Huh

is it command line or do i have the wrong client  Huh

Who is trolling litecoin? I've actually been on the litecoin vs. dash thread discrediting dash. If you're talking about NEMaSCAM's thread, I suggest you look at his or her post history to see what he or she is about.
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
September 06, 2015, 09:06:25 PM
Looking at LTC's supply inflation, its level of use, and its userbase (mostly Chinese), I think it is clearly a coin that will be devastated during a Chinese economic correction and greater crypto bear market. Will XMR overtake LTC? That remains to be seen. What I can tell you is that LTC has a hell of a lot more to lose (100 million+ market cap) than XMR does.
legendary
Activity: 1876
Merit: 1000
September 06, 2015, 08:59:56 PM
i see monero shills continually trolling litecoin, as if they need to discredit it to overtake it on coinmarketcap. this itself always turns me off monero.

occasionally i get over that and attempt to give monero a go.......

like this morning....well

how in any even remotest dream do you guys think monero has a snow balls chance of even being adopted by even 1/1000th of btt members here let alone anyone else in the world outside?


just curious?

sure you guys will treat it as a troll, but seriously this coins almost unusable in its current state  Huh

is it command line or do i have the wrong client  Huh
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
September 06, 2015, 07:24:45 PM
Just made aware of this site:

http://moneronodes.i2p.xyz



Hopefully more information can be provided via text/charts etc.
legendary
Activity: 2968
Merit: 1198
September 06, 2015, 06:38:12 PM
I know a store in belgium who doesn't accept cash, even without the legislation that they can or can't do it.
I tried to get them into BTC, but they aren't interested...

Really don't understand why, they pay much more to the card companies...

Are they just really die-hard fans of the card companies?  Cheesy

Seems illogical why a merchant would not accept cash if he can spend it elsewhere.

They are essentially saying "everyone who has THIS type of payment you can't buy things from me even though I could use that payment type to buy things I need"

I know of one local business in my area that no longer accepts cash. It's an outlet store at a warehouse. They sell supplies retail but the volume is low (you often have to walk back into the warehouse to find someone to process your purchase) but to have to deal with the accounting, storage, etc. of cash would be more hassle than it would be worth for them. Only cards accepted now.

It is true they are potentially turning some customers away, but you get to a point where so many people have cards (including prepaid cards, welfare benefit cards, etc.) that the fraction you are turning away is negligible.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
September 06, 2015, 06:21:42 PM
I know a store in belgium who doesn't accept cash, even without the legislation that they can or can't do it.
I tried to get them into BTC, but they aren't interested...

Really don't understand why, they pay much more to the card companies...

Are they just really die-hard fans of the card companies?  Cheesy

Seems illogical why a merchant would not accept cash if he can spend it elsewhere.

They are essentially saying "everyone who has THIS type of payment you can't buy things from me even though I could use that payment type to buy things I need"

legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
September 06, 2015, 06:19:20 PM
And Denmark seems to be the first one to ban cash.

Wow, I had no idea we were at the point of actual legislation being introduced.
Quote
The proposal to ban all cash transactions is being introduced ahead of the Danish election in September, in the hope that cash will be phased out as early as 2016.

Digital transactions are very popular in Denmark with a third of all Danish citizens  using the Danske Bank app, MobilePay, to pay for services and transactions. It’s unlikely that the new proposals to ban all cash transactions will be met with any opposition.

The Danish Chamber of Commerce (Dansk Erhverv) also supported the move, saying it was time shops were given the option of going cash-free.



This is not entirely true. Denmark is not banning cash, what they are doing is giving stores the right not to accept cash. http://www.theguardian.com/world/2015/may/14/no-wallet-no-worries-denmark-considering-cash-free-shops Big difference. In fact given that the popular proprietary debit solution charges a flat 1% to the merchants, this could actually create a market for crypto currencies in person transactions where non existed before.

Also Denmark is a wealthy country with an advanced welfare state. This means that there are very few poor people; the market segement least likely to use debit cards, credit cards or their smartphone app equivalents.

That is the first step in getting to a cashless society. "Allowing" stores the right to refuse cash as payment.

I mean who would refuse cash if you can use it to buy goods and services?
legendary
Activity: 2282
Merit: 1050
Monero Core Team
September 06, 2015, 03:10:53 PM
I know a store in belgium who doesn't accept cash, even without the legislation that they can or can't do it.
I tried to get them into BTC, but they aren't interested...

Really don't understand why, they pay much more to the card companies...

In many countries there are no laws requiring a seller or a store to accept cash. What exists are legal tender laws that in effect force a creditor to accept cash for a debt or not be able to enforce the debt in court.

Edit: There may be exceptions where stores are required to accept cash and Denmark may actually be one.
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
September 06, 2015, 03:01:01 PM
I know a store in belgium who doesn't accept cash, even without the legislation that they can or can't do it.
I tried to get them into BTC, but they aren't interested...

Really don't understand why, they pay much more to the card companies...
legendary
Activity: 2282
Merit: 1050
Monero Core Team
September 06, 2015, 02:52:18 PM
And Denmark seems to be the first one to ban cash.

Wow, I had no idea we were at the point of actual legislation being introduced.
Quote
The proposal to ban all cash transactions is being introduced ahead of the Danish election in September, in the hope that cash will be phased out as early as 2016.

Digital transactions are very popular in Denmark with a third of all Danish citizens  using the Danske Bank app, MobilePay, to pay for services and transactions. It’s unlikely that the new proposals to ban all cash transactions will be met with any opposition.

The Danish Chamber of Commerce (Dansk Erhverv) also supported the move, saying it was time shops were given the option of going cash-free.



This is not entirely true. Denmark is not banning cash, what they are doing is giving stores the right not to accept cash. http://www.theguardian.com/world/2015/may/14/no-wallet-no-worries-denmark-considering-cash-free-shops Big difference. In fact given that the popular proprietary debit solution charges a flat 1% to the merchants, this could actually create a market for crypto currencies in person transactions where non existed before.

Also Denmark is a wealthy country with an advanced welfare state. This means that there are very few poor people; the market segement least likely to use debit cards, credit cards or their smartphone app equivalents.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
September 06, 2015, 11:46:18 AM
The problem is that other than speculation there is almost zero adoption, and it isn't coming any time soon.

I do not agree to this. The adoption is not always visible (for consumers), but sure it is under the active radar of companies. There are just too many benenefits. UPS gives a nice insight:
https://longitudes.ups.com/does-global-trade-need-a-global-currency/

Quote from:  the article
However, the current payment, clearing and settlement systems are major bottlenecks to the flow of global trade. They are inefficient, have long settlement times and high-cost fees and exchange rates.

The need for anonymous transaction will come, but even slower. The need however is and will be there: cash is still king because of the anonymous nature of it, we need something similar for online usage. I deeply respect you and the Monero devs for making this increasingly possible.
legendary
Activity: 2268
Merit: 1141
September 06, 2015, 07:46:21 AM
Thanks,

can I ask which website you guys use for these charts?

best regards

https://bitcoinwisdom.com/markets/poloniex/xmrbtc
sr. member
Activity: 514
Merit: 258
September 06, 2015, 07:38:46 AM
Thanks,

can I ask which website you guys use for these charts?

best regards
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