Topic: [XMR] Monero Speculation - page 18. (Read 3313786 times)

And yet, too few use Bitcoin to gain privacy. The main utility comes from the fact that it's hard cash. I'm using Bitcoin to avoid having a third party telling me what to do; 'cause it's borderless; 'cause it's transparent; I don't have to trust a financial institution, which is provably faulty; human behavior is faulty when they gain too much power. We, don't like that. We've re-invented money, decentralized.

There's another thing that should bother you: Scarcity. I'm not talking about the bullshit they say about the infinite XMR. I'm referring to digital scarcity. Look around you, people like things that are scarce. The paradox of crypto is that the coins are scarce, but the currencies are abundant. There's no second best in terms of scarcity.

I comprehend that Monero, as a whole, offers better privacy than Bitcoin. But, there are other factors to count as well for your assertion/prediction to turn out true.

THE MONERO MOON (ISSUE 32) IS OUT NOW! Grab a coffee or a beer and kick back for a read. Like, share, and spread the word of Monero as it continues to grow and offer unmatched financial privacy.

https://medium.com/themoneromoon/the-monero-moon-issue-32-6f07536e8496

I thought eventually bitcoin would adopt base layer features and that would regulate Monero to the shadows but the more time goes on I realize that this has become impossible.

So I see bitcoin as a perfectly viable store of value with the built in NGU tech and Monero as the transactional coin of choice that hopefully sidechains will develop on for all the silly eth type shit.

So the whole world is now undergoing it's SECOND lesson on why Bitcoin matters.

Remember when the lightbulb went on for you for Monero?  Most of us, we were Bitcoinners first.  Obviously if we go back it was the only choice.  Then things like tennebrix and solidcoin appeared.  (LOL)  Most of us were lucky enough to be able to avoid these scams...  But then around 2014 I started hearing about Monero.

The lightbulb for me was this:

Monero did something that Bitcoin did not.  Something fundamental and astoundingly useful. But it was a different set of tradeoffs.  And I came to the conclusion that this was a use-case that had an excuse to be.  AND did something that took away some of Bitcoin's properties.  I never saw it as Bitcoin=Bad Monero=Good.  I saw them as complimentary.

Anyway, I am surprised to this day so few of us take that position, but that is neither here nor there.

My thougt is this:  A certain percentage those awakening to Bitcoin and why it is important are going to stumble across Monero and why it is different just like we did.  I mean they already know about NFTs, and many are seeing why that is just the wrong thing to be focusing on right now.  But a certain number of these hundreds of millions who are now seeing Bitcoin for what it is are going to realize why Monero matters.

And then they will buy some.

The questions for speculation:

How many?
When?

One thing I do not question in the least is that it is going to happen...  if you are reading this, I'd say you are in a good spot!

Meh, grubles is just one of those guys who think BTC should be the end all and be all in crypto.  I mean I get it, BTC is good at what it does.  But saying that everything else is a scam?  Kek.  That’s dumb.  I used to think like him but there’s just so much more in the space than BTC.  And they better be careful, some other coin could flip it at CMC.

So...  Looking at different charts, do you think this is it for now?  

THE MONERO MOON (ISSUE 31) IS OUT NOW! Grab a coffee or a beer and kick back for a read. Like, share, and spread the word of Monero as it continues to grow and offer unmatched financial privacy.

https://medium.com/themoneromoon/the-monero-moon-issue-31-39f3fbe6db5a

I like the nuance here, though it is not orthodoxy.

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As a defender of Bitcoin Maxis to some extent this guy goes too hard most of the time, though he is also usually right.  But in THIS case?  I would be willing to bet he is not looking deeply enough.

It will be shown, most likely, that they went in and out of Monero at some point, but any details as to those things will only come from outside leaks.  In other words they may have gone into Monero via some dark market, or exchange... but how many DETAILS will we see.

Using Monero cannot fix dumb.  But I bet if you look deeply there will bhe some pretty big holes in the data round those orange places on the flow chart!

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Well... as we do... we have reached the top of the current channel.  But one of these is either going to break UP or DOWN.

