Topic: [XMR] Monero Speculation - page 1998. (Read 3313076 times)

Moderate to low.


No and maybe.

No one has said anything is worth $1.5 billion so you are trolling here.

There's no moneritos in the game that are created out of thin air afaik.

I don't believe any of these coins is "used" a significant amount. It is essentially all speculation.


Same with DRK. Going to be a million times harder to convince people to take that over BTC unless they are really gullible, or maybe if looking for a speculative investment.


Not 100, there are far fewer than that of any significance, although if you're going to go there you could say the same thing about DRK.


I don't think its lacking in intellectual critical mass at all. What do you call people doing work like this: http://www.reddit.com/r/Bitcoin/comments/301r4e/crypto_primitive_shorter_than_current_monero_ring/
Be sure to click through to the post, and tell me how that level of math is not intellectual enough for you.

Re: 4. disagree, but obviously subjective.

Give me a link, explain why DarkCoin has failed here when they are used far more.

1. While I can spend an hour with someone and convince them to take my bitcoin, I will never convince them to take my Monero.
2. To the average guy, Monero is 1 in 100 coins that offer anonymity, arguments seem unprovable or uninteresting to the common man, hey like me.
3. Monero seems to be lacking in intellectual and usage critical mass.
4. Other than a prefix of X not much exciting going on in Monero land.

Current holders shouldn't be the target. In general, confrontation is a win for the smaller brand because it's extra publicity. I don't think crypto is any different.

I also assume dark/dash goes significantly higher than it is now, for the same stupid reasons the current cultish members are praising it.

anyway I hedge xmr with drk - but it is a double edged sword: I know it is vanilla software and a semi-stupid scam, but at the same time I know it will not stop rising (and then finally collapse). the biggest problem I could be confronted with is that I knew better in the case my prediction is wrong - anyway.

we had this high quality monero economics thread - is it still active?

Comparing to ltc is a moot point. With over 1/3 of the available supply tied up in masternodes there are only around 3.5 million coins out. Some of the big whales such as otoh have tens of thousands of coins. It is likely there are only around (at a complete guess) 2 million coins out of the hands of masternodes and big whales who aren't looking to sell. This is a tiny number of coins left in comparison to ltc, it can and likely will go much higher imo.

Yes and No. On the one hand DarkDash can only go up so much. I mean you have to consider the network strength (POS as it relates to POW). "Investors" are going to look at LTC and such, what it attained (.04 or .05 ratio to BTC) during the "boom", the volume at the time and then look at DarkDash and think, how much more? It is already almost halfway there and when things go up this straight it is both limited and extremely suspicious. On the other hand, those that look a bit deeper are going to come across all the questions about DarkDash and then look at Monero and if they do their DD (with mediocre technical understanding), probably find it is quite a bit above DarkDash. So, the upside is higher with Monero and limited (to a degree) with Dark.

It is a gamble either way and even though I'd like to somewhat hedge my bet of Monero with some DarkDash, I can't morally do that. Just like I won't buy cRipple, albeit for a somewhat different reason.

It's about sharing

Not worth replying, they have been pointed out how their system is broken a dozen times, they don't care about that as long as the masternode lock up enough coins to let the price rise.

new monero thread. https://bitcointalksearch.org/topic/xmr-vs-drk-1001642 xmr vs drk

What are the odds Monero will go to similar heights as DRK?
Do you think DRK is permanently gone to these heights or is it similar type of p&d as it was the case with paycoin or countless others?

Another poll!

https://bitcointalksearch.org/topic/vote-doneann-the-altcoins-foundation-platform-version-10beta-released-1000833

They're pegged one-way, which is meaningless. You can't trade out your moneritos.

It's like a game where say a cash shop item costs $15, so the dev says it's worth $15, and proceeds to create 100,000,000 of them, and then says his account is now worth $1.5 Billion.

If you weren't aware, moneritos are pegged to XRM; 1 XRM = 1,000,000 moneritos. The price of gold in-game is fluctuating all the time. If you were to buy gold in-game with your in-game assets, you could then transfer it out of the game into monero. 

Thats right, i already use the service to buy some things on the internet and its realy cool to feel 100% annonymus.. long time no feel like this on the internet

I dont think its a correct thing to do start war agains anything, like we all know monero at the momment still at mutch early stage than darkcoin, they are using +/- 6 years of work on bitcoin and on all other altcoins, on the other side monero is 1 year old and monero is based on something that im is not even 2 years old.. so we have mutch work to do... starting fresh is not a bad thing, we as comunity can and should develop a new way to use cryptocurrency...

0 USD  but let's not be overconfident.


I don't think any serious darkmarket is foolish enough to start using DRK. If LEOs can ddos tor-nodes (?) to make deepweb busts, I'm sure they can do things to master nodes...
BTW: Doesn't xmr.to allow super anonymous buying for the people who like privacy?

Right, you will eventually be able to trade CKG, which is what I said; you can trade the virtual game items freely with other people. But you are trading it with other players, you are not converting game items back to XMR through the game. The developers have no obligation and likely won't trade back the XMR they earned for virtual game items.

Every time the developers, i.e the "king" sells stuff, land, titles, whatever new content there may be, the "real" money, i.e XMR is siphoned off from the game.

I find it hard to explain my point through text, but CKG is not pegged to XMR just as USD is not pegged to gold. Just as the government can print USD whenever they want, the "king" can "print" land, titles, new content etc, and in all likelihood CKG's value will go way down compared to XMR in the long term.

EDIT: If we assume that X amount of money will go through the game in its lifetime, then the amount of money IN the game will tend to 0 as T tends to infinity, because money that goes to the king is sunk.

This is compared to if CKG or moneritos was really pegged to XMR, ie. there's a way to trade it back from the king/devs, then X can pretty much stay constant (minus a % fee for the developers), then your property/CKG/moneritos etc will be able to keep their value.


EDIT2: Again, I plan on playing the game, but my main point is that the game is just a game, like any other game out there designed to make money for its designers, with possibly the side effect of helping monero become more known.

Right now, it is really trying to advertise itself as almost a sort investment, which it simply isn't. I know, in the game thread they did say that its just a game and all that blah. But the rest of the post and posts after it really downplays that point, and tries to entice people by saying how xxx is worth thousands of XMR. I'm not really comfortable about that. It's like a scam company putting in a little fine print and continues to try to trick people.

I guess we should make this coin (Monero) shine like a sun then.  

This is unfortunately not possible at the moment.