[XMR] Monero Speculation - page 207.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Amazingly, I think at least a little bit of Monero's slump today is due to what seems to be a bit of FUD executed by FAKESATOSHI.

https://twitter.com/ProfFaustus/status/1061229656081350656

He also took shots specifically at Monero in his recent interview with Tone Vays. The interview is *somehwt* interesting as it discusses the upcoming BCHABC BCHSV fork which should be pretty interesting IMO..

But here is the Monero/Privicy coin section.

https://youtu.be/ACEUOCoVvmw?t=3564

pattyking18

newbie

Activity: 7

Merit: 0

Quote from: aminorex on April 15, 2018, 10:03:13 AM

Ok, I have some thinkingtime now, as I actually filed IRS, CRA, NYS ahead of the deadline for once. (My happiest tax payment ever thanks to forethought and a god-send of an accountant.) So now it is time to speculate.

Winter is ending. Barring major persistent geopolitical shock, U.S. stocks should have a blow off top this Summer, but I don't expect BTC new highs, nor XMR, until fall. My EOY central estimates are now SPX 2700±200 (after a 3000+ ATH), BTC 25000±5000 (no extrema), XMR 900±300 (no extrema) with UST to end closer to 2% than today, after a low near 3%. ± factors are roughly proportionate to estimated volatility, obvly. In 2019 the crypto/equity ratio should, on balance, increase, out to 2024 before reversing the cycle trend. For Summer I like oil and coal, and for EOY I hate industrial metals.

I admit experiencing some schadenfreude when observing that XMR is at 40% of it's highs while ZEC (the nearest functional comparable) is at 30% of it's highs. (Is the market saying XMR is 33% better?) Time will out whether the levels or the volatilities hold the stronger trend, but I expect a middle course as they both recover, disregarding for the moment both fundamentals and catalysing events.

Time is running out and you're close to being dead wrong on BTC and XMR.

joroz

member

Activity: 62

Merit: 14

Quote from: generalizethis on November 06, 2018, 06:49:14 AM

But fungibility isn't one. I'm talking about the stated goal of being "electronic cash," which has been kick the can down the road problem for years with add on features that never address the issue head on. If anyone thinks that BTC will become cash in the next year, I'll take their bet.

Here's a guy you may want to speak to if you want to make that bet:

https://twitter.com/austorms/status/1055635490030919680

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Yo dip into my buy dammit!

Billy Bunter

sr. member

Activity: 327

Merit: 252

Quote from: elrippos friend on November 06, 2018, 01:53:45 PM

Mid of November going to be interesting Grin

Are you referring to Bakkt? I don't pretend to understand much about this market but it seems there are conflicting opinions as to the effect of Bakkt on the price of Bitcoin. There seems to be little price appreciation so far and we're less than five weeks away.

phishead

hero member

Activity: 1873

Merit: 840

Keep what's important, and know who's your friend

Quote from: tokeweed on November 07, 2018, 09:05:18 AM

Quote from: cAPSLOCK on November 06, 2018, 10:33:05 AM

Quote from: generalizethis on November 06, 2018, 06:49:14 AM

Quote from: tokeweed on November 06, 2018, 06:42:03 AM

^ Wtf. Lol.

Quote from: cAPSLOCK on November 05, 2018, 01:13:19 PM

Quote from: generalizethis on November 05, 2018, 09:24:55 AM

scale of testing != best implementation

The bug recently found underscores that even BTC, with its obvious limitations, isn't flawless or vetted enough. Also, there's the well-known fact, at least in this neck of the woods, that Bitcoin's aim to be an "eletronic cash" hasn't panned out.

If you had one job to do and couldn't do it, would you consider yourself the best?

I tend to fall on the small block (at least for now) side of that argument, and believe bitcoin will find it's way in the end.

Montero does an interesting job of pointing to a lot of possible solutions though...

Yup and I tend to agree with the 'if you wanna scale, you should go off chain' argument. I think some Montereans would tend to agree too.

And generalizethis, Monero had its share of flaws too.

But fungibility isn't one. I'm talking about the stated goal of being "electronic cash," which has been kick the can down the road problem for years with add on features that never address the issue head on. If anyone thinks that BTC will become cash in the next year, I'll take their bet.

This is an interesting discussion. Have you considered that fungibility could be pretty strong on layer 2? Granted this leaves us with a completely transparant base layer which presents it's own challenges.

This is actually at the crux why I believe Monero has a very unique value proposition. It is fundamentally something bitcoin may never be able to fundamentally be.

It's actually something BTC must not be cos if it goes that route (if it can) then it's value proposition as a transparent and accountable blockchain would be lost. I think there's value in everybody being able to audit and account everything with our own eyes than just trusting something to actually work (like Monero). Not saying it's a bad thing... As cAPSLOCK said, XMR has its own value proposition for a different class of people (good and bad).

Wait, regarding the bolded text, are you suggesting that Monero is not accountable? Because you can... Huh

And regarding "fungible layer 2" argument, I want to respond in the form of a question... Let's just say we are talking about Bitcoin. What happens when the entire (>51%) Bitcoin economy goes off-chain? Better yet, would you be ok accepting a payment for a good/service you were selling, only to have to go back on-chain in order to exchange for fiat, and then you find out that your Coinbase account gets frozen because your coins are tainted in some way not suitable for them?

