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Topic: [XMR] Monero Speculation - page 187. (Read 3314316 times)

hero member
Activity: 1874
Merit: 840
Keep what's important, and know who's your friend
December 30, 2018, 08:08:33 PM
Why Bitcoin Matters for Freedom  http://time.com/5486673/bitcoin-venezuela-authoritarian/


It has funny end.

Less than 1% of the world’s population — no more than 40 million people — have ever used Bitcoin. But, according to the Human Rights Foundation, more than 50% of the world’s population lives under an authoritarian regime. If we invest the time and resources to develop user-friendly wallets, more exchanges, and better educational materials for Bitcoin, it has the potential to make a real difference for the 4 billion people who can’t trust their rulers or who can’t access the banking system. For them, Bitcoin can be a way out.


Truth is that all this 4 billions cant use Bitcoin. The other 4 billions can, these can only use Monero.

Not even a minuscule fraction of the 4 billion can use Bitcoin which is why I sold out of Bitcoin into Monero over 3 years ago. By the way Lighting Network will not solve this issue. Just read the LN paper https://lightning.network/lightning-network-paper.pdf page 55 where they talk about 133 MB blocks under very optimistic assumptions just to open and close LN channels.

Wait wait...  The people in the other 4 billion that can use BTC, can't?  But they can use Monero...?  I don't get it.  Lol.

His point is that Bitcoin is technical limited to be used by 4 billion people and  Monero is not.

because of the blocksize.  

Who actually thinks you can have 4 billion people using the base layer of XMR at this point?

i don't think that was said... i think the point was that once monero gets second layer solutions, the first layer can scale to meet whatever demand is placed upon it by the second layer due to the adaptive blocksize.



... And also due to it's inherent fungible state.  The fact that 1 XMR = 1 XMR seems to be so overlooked by people all the time, and not a lot of people see the benefit of that.  If you are off-chain and are transacting "privately" then why go back on chain and have the chance of getting back tainted coins, and therefore might run into the issue of you not being able to cash out at your favourite exchange site?
legendary
Activity: 1260
Merit: 1008
December 30, 2018, 10:00:40 AM
Why Bitcoin Matters for Freedom  http://time.com/5486673/bitcoin-venezuela-authoritarian/


It has funny end.

Less than 1% of the world’s population — no more than 40 million people — have ever used Bitcoin. But, according to the Human Rights Foundation, more than 50% of the world’s population lives under an authoritarian regime. If we invest the time and resources to develop user-friendly wallets, more exchanges, and better educational materials for Bitcoin, it has the potential to make a real difference for the 4 billion people who can’t trust their rulers or who can’t access the banking system. For them, Bitcoin can be a way out.


Truth is that all this 4 billions cant use Bitcoin. The other 4 billions can, these can only use Monero.

Not even a minuscule fraction of the 4 billion can use Bitcoin which is why I sold out of Bitcoin into Monero over 3 years ago. By the way Lighting Network will not solve this issue. Just read the LN paper https://lightning.network/lightning-network-paper.pdf page 55 where they talk about 133 MB blocks under very optimistic assumptions just to open and close LN channels.

Wait wait...  The people in the other 4 billion that can use BTC, can't?  But they can use Monero...?  I don't get it.  Lol.

His point is that Bitcoin is technical limited to be used by 4 billion people and  Monero is not.

because of the blocksize. 

Who actually thinks you can have 4 billion people using the base layer of XMR at this point?

i don't think that was said... i think the point was that once monero gets second layer solutions, the first layer can scale to meet whatever demand is placed upon it by the second layer due to the adaptive blocksize.

legendary
Activity: 930
Merit: 1010
December 30, 2018, 01:41:39 AM
Why Bitcoin Matters for Freedom  http://time.com/5486673/bitcoin-venezuela-authoritarian/


It has funny end.

