Topic: [XMR] Monero Speculation - page 1974. (Read 3314330 times)

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

Everytime I read that "monero no gui blabla" rhetoric, it makes me MAAAAAAAAAAAAD

So Monero has a GUI. Even several GUIs. Here's one of them:

https://bitcointalksearch.org/topic/xmr-monerox-a-cross-platform-graphical-account-manager-for-monero-683365

The dev has been interviewed in the last missive.

And if you tell me blabla no official gui, do you even use bitcoin official gui?

Bitcoins, as an appcoin for xmr.to.

I doubt I will ever use Bitcoin again

lol you can buy what, exactly, with monero?

Once Monero has a GUI, I doubt I will ever use Bitcoin again. Monero will be superior in every possible way. (Except maybe user base and market cap at first, but that can be resolved  )

lol you can buy what, exactly, with monero?

To buy what lol

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

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 

There's no way you can suggest Monero will replace Bitcoin in public and not get laughed out the room.

Because I don't believe bitcoin is a technology.  Bitcoin contains technology but the $7.3 billion market cap is not a measure of that.  Bitcoin is money, and money is memory.  Money represents a shared agreement between the individuals who voluntarily use it.  Our shared agreement is that spots on The Blockchain represent value and one transfers his value by signing a message with his private key (e.g., in exchange for goods or services). 

Forget about bitcoin the protocol, and even bitcoin the payment network (nodes + miners), and focus on bitcoin as a shared agreement that the distribution of wealth encoded by the blockchain is efficient and legitimate.  If it wasn't efficient, large holders would sell, and small holders would buy.  If it wasn't legitimate, people wouldn't be willing to trade their time in exchange for bitcoins, and bitcoin would have collapsed. 

So the value of money (e.g., bitcoin) primarily comes from the legitimacy of its ledger.  The legitimacy of this ledger increases as more people adopt this form of money, and as time proves that it's not a passing fad. 

Viewed through this lens, it becomes clear that even a superior technology (although I question if one exists) would unlikely de-throne bitcoin the ledger, for the new technology would simple be adopted by the ledger as the new payment system. 

In my mind, the only thing that could dethrone bitcoin would be a more legitimate ledger.  But I don't see how it is possible to create one.   

There is another important feature of Monero apart from privacy and fungibility, the tail emission, it will actually start many many years from now, by that time Monero will be older than Bitcoin is now and still have less coins than it, but gone will be the "Smeagol factor", the perpetual inflation is minimal, and even today with current buy support would have a negligible impact in the price, but it turns Monero into a crypto more fit to be used as true electronic cash, while I expect Bitcoin to become an electronic gold.