So at the moment we are on the UP location.  So chances are we bounce up from here a bit and roll down back to .0040ish.  But then, like I said one of these times we will break up.  Could this be the one? 

You tell me.



***EDIT NEXT DAY***

Well that was a quick one... and that's a nasty gap under the line...  Russia tension, I'd figure?



Not really a lot between here an 0.0037

***EDIT 2/12*** (I am doing this to save the mod the trouble of annoyingly combining posts.. I suppose the database is getting unweildy on this 12 year old forum.)

I guess on thinly traded assets the validity of these things is questionable, but it looks like the bottom trend line has flipped to resistance...  But at least we are seeing some volume.



[moderator's note: consecutive posts merged]

I actually think it is quite good. It shows (hopefully) more readers of such news that they should refrain (even if they don't have thousands of Bitcoins) from uploading important data to cloud servers other people's computers. Maybe it will make them understand that using a cloud server is highly critical. Even if they encrypted their data.

THE MONERO MOON (ISSUE 30) IS OUT NOW! Grab a coffee or a beer and kick back for a read. Like, share, and spread the word of Monero as it continues to grow and offer unmatched financial privacy.

https://medium.com/themoneromoon/the-monero-moon-issue-30-65b44cbe718e

They look like a couple of EthTards.

I'm certain they were cutout/fallguys.

And kept it poorly encrypted on a cloud service /facepalm

Had more money than the entire market cap of Monero.   

^  A couple of years ago, I’d be really bullish.  But now?  Honestly not so much.  Not with the exchanges so quick to delist coins once they’re pressured by the government.  TPTB even got to binaryFate and it forced him to close XMR.to down.  They got Fluffy in prison.  Sucks...  I’d really prefer XMR to be away from the spot light and just be left alone to grow organically tbh.  XMR is a step up and it needs more time imho.

In the US government documents concerning the takedown of the alleged Bitfinex hackers, only one other cryptocurrency is mentioned (as far as I have been able to see).  It is not ETH, Not BCASH.

Guess which one.  Bullish.

https://www.justice.gov/opa/press-release/file/1470186/download

LOL!  Yeah I know it sounds delusional but then again 10k is what...  Just around three times the current price.  And from what I heard it’s really looking like the merging of Ethereum and the beacon chain is going to happen this year.

Does everybody outside the ETH community really think it isn’t happening?


Here’s what I think...  I think we might have put a premium on ‘decentralization’ and all the idealistic stuff too much.  Giving up some of it is fine for other projects that want to achieve something more than just being ‘digital gold’.  Think about a world with no ETH, or BSC or AVAX.  We’d all be stuck having BBQcoin or Auroracoin.  Lmao.  

And ETH has come to a point where we can say that it’s not going anywhere.  If anything, it could flippen BTC.

*place batman_slap.jpg here*

You are a nice guy kurious.  I am not.  I hope he sold his house and shorted it.

I hope he didn't put his money where his mouth is and go short...

NFTs coming to \/\/XMR? reeeeeeeeeeeee

I am probably about as anti-ETH as one could possibly be.  That is not to say it might not be a good ROI, as it HAS been.

But ETH, like all big-block projects completely breaks what Satoshi designed.  First of all this is the simple logic: Blockchain databases with several other tech solves the Byzintine General problem and allows a decentralized database.  Once you make a blockchain huge you limit the people who can be nodes.  This centralizes the coin/project leading to things like chain roll-backs and scaling panic.  Sound familiar?  Thing is once you centralize you then have removed the only real reason to use a blockchain.  Now you could just use some high efficiency standard (SQL type) database.

So ETH ends up really only being smoke and mirrors.  And that's not even the worst part.  This decentralized world computer theater paves the road to a system that looks a lot like the current one, but with all the advantages of being centralized and digital.  But because it is centralized the banks will either kill it and issue CDBCs or absorb it INTO a CDBC.

That latter is your payday if you want to invest in ETH.  But it is also t he smallest chance, in my opinion.

Monero, on the other hand, might have problems scaling and remaining decentralized... but it has a shot not to, either by increasing use at a pace tech can keep up, or by 2nd layer scaling.

ETH makes no sense.  

Borrowed from jjg.