Less than 1% of the world’s population — no more than 40 million people — have ever used Bitcoin. But, according to the Human Rights Foundation, more than 50% of the world’s population lives under an authoritarian regime. If we invest the time and resources to develop user-friendly wallets, more exchanges, and better educational materials for Bitcoin, it has the potential to make a real difference for the 4 billion people who can’t trust their rulers or who can’t access the banking system. For them, Bitcoin can be a way out.


Truth is that all this 4 billions cant use Bitcoin. The other 4 billions can, these can only use Monero.

Not even a minuscule fraction of the 4 billion can use Bitcoin which is why I sold out of Bitcoin into Monero over 3 years ago. By the way Lighting Network will not solve this issue. Just read the LN paper https://lightning.network/lightning-network-paper.pdf page 55 where they talk about 133 MB blocks under very optimistic assumptions just to open and close LN channels.

Wait wait...  The people in the other 4 billion that can use BTC, can't?  But they can use Monero...?  I don't get it.  Lol.

His point is that Bitcoin is technical limited to be used by 4 billion people and  Monero is not.

because of the blocksize. 

Who actually thinks you can have 4 billion people using the base layer of XMR at this point?
legendary
Activity: 1260
Merit: 1008
December 29, 2018, 05:41:14 PM
Why Bitcoin Matters for Freedom  http://time.com/5486673/bitcoin-venezuela-authoritarian/


It has funny end.

Less than 1% of the world’s population — no more than 40 million people — have ever used Bitcoin. But, according to the Human Rights Foundation, more than 50% of the world’s population lives under an authoritarian regime. If we invest the time and resources to develop user-friendly wallets, more exchanges, and better educational materials for Bitcoin, it has the potential to make a real difference for the 4 billion people who can’t trust their rulers or who can’t access the banking system. For them, Bitcoin can be a way out.


Truth is that all this 4 billions cant use Bitcoin. The other 4 billions can, these can only use Monero.

Not even a minuscule fraction of the 4 billion can use Bitcoin which is why I sold out of Bitcoin into Monero over 3 years ago. By the way Lighting Network will not solve this issue. Just read the LN paper https://lightning.network/lightning-network-paper.pdf page 55 where they talk about 133 MB blocks under very optimistic assumptions just to open and close LN channels.

Wait wait...  The people in the other 4 billion that can use BTC, can't?  But they can use Monero...?  I don't get it.  Lol.

His point is that Bitcoin is technical limited to be used by 4 billion people and  Monero is not.

because of the blocksize. 
legendary
Activity: 2744
Merit: 1288
December 29, 2018, 04:28:35 PM
Why Bitcoin Matters for Freedom  http://time.com/5486673/bitcoin-venezuela-authoritarian/


It has funny end.

Less than 1% of the world’s population — no more than 40 million people — have ever used Bitcoin. But, according to the Human Rights Foundation, more than 50% of the world’s population lives under an authoritarian regime. If we invest the time and resources to develop user-friendly wallets, more exchanges, and better educational materials for Bitcoin, it has the potential to make a real difference for the 4 billion people who can’t trust their rulers or who can’t access the banking system. For them, Bitcoin can be a way out.


Truth is that all this 4 billions cant use Bitcoin. The other 4 billions can, these can only use Monero.

Not even a minuscule fraction of the 4 billion can use Bitcoin which is why I sold out of Bitcoin into Monero over 3 years ago. By the way Lighting Network will not solve this issue. Just read the LN paper https://lightning.network/lightning-network-paper.pdf page 55 where they talk about 133 MB blocks under very optimistic assumptions just to open and close LN channels.

Wait wait...  The people in the other 4 billion that can use BTC, can't?  But they can use Monero...?  I don't get it.  Lol.

His point is that Bitcoin is technical limited to be used by 4 billion people and  Monero is not.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
December 29, 2018, 11:58:54 AM
Why Bitcoin Matters for Freedom  http://time.com/5486673/bitcoin-venezuela-authoritarian/


It has funny end.

