Topic: [XMR] Monero Speculation - page 1953. (Read 3313084 times)

Yes, I would not recommend anyone make investment decisions from random forum posts, but I suspect you already know that Everyone needs to do their own research and make their own mind up. I was skeptical of emunie for a long while, but I am excited by their attempt to use the basic truth of the Quantity Theory of Money (MV=PQ) within a P2P network where all vaiables are known in real time, to achieve a worthwhile goal of price stability. Whether they achieve that is uncertain, but if they do then things will change quite a bit.

Actualy
https://letstalkbitcoin.com/blog/post/ltb-e202-understanding-monero

If you still have questions after earing this podcast come back here and the comunity will explain the rest

I am sorry that your explanation did not inspire confidence to invest in it. Despite my totally non-tech background, I know reasonably well how Monero operates, and it should not be impossible to gain the same understanding from emunie, although not from that explanation 

It's not for me to explain how emunie works. I have done my research over 18 months or so, and from what I've read and learnt using the various beta versions I believe eMunie is a serious project with merit, and its chief goal is exactly what you mentioned in your post, elastic supply based on the needs of the system with the aim of keeping EMU price relatively stable, and thus , more useful as a currency.

In 2007 most people dismissed the possibility of distributed consensus on a P2P network, but bitcoin showed that it was possible. The key point is people had to see it work before they would believe it was possible. With eMunie P2P network, ALL conditions of demand and supply within the EMU ecosystem are known in real time, and new supply of EMU created via hatchers can be adjusted up or down to match needs, over time. Obviously that description will satisfy nobody, and as emunie is still closed source nobody will be able to verify the exact details of the economic system parameters until after its launched. Investing in emunie has high risks, especially for non tech people who require others to verify the details for them. You have faith in XMR devs (and so do I), I also have some confidence in Dan Hughes, who is easily researched as a dev on the internet, but yes, you have me toast, I can't explain how emunie works, but you can't explain how monero works in detail either. In the end the average user does some research and makes a judgement. Bitcoin, monero, emunie may all be found to have fatal flaws in the future.

Im curious too

Let him explain

It doesn't. So far just vapourware.

How does it work (mods - again please allow 10 lines)?

I like it when a soon-1-year-old plays so bossy towards a more-than-1/2-year-old 

I really like the way you don't sugar coat shit.


Well to be fair it was before ASIC's for Scrypt and the doggie explosion which really fueled the alt race. Which really was what killed LTC. Well that and the lack of Dev support.

No worries. My monkey says BTC has strong support at 126usd.

what is price doing? will 280 hold another time or time for some doom?
resistance still there, 30k on the books until 280 and who knows what else is hidden, lets see.
buy side very passive for now, just absorbing everything.

looks like bitcoin will crash one more time, some move out of alts and out of btc, a wise move?

Sure, we can just say "hey it is an experiment". But wouldn't it be nicer to have a logical economic reasoning with maybe not precisely predictable results, but at least an intelligently planned results? I already see interesting brain storming in the last few posts. Generally the less magic numbers, the better. Something for Monero Research Labs maybe...



EDIT: If I'm dragging this on in the wrong thread just ask and I'll happily move it elsewhere.