Topic: [XMR] Monero Speculation - page 1973. (Read 3314330 times)

Quote from: G2M on April 02, 2015, 11:27:50 AM

the government should be freaking out about the potential implications of this tech. but they aren't. at all. not even a wiff of it. firmly in the ignore stage.

Implications? Freaking out?

It makes tax laws almost unenforceable. Not entirely because if you work at mcdonalds and buy yourself a boeing 747 for personal use one day they might just have some questions. But in a lot of cases it does.

They could still jail you. Fine you. Disrupt every aspect of your life that's not financial.

Alternatively, if StateCoin comes to pass, they'll just centralize the hardware / network and then there will be no way to AVOID tax laws if you use statecoin (and you'll have to if it becomes == USD), because the taxes are the transaction / mining fees. Unfortunately, this is the equivalent of a sales tax, which are not progressive.

We already have USD-Tethers there's no point to StateCoin. And there is a way to avoid tax laws if you don't cash out USD-Tethers or any coin for fiat, making you liable to said tax laws. Don't play in their sandbox if at all possible and instead play on this here nice beach we have

macsga

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Strange, yet attractive.

Quote from: TrueCryptonaire on April 02, 2015, 11:15:17 AM

It is just a matter of time when Monero will reach the parity with btc.
Again, 5,000 btc marketbuy gets you there and probably 10,000-20,000 btc will hold you there...

I wonder who is the first to pull the trigger. Huh

Heh, actually since someone first mentioned that a million dollars would get us there really got me thinking..

I mean, the sum of money we're talking about is equivalent to the spending that a single medium-sized company (worth 50-100 million USD) would typically spend on a single major facility renovation.

We're talking about something as small as adding a 30' length of hallway, and three or four production rooms with blenders and automated packaging lines in a single FDA regulated food manufacturing facility could be that much..

Just the relatively minimal amount of money is what's getting at me..

I like them odds.

Nice observation. The analogy is fairly accurate, but please let me add that the total cap for BTC is only "a mere" 3.4Bn. What we think it's "big" may be very small for ie: a hedge fund that will decide to "invest" $1Bn in BTC (or XMR) for that matter. Those funds though, are not in because they believe in crypto, rather than make more fiat from trading. So, it may cause a short bubble that will temporarily push the coin but then will fall back.

GingerAle

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Quote from: Anon136 on April 02, 2015, 11:26:05 AM

Quote from: GingerAle on April 02, 2015, 11:15:44 AM

Quote from: TrueCryptonaire on April 02, 2015, 11:15:17 AM

the government should be freaking out about the potential implications of this tech. but they aren't. at all. not even a wiff of it. firmly in the ignore stage.

Implications? Freaking out?

It makes tax laws almost unenforceable. Not entirely because if you work at mcdonalds and buy yourself a boeing 747 for personal use one day they might just have some questions. But in a lot of cases it does.

They could still jail you. Fine you. Disrupt every aspect of your life that's not financial.

Alternatively, if StateCoin comes to pass, they'll just centralize the hardware / network and then there will be no way to AVOID tax laws if you use statecoin (and you'll have to if it becomes == USD), because the taxes are the transaction / mining fees. Unfortunately, this is the equivalent of a sales tax, which are not progressive.

G2M

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Activity: 616

It is just a matter of time when Monero will reach the parity with btc.
Again, 5,000 btc marketbuy gets you there and probably 10,000-20,000 btc will hold you there...

I wonder who is the first to pull the trigger. Huh

Heh, actually since someone first mentioned that a million dollars would get us there really got me thinking..

I mean, the sum of money we're talking about is equivalent to the spending that a single medium-sized company (worth 50-100 million USD) would typically spend on a single major facility renovation.

We're talking about something as small as adding a 30' length of hallway, and three or four production rooms with blenders and automated packaging lines in a single FDA regulated food manufacturing facility could be that much..

Just the relatively minimal amount of money is what's getting at me..

I like them odds.

Anon136

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Quote from: GingerAle on April 02, 2015, 11:15:44 AM

Quote from: rpietila on April 02, 2015, 11:08:56 AM

the government should be freaking out about the potential implications of this tech. but they aren't. at all. not even a wiff of it. firmly in the ignore stage.

Implications? Freaking out?

It makes tax laws almost unenforceable. Not entirely because if you work at mcdonalds and buy yourself a boeing 747 for personal use one day they might just have some questions. But in a lot of cases it does.

vokain

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There are many in "ignore" stage, but typically they "ignore" BTC as well.

Again, my observation only.

And so they will until they can't. C'est la vie. Might as well immanetize the eschaton a bit with some laughing and light-hearted fighting. They already let the pejorative cat out of the bag when they legitimized Bitcoin. Hail Eris!

TrueCryptonaire

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I would not be surprised if Monero will be traded with multiples of bitcoins each.
Many who did not buy now will kick their legs for it.