Less than 1% of the world’s population — no more than 40 million people — have ever used Bitcoin. But, according to the Human Rights Foundation, more than 50% of the world’s population lives under an authoritarian regime. If we invest the time and resources to develop user-friendly wallets, more exchanges, and better educational materials for Bitcoin, it has the potential to make a real difference for the 4 billion people who can’t trust their rulers or who can’t access the banking system. For them, Bitcoin can be a way out.


Truth is that all this 4 billions cant use Bitcoin. The other 4 billions can, these can only use Monero.

Not even a minuscule fraction of the 4 billion can use Bitcoin which is why I sold out of Bitcoin into Monero over 3 years ago. By the way Lighting Network will not solve this issue. Just read the LN paper https://lightning.network/lightning-network-paper.pdf page 55 where they talk about 133 MB blocks under very optimistic assumptions just to open and close LN channels.

Wait wait...  The people in the other 4 billion that can use BTC, can't?  But they can use Monero...?  I don't get it.  Lol.
jr. member
Activity: 45
Merit: 36
December 29, 2018, 07:45:43 AM

Not even a minuscule fraction of the 4 billion can use Bitcoin which is why I sold out of Bitcoin into Monero over 3 years ago. By the way Lighting Network will not solve this issue. Just read the LN paper https://lightning.network/lightning-network-paper.pdf page 55 where they talk about 133 MB blocks under very optimistic assumptions just to open and close LN channels.

133 mb blocks for 7 billion people all running their own nodes opening only 2 CHANNELS PER YEAR with zero on-chain transactions. Those are some wild assumptions! Shocked

My raspberry Pi lightning node has been syncing for 30 days and is only at 85%. We need smaller blocks not larger Roll Eyes The bitcoin maximalists have some serious cognitive dissonance to resolve. The good news for them is their chain is likely to be superseded before they have to resolve these fundamentally incompatible design goals.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
December 28, 2018, 03:57:21 PM
Why Bitcoin Matters for Freedom  http://time.com/5486673/bitcoin-venezuela-authoritarian/


It has funny end.

Less than 1% of the world’s population — no more than 40 million people — have ever used Bitcoin. But, according to the Human Rights Foundation, more than 50% of the world’s population lives under an authoritarian regime. If we invest the time and resources to develop user-friendly wallets, more exchanges, and better educational materials for Bitcoin, it has the potential to make a real difference for the 4 billion people who can’t trust their rulers or who can’t access the banking system. For them, Bitcoin can be a way out.


Truth is that all this 4 billions cant use Bitcoin. The other 4 billions can, these can only use Monero.

Not even a minuscule fraction of the 4 billion can use Bitcoin which is why I sold out of Bitcoin into Monero over 3 years ago. By the way Lighting Network will not solve this issue. Just read the LN paper https://lightning.network/lightning-network-paper.pdf page 55 where they talk about 133 MB blocks under very optimistic assumptions just to open and close LN channels.
legendary
Activity: 2744
Merit: 1288
December 28, 2018, 02:54:58 PM
Why Bitcoin Matters for Freedom  http://time.com/5486673/bitcoin-venezuela-authoritarian/


It has funny end.

Less than 1% of the world’s population — no more than 40 million people — have ever used Bitcoin. But, according to the Human Rights Foundation, more than 50% of the world’s population lives under an authoritarian regime. If we invest the time and resources to develop user-friendly wallets, more exchanges, and better educational materials for Bitcoin, it has the potential to make a real difference for the 4 billion people who can’t trust their rulers or who can’t access the banking system. For them, Bitcoin can be a way out.


Truth is that all this 4 billions cant use Bitcoin. The other 4 billions can, these can only use Monero.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
December 28, 2018, 09:09:14 AM
^  *cough* ...  *cough*

I think it's better not to say anything.  Lol.  But yeah, I agree.  I'm not the one to judge one or the other a 'sh*t coin'.  I leave that one to the people who know what they're talking about.  But still, I don't listen to them cos the 'scammiest of scams' seem to get all the action.  Smiley
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
December 27, 2018, 10:22:46 PM
Why are people talking about digibyte here it's just a shitcoin compared to monero. Between the two i'd pick monero any day as it has proven to be the top privacy coin in the market right now, even ranked higher than dash which is a grand achievement

That’s my fault... sorry, my bad.

