Topic: [XMR] Monero Speculation - page 194. (Read 3314309 times)

I feel bad for the suckers that bought this shitcoin.

Yup it is happening right at this moment. There will be totally different structure of holders entering 2020 then it was in 2017.

When? they are doing it right now under our noses.

Death spiral to $1, sell before its too late.

"The WORLD is not anymore the way it used to be" Nah just the same just more "craft"y

To bad BitTeller doesn't mention XMR on their website

" includes nearly any mainstream alt-coin including: LTC, DOGE, DASH, LSK, ETH, BOX, ION, XEM, FCT, XRP, NXT, PPC, XLM, and more."

Oh, and the effect on price would be to depress it.

Virtually it is a way to bypass the current limit of maximum coins.  For example 17mm XMR becomes virtual 51mm XMR, or 21mm BTC is suddenly 42mm.

Now each unit of crypto is worth a fraction of what it would be worth were there not the phantom copies floating around.

I will say this... Satoshi put so much power in the hands of users that every time (so far) someone has tried to control Bitcoin they have been ruined in the end.  We are watching this happen with the BCH  drama as it unfolds.

I believe the banks will face this same fate when they try to take control.  Does not mean they will not cause us problems in the meantime though.

The way paper crypto would work is like this:

1.  The institution holds 1 XMR
2.  The institution gives you some sort of promise of ownership of the capital it is holding.  This 1 XMR belongs to pönde.
3.  But they still hold the keys.
4.  They then use this same 1 XMR for further financial purposes, for example selling it short, or giving ANOTHER entity claims on it as well as you.

All of the above works fine until there is demand from multiple owners of the asset at the same time.

This was a huge part of the 2009 financial crisis.  It is a form of fractional reserve.  And poof Lehman Brothers is just a page in history...

And YES!  Those "paper BTC" *do* already exist.  Most, if not every exchange that holds the private keys for user's accounts is doing exactly this.  In the end (because of theft) it was also the way GOX fell.

The ultimate remedy is unique to bitcoin as it is a digital bearer asset.  All users have to do is either to hold their own private keys, take "physical delivery" of any contracts they purchase, or at the very least only do business with entities that keep BTC in segregated addresses for which the user KNOWS the public key, or address.

This is where it get's interesting, because never before has there been a financial instrument that has the bearer asset properties of cash, but all the advantages of digital money on top.

The WORLD is not anymore the way it used to be, mm mm mmm, Nuh Nuh NO!

Monero is weighted 1% in the Morgan Creek Bitwise Digital Asset Index:
https://digitalassetindexfund.com/

The other day I read a post on reddit that in Switzerland someone installed ATMs that offers Monero. At that time I thought is a new ATM. But just realized they installed General Bytes ATM. The most often Monero ATM.  Back then also counted that there are 121 Monero ATMs worldwide now. What is doubled number from few months ago when I started counting them.  Beside, Japan and South Korea there is new also in Saudi Arabia and Belgium. I probably missed a country. Anyway now i went to check what kind of ATMs that offers Monero exist. And I got this:


DOBI ATM  - have installed ATM in countries - Hong Kong, South Korea, Japan, USA
Bitcoin D.A.V.E.  -"- Chile , USA
BitAccess -"- USA, Canada, Croatia, Denmark, Netherland, UK
Bitnovo -"- Spain
Trovemat -"- USA, CZ, Russia
Criptomat  -"- Ukraine
General Bytes  -"- everywhere  (55 Monero ATMs)

Bitcoin Teller -"- Australia, Vietnam, Rus, SA, Spain, USA. Italy Austria, Canada.

Bitcoin Teller is not real ATM but just a program they run on computers and a person sells you Monero or buy it from you.


So overall 7 different ATMs + this Bitcoin Teller thingy.

I am not sure what mean "paper gold work"? But I know it works for the TPTB but not for the people.


Thats hard for people to understand, until they want to buy something with the paper gold. Blockchain says no. So thats why we need real world BTC shopping.

Do those paper bitcoin all ready exitst? And if so, what is the effect on BTC price? And what about the BTC futures?

The real difference here is gold settlement is the lynchpin for paper gold to work.

If you HOLD YOUR PRIVATE KEYS.  They can't make fake bitcoin out of them.

The master would be sad to see you following an ALT I think.

Damn why Monroe is not growing, he still didn’t show ToTheMoon in relation to the cue ball, it seems to me that in 2019 he can show us this, but he will have to suffer, in general, the network is one of the most promising.

Well those are good sings.

But what do you think about this?
https://breakermag.com/when-wall-street-financializes-bitcoin-who-benefits/

Most people are unable to make difference between paper BTC and real BTC. But blockchain can. So we need actual use of BTC on real shopping.

True words. It's like an equation with at least 5 unknown variables. If we place (random) values / make assumptions in three of them, leaving only two "unknowns" we can come up with a graph that shows some possible outcomes.
Right now anyone claiming to know what's gonna happen next is (at least slightly) delusional. Just my opinion.
Even great projects with high quality code, constant development and true innovation have a good chance to suffer in short/midterm from a crash of traditional markets. Hopefully it won't happen, but it seems quite likely.

Yeah,there is always a measure of trust if you do not do the code review yourself. The main thing is for you to decide what level of trust is acceptable.

Oh you're right, but that doesn't mean you just accuse devs of lying when you haven't gone through and even looked yourself. You're speaking for community's safety, I'm speaking for the dev's reputation.

He is correct that all software should be considered suspect unless it is vetted by a source you trust. Trusted in some ghost community is just as bad as trusting in microshaft. All it takes is one infiltrated library. Remember when I was asking all those questions about ZeroMq? Also you rrmeber I was saying from day 1 that json was an attack vector and should be removed from the local software and was pretty much laughed at and it turned out i was correct.

I am hoping for a day and indeed a time when bitcoin will not have any influence on monero price in the cryptocurrency market.  I think monero is capable of holding it's own.  The value of monero should be derive from it's use cases!

Currently I am having a hard time seeing these isolated charts.  So much is happening in crypto/finance right now.

Ethereum imploding and reaching the technical wall so many of us saw coming.
BCH melting down.
BSV being propped up by a billionaire or two.
The era of forks slowing.
The era of blockchain attacks is heating up (e.g. vertcoin attack)
What is beginning to look like 2008-2009 scenario in world markets. (Global reset possible)

So these things just don't move in isolation.