Topic: [XMR] Monero Speculation - page 1917. (Read 3314330 times)

Sure, people in refugee camps don't have smart phones or data plans.  But there is a large middle ground between the utterly complacent and the most desperate.

The NYT article on Argentina illustrates how BTC is making inroads by using in-person exchange to cover the proverbial last mile, thus providing a tool for the people there to use in their fight against financial oppression.

The trend hasn't reached its 100th monkey, but the Argentinian equivalents of our brothers are in the near future increasingly like to use BTC for all the mundane crap fiat used to buy.

When Kirchner's tax thugs begin to catch up and subscribe to Chainalysis, the people will move to Monero and stay one step ahead.  

Geht ready for the final upcoming monsta dump  

I'm hoping that's a joke... text makes it hard to tell sometimes 

Preaching the merits of cryptocurrency at a bitcoin meetup doesn't exactly spread the word.

I wasn't suggesting the concept of crypto is useless (I wouldn't be here if that were the case), only that current implementations cannot be easily used by even the most desperate of oppressed peoples.

Complacent lumpenbourgeoisie like our brothers ("Durr...I like to consume, reproduce, and trade freedom for security") won't GAS until the Great Reset begins in their Homeland. 

They, not crypto, are the "completely useless" entities.  Crypto is a tool.  Our brothers, the playthings of Babylon, are the toys.

But not everyone lives in America or another stable country.

Billions of other people live in places like Yemen, Libya, Ukraine, Cyprus, Argentina, and Venezuela, where their money loses looses purchasing power by the day, and sometimes the hour.

Oh, I see. So your vision is to see widespread crypto used by average people to buy groceries, gas, and pay the mortgage. That's possible, but I don't see it happening within 10 years.
Remittances are a more realistic use for regular folks within the next few years.

I'm not going to attempt the math here, but something like Crypto-Kingdom (which soaks up a few percent of XMR for a long period of time) would actually require as much XMR as millions of dollars worth of remittances sent back and forth by hundreds or thousands of people people who want to hold XMR for the shortest amount of time possible. This is due to the velocity of money.

Even if all forms of commerce are generally good for a currency, you get more "bang for your buck" by creating services that soak up XMR for longer periods of time.

IMO, speculation and niche use cases (both involving mostly males  (many of them Asian, by the way)) will dominate cryptocurrency for the next 10 years. That's what we have to work with. I'm not saying it's a good thing. When I"m brainstorming, I have this demographic in mind.

My brother is a perfect example of "everyone else." He's not a technical person. He's not an investor beyond contributing to his 401k or his kid's college fund. For him, money is a tool not a toy, and the fiat stuff works just fine. It buys his groceries and pays his mortgage. It pays for the gas in his car once a week when he visits the pump. These are all things that most people use money for, and for most people, crypto is completely useless.

Of course those things are commerce. But they serve a very narrow group of people (rich white males) who don't really need any more convincing. They don't exactly fall into the "everyone else" category.

My brother is a perfect example of "everyone else." He's not a technical person. He's not an investor beyond contributing to his 401k or his kid's college fund. For him, money is a tool not a toy, and the fiat stuff works just fine. It buys his groceries and pays his mortgage. It pays for the gas in his car once a week when he visits the pump. These are all things that most people use money for, and for most people, crypto is completely useless.

Most of my friends / family think cryptocurrencies aren't real, so.... i need to go to a bitcoin meetup.

Are Monero denominated prediction markets, stocks, and games not commerce? Some kinds of commerce are better are increasing demand for a currency than other forms of commerce. Demand for a currency determines its exchange rate against other currencies.
If we do not agree on that, then there is no possibility of conversation.

Inside our tiny bubble it's easy to forget just how little the average person gives a shit about the evils of our current monetary system.

Not that anyone would want to fuss with crypto even if they did care. It's inconvenient to get, inconvenient to use, and offers little incentive to the regular old dude who just wants to swipe his credit card and get on with life.

The idea that incentivizing people to hold somehow improves the success of crypto is absurd and a rather narrow perspective in my opinion. A successful currency is one that people use (read: spend), not one that everybody collectively sits on and waits for the value to increase. That's not a currency at all.

Many of us refer to Bitcoin and Monero as cryptocurrencies but we don't actually want them to be currencies. We just want the market cap to go up to infinity so we can get richer and buy more stupid shit we don't need.

The sad irony is that the prices will never reach "the moon" until we stop serving ourselves and start focusing on improving the lives of everyone else.

TL;DR: Currencies are about commerce. Let's focus on improving that. Approaching crypto from an investor perspective and focusing on ROI will never get the rest of the world to start using it. An increasing market cap is a symptom of success, but if that's our goal then we're doing it wrong.

How many of you have introduced Monero to someone known?

When I talk about cryptocurrencies to my friend or family, they think I am stupid and laugh at me. There is only my brother who seems to be convinced but he is a student in computer science (and a fan of technology) so I don't know if this plays a role !

yeah i also spent monero allready. mostly to friends i owe money to, so i pay my debt with monero if they like one of them has over 1k allready
good job, thats how we create them bagholders

Most of my friends / family think cryptocurrencies aren't real, so.... i need to go to a bitcoin meetup.