I’d just mentioned it in passing cuz I’d thought it was actually maybe one of the decent older bitcoin clones having been launched early on and before everything went so stoopid, with all the ICO’s and shit last year... but as noted I guess I never really “did the math” on it, either.  So... I dunno. Sorry. LOL

DigiByte IS “fast” though, and their iPhone wallet app is pretty slick. So, yeah, no: shitcoin? Sure. But it might still do something. WhoDaFuk knows?  Fuckin DASH is clearly a shitcoin too... LOL.

Anyway as I said IMHO nothin fer sure about anything anymore till CryptoWinter passes, & prolly back to basics now is the only safe move. And “basics” is just Bitcoin and MONERO.

Nothing wrong with making cake offf of shitcoins to support your real habit XMR. Smiley
hero member
Activity: 608
Merit: 509
December 27, 2018, 10:03:58 PM
Why are people talking about digibyte here it's just a shitcoin compared to monero. Between the two i'd pick monero any day as it has proven to be the top privacy coin in the market right now, even ranked higher than dash which is a grand achievement

That's my fault... sorry, my bad.

I'd just mentioned it in passing cuz I'd thought it was actually maybe one of the decent older bitcoin clones having been launched early on and before everything went so stoopid, with all the ICO's and shit last year... but as noted I guess I never really "did the math" on it, either.  So... I dunno. Sorry. LOL

DigiByte IS "fast" though, and their iPhone wallet app is pretty slick. So, yeah, no: shitcoin? Sure. But it might still do something. WhoDaFuk knows?  Fuckin' DASH is clearly a shitcoin too... LOL

Anyway as I said IMHO nothin' fer sure about anything anymore till CryptoWinter passes, & prolly back to basics now is the only safe move.

And "basics" is just Bitcoin and MONERO.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
December 27, 2018, 09:42:18 PM
Put a fair amount of money into xmr at BTC 0.0122 today, hopefully I can flip it for 5-10 percent btc gain within two weeks.

I hope it tanks so you lose. Cheesy

And I can get m0ar cheap.
full member
Activity: 630
Merit: 100
December 27, 2018, 07:30:36 PM
Why are people talking about digibyte here it's just a shitcoin compared to monero. Between the two i'd pick monero any day as it has proven to be the top privacy coin in the market right now, even ranked higher than dash which is a grand achievement
full member
Activity: 602
Merit: 100
Decentralized Digital Billboards
December 27, 2018, 06:29:08 PM
Put a fair amount of money into xmr at BTC 0.0122 today, hopefully I can flip it for 5-10 percent btc gain within two weeks.

Of course, you can, now he will grow up on Bitcoin of course! And there is a lot of bitcoin on the market that will grow, but the whole problem with the dollar, I would like to see a profit in dollars!
full member
Activity: 1179
Merit: 210
only hodl what you understand and love!
legendary
Activity: 2604
Merit: 1748
hero member
Activity: 1874
Merit: 840
Keep what's important, and know who's your friend
December 26, 2018, 07:37:21 PM
Over the last year monero went from BTC.032   down   to   BTC.012

Shoulda stayed in BTC

Hind sight is 20/20 you long shlong mother fucker. Modest much?? Cheesy

But seriously... you think Monero doesn't deserve to be worth more than 3% BTC's price with how much functionality it serves people in real world situations like maintaining fungibility?
full member
Activity: 1179
Merit: 210
only hodl what you understand and love!
December 26, 2018, 02:22:36 PM
Over the last year monero went from BTC.032   down   to   BTC.012

Shoulda stayed in BTC

We'll recover in march  Grin Cheesy
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
December 25, 2018, 10:23:55 AM
didn't they have this white japanese female looking robot logo at one time? Well anyway its a shitcoin.

Yup.  It was called the Digiman.  Lol.  I think they even had a life size mascot version of it and their devs had it brought it around with them at conferences.  Grin
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