I am looking prophetically to the day when Bitcoin is one of Monero's altcoins. Wink

GingerAle

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Quote from: vokain on April 02, 2015, 11:01:08 AM

the government should be freaking out about the potential implications of this tech. but they aren't. at all. not even a wiff of it. firmly in the ignore stage.

Implications? Freaking out?

TrueCryptonaire

legendary

Activity: 1092

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It is just a matter of time when Monero will reach the parity with btc.
Again, 5,000 btc marketbuy gets you there and probably 10,000-20,000 btc will hold you there...

I wonder who is the first to pull the trigger. Huh

Anon136

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Activity: 1722

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the government should be freaking out about the potential implications of this tech. but they aren't. at all. not even a wiff of it. firmly in the ignore stage.

dEBRUYNE

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Quote from: dEBRUYNE on April 02, 2015, 10:53:40 AM

Quote from: dEBRUYNE on April 02, 2015, 10:37:51 AM

Quote from: rpietila on April 02, 2015, 10:12:25 AM

Where I live at least, some have gone from "laugh" to "fight" already, and that is intensifying. Bets hedged, waiting if the next stage comes Grin

Laugh, fight, win—life

You forgot a stage :-P

"First they ignore you, then they ridicule (laugh at) you, then they fight you, and then you win."

What stage?

The ignore one is what I meant :-P

I meant that life is reciprocal.

Ah, totally misunderstood your context! Sorry for that.

rpietila

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There are many in "ignore" stage, but typically they "ignore" BTC as well.

Again, my observation only.

vokain

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Quote from: dEBRUYNE on April 02, 2015, 10:53:40 AM

Quote from: dEBRUYNE on April 02, 2015, 10:37:51 AM

Quote from: rpietila on April 02, 2015, 10:12:25 AM

Where I live at least, some have gone from "laugh" to "fight" already, and that is intensifying. Bets hedged, waiting if the next stage comes Grin

Laugh, fight, win—life

You forgot a stage :-P

"First they ignore you, then they ridicule (laugh at) you, then they fight you, and then you win."

What stage?

The ignore one is what I meant :-P

I meant that life is reciprocal.

Brilliantrocket

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Activity: 826

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Sure if that's what makes you feel nondissonant inside.

I guess at this point it's unavoidable. However, once Monero is brought to a greater level of usability, and merchants begin accepting it, Bitcoin will no longer have relevance for me.

dEBRUYNE

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Quote from: dEBRUYNE on April 02, 2015, 10:37:51 AM

Quote from: rpietila on April 02, 2015, 10:12:25 AM

Where I live at least, some have gone from "laugh" to "fight" already, and that is intensifying. Bets hedged, waiting if the next stage comes Grin

Laugh, fight, win—life

You forgot a stage :-P

"First they ignore you, then they ridicule (laugh at) you, then they fight you, and then you win."

What stage?

Quote from: Brilliantrocket on April 02, 2015, 10:38:44 AM

Quote from: dEBRUYNE on April 02, 2015, 10:37:51 AM

He/she most certainly is as he/she is employing a Bitcoin service paid in XMR.

From my perspective, I would only be using Monero.

Sure if that's what makes you feel nondissonant inside.

The ignore one is what I meant :-P

vokain

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Quote from: rpietila on April 02, 2015, 10:12:25 AM

Where I live at least, some have gone from "laugh" to "fight" already, and that is intensifying. Bets hedged, waiting if the next stage comes Grin

Laugh, fight, win—life

You forgot a stage :-P

"First they ignore you, then they ridicule (laugh at) you, then they fight you, and then you win."

What stage?

Quote from: Brilliantrocket on April 02, 2015, 10:38:44 AM

He/she most certainly is as he/she is employing a Bitcoin service paid in XMR.

From my perspective, I would only be using Monero.

Sure if that's what makes you feel nondissonant inside.

smooth

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Quote from: smooth on April 02, 2015, 10:33:03 AM

Quote from: vokain on April 02, 2015, 10:32:13 AM

Quote from: smooth on April 02, 2015, 10:31:06 AM

Quote from: vokain on April 02, 2015, 10:26:03 AM

Quote from: Brilliantrocket on April 02, 2015, 10:25:22 AM

Once Monero has a GUI, I doubt I will ever use Bitcoin again. Monero will be superior in every possible way.

lol you can buy what, exactly, with monero?

Bitcoins, as an appcoin for xmr.to.

Quote

I doubt I will ever use Bitcoin again

He's not, the merchant and xmr.to are.

He most certainly is as he is employing a Bitcoin service paid in XMR.

Only until the merchants stop getting tired of paying to convert their appcoins, and decide to accept Monero directly. Don't worry someone will build btc.to for the poor schlubs who still hold btc at that point..

Brilliantrocket

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He/she most certainly is as he/she is employing a Bitcoin service paid in XMR.

From my perspective, I would only be using Monero.

dEBRUYNE

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Activity: 2268

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