Topic: [XMR] Monero Speculation - page 2009. (Read 3313076 times)

Darknote has zero volume. And noone cares about it. It wil probably have a big pump and then the a great dump and slowly die. Right now darknote has such a small hashrate, and with a block reward this small, it will stay like this. This is a security risk.

What is the difference between Darknote and XMR ? Is Monero better or not ? If yes, can you just explain me why. It would help me. Thanks !

When I was introduced to crypto it was marketed as a way to hide money out of the system.
Now as those people start to realize it is surprisingly easy to track the owner of  the coins, they might start a massive exodus from Bitcoins to Monero. And this is going to be a bloody rise in Moneros price as the stingy Monero owners refuse to sell coins in quantities. I see this scenario even relatively probable (actually probable enough that I have invested money into xmr before the masses start to flood). The biggest threath for XMR is currently Darkcoin since it has larger marketcap and is kind of leader in our niche.

Thats what people said about BTC in early days.

xmr.to

is the closest we have.

http://www.coindesk.com/breaking-uk-treasury-issues-landmark-digital-currencies-report/


Regulations incoming.

I was wondering, is there a payment processor for monero out? Like code that you can add to your website if youre a merchant to accept moneroj.

How is this for optimistic?  While I had poloniex open my cat walked across my keyboard and market bought some Monero

Most optimistic, monero is the vanguard that not only protects the integrity of what vestiges of a free market we have now but further leads to the creation of a true free market renaissance and destroys the state in the sense that it will be forced to fund its self through voluntary donations only. In this future sure some are wealthier than others, but just like how modern day poor are in some sense wealthier than kings of old, even the poor in the future will be in most ways better off than billionaires today. Most optimistic, monero makes everyone wealthier in ways that we cant even begin to imagine, even people who never touch the stuff.

*edit* though i think its more accurate to frame this in the context of a broader trend of decentralization of which monero is a small (or potentially large) part rather than to put too much weight on the shoulders of this particular project specifically.

Most optimistic requires several generations of technological and social change to occur, each of which is prone to failure, so yeah, its pretty darn optimistic, but basically it boils down to (1) no apocalypse destroying technological society, (2) XMR holdings retaining proportionate share of value, and (3) XMR displacing all competing stores of value and media for exchange without counter-party risk.  PQ = global GDP = MV = 18mm * V, with V somewhere from 1 to 10, probably closer to 1.  And yeah, then growing PQ is necessary to increase your value, so mining the asteroid belt, building a Dyson sphere, etc.  XMR + singularity FTW.

Pointless to discuss really, except that communicating vision is often super-effective.  And this peculiar vision is still very much an option, should we, as a species, chose it.  Which is a lot more than I can say for most pipe-dreams.  Moreover, with each day it seems more and more of a moral imperative.  What other option is there for preserving human dignity and individual liberty?

Regarding hoiding limits, I have relaxed my personal rules for the time-being, on the theory that I can always distribute it later (and will exercise the good sense to do so in a timely manner).  So yeah, I am still accumulating a bit.  More when it was lower, but slowly and steadily.  

The "best case" that I would say is "somewhat realistic" for BTC is around 1m. You can get there with the digital gold use case among others.

I don't really know what the "realistic" best cases are for the XMR/BTC ratio. So the "best case" for XMR that I can compute comes from the catastrophic hedge scenario where it replaces BTC and takes over BTC's upside that I just described.

Most most optimistic - Monero will lead us to transcendence.

Yeah, I was curious what aminorex was thinking of when he typed that, but I'm always happy to hear other people's insights on this, and from all my reading this past month on crypto in general and monero specifically, I've kind of take you as a somewhat authoritative person on the topic, so thanks for your input

For me, I'm not sure what a "most optimistic" scenario would be, but I think a somewhat "realistic most optimistic" hope is that Monero increases 100-200x on BTC, so to about 0.2-0.4BTC/XMR, and BTC goes up by about 100-200x, bringing the total to 10,000-40,000x current value.

you forgot about the massive alien demand for moneroj that is out there in space...
Within a decade the value of 1 XMR will be around a googol ISD* 



*InterStellar Dollars

The most optimistic is pretty damn broad. How about Bitcoin tears itself apart with the bullshit over the block size or some other political crap, LTC is gone by then (could happen within a few months in my view), and Monero is the most credible PoW cryptocurrency project left standing (some of the less dysfunctional Bitcoin developers would likely join and we would welcome them), which then takes off globally within 3-5 years for a valuation well into the trillions. So yes, that is 1m or more.

Before I'm accused of being a pumper, I'm not making a "call" here, but you asked about most optimistic. Honestly I'm not even sure I reached it. I may not be creative enough.

What is the most optimistic scenario in your mind? 4 digits? 5 digits? overtaking bitcoin and reaching a million?

I agree we have a lock on the #2 spot in this space, but something will still have to happen to #1.  And it is only relevant that the #1 privacy coin is deeply flawed insofar as it causes it's decline from the top spot.  I don't see enough evidence that is coming yet. Thoughts there?

both parts cannot be highlighted more

you cannot build something with this specific kind of potential intrinsic value  in any other way

the risk of being overtaken diminishes from day to day

It's really a loop that will feed on itself though. If Monero price keeps going up more of the miners will hoard their coins in speculation that they will be worth more "tomorrow", which then leads to a lower available emission on the exchanges, which then creates a more limited supply -> Leading to more hoarding and so on.

Also since most of XMR trading is done via bitcoin the value of XMR could just be seen fixed to what amount of bitcoin you would get for it (rather than a USD amount). If bitcoin goes up in price lets say back to $1000 and XMR is able to hold its exchange rate relative to bitcoin at 0.0025 (lets say that's the current price) then XMR would be worth almost 5x the fiat price it currently is without having to perform better against bitcoin at all. Also after the rise in price of bitcoin suddenly people turn to altcoins as a way to try to increase their profit margins (since they can rise and fall faster in smaller market caps) which could then actually boost its BTC/XMR exchange rate adding to an even higher USD rate. My example of this happening would be what happened to litecoin after bitcoin went through the roof.

Are you buying Moneros anymore (besides trading)?
If I am not mistaken, I have read you reached your core position around New Year.
Have you been able to yield with your maximum amounts? After all, I assume Bill Gates have no maximum amounts of fiat which he do not want to get.