Opt-in transparency is the only logical solution for fungibility

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Ha

https://blockmanity.com/news/bitcoin/early-bitcoin-adopter-gavin-newsom-gets-elected-governor-of-california/

Quote

There have been controversies this year over politicians accepting Cryptocurrency donations to their campaigns. Due to worries about foreign interference especially with the use of privacy coins like Monero,

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Shit forgot a few old sells I had from when the price was .0145 @ .0172 for spikes and they got filled.

Now I gotta buy back in the dip.

johnfoss

full member

Activity: 142

Merit: 130

The Monero Moon (Issue 9) is out now. Get your weekly Monero newsletter fix right here kids!
https://medium.com/@johnfoss/the-monero-moon-issue-9-f05526401aa3

georgemamat

member

Activity: 476

Merit: 75

Monero seems to have a much greater power in the future. It is a really impressive project and it performs well. Monero is one of the most solid projects in this market.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: cAPSLOCK on November 06, 2018, 10:33:05 AM

Quote from: generalizethis on November 06, 2018, 06:49:14 AM

Quote from: tokeweed on November 06, 2018, 06:42:03 AM

^ Wtf. Lol.

Quote from: cAPSLOCK on November 05, 2018, 01:13:19 PM

Quote from: generalizethis on November 05, 2018, 09:24:55 AM

scale of testing != best implementation

The bug recently found underscores that even BTC, with its obvious limitations, isn't flawless or vetted enough. Also, there's the well-known fact, at least in this neck of the woods, that Bitcoin's aim to be an "eletronic cash" hasn't panned out.

If you had one job to do and couldn't do it, would you consider yourself the best?

I tend to fall on the small block (at least for now) side of that argument, and believe bitcoin will find it's way in the end.

Montero does an interesting job of pointing to a lot of possible solutions though...

Yup and I tend to agree with the 'if you wanna scale, you should go off chain' argument. I think some Montereans would tend to agree too.

And generalizethis, Monero had its share of flaws too.

But fungibility isn't one. I'm talking about the stated goal of being "electronic cash," which has been kick the can down the road problem for years with add on features that never address the issue head on. If anyone thinks that BTC will become cash in the next year, I'll take their bet.

This is an interesting discussion. Have you considered that fungibility could be pretty strong on layer 2? Granted this leaves us with a completely transparant base layer which presents it's own challenges.

This is actually at the crux why I believe Monero has a very unique value proposition. It is fundamentally something bitcoin may never be able to fundamentally be.

It's actually something BTC must not be cos if it goes that route (if it can) then it's value proposition as a transparent and accountable blockchain would be lost. I think there's value in everybody being able to audit and account everything with our own eyes than just trusting something to actually work (like Monero). Not saying it's a bad thing... As cAPSLOCK said, XMR has its own value proposition for a different class of people (good and bad).

elrippos friend

full member

Activity: 1179

Merit: 210

only hodl what you understand and love!

Mid of November going to be interesting Grin

Billy Bunter

sr. member

Activity: 327

Merit: 252

Quote from: generalizethis on November 06, 2018, 06:49:14 AM

Quote from: tokeweed on November 06, 2018, 06:42:03 AM

^ Wtf. Lol.

Quote from: cAPSLOCK on November 05, 2018, 01:13:19 PM

Quote from: generalizethis on November 05, 2018, 09:24:55 AM

scale of testing != best implementation

The bug recently found underscores that even BTC, with its obvious limitations, isn't flawless or vetted enough. Also, there's the well-known fact, at least in this neck of the woods, that Bitcoin's aim to be an "eletronic cash" hasn't panned out.

If you had one job to do and couldn't do it, would you consider yourself the best?

I tend to fall on the small block (at least for now) side of that argument, and believe bitcoin will find it's way in the end.

Montero does an interesting job of pointing to a lot of possible solutions though...

Yup and I tend to agree with the 'if you wanna scale, you should go off chain' argument. I think some Montereans would tend to agree too.

And generalizethis, Monero had its share of flaws too.

But fungibility isn't one. I'm talking about the stated goal of being "electronic cash," which has been kick the can down the road problem for years with add on features that never address the issue head on. If anyone thinks that BTC will become cash in the next year, I'll take their bet.

I'm not sure that 'electronic cash' is a problem that BTC can't or won't address - at least, not yet. No doubt the ideas surrounding the purpose of BTC have changed over the years, but if BTC is to follow the narrative as illustrated by, among others, Vijay Boyapati (see https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-part-3-of-4-2e2c002593f1) then BTC must first become an established and trusted SOV before it can ever become a MOE. That will be some years yet - definitely not in the next year.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: generalizethis on November 06, 2018, 06:49:14 AM

Quote from: tokeweed on November 06, 2018, 06:42:03 AM

^ Wtf. Lol.

Quote from: cAPSLOCK on November 05, 2018, 01:13:19 PM

Quote from: generalizethis on November 05, 2018, 09:24:55 AM

scale of testing != best implementation

The bug recently found underscores that even BTC, with its obvious limitations, isn't flawless or vetted enough. Also, there's the well-known fact, at least in this neck of the woods, that Bitcoin's aim to be an "eletronic cash" hasn't panned out.

If you had one job to do and couldn't do it, would you consider yourself the best?

I tend to fall on the small block (at least for now) side of that argument, and believe bitcoin will find it's way in the end.

Montero does an interesting job of pointing to a lot of possible solutions though...

Yup and I tend to agree with the 'if you wanna scale, you should go off chain' argument. I think some Montereans would tend to agree too.

And generalizethis, Monero had its share of flaws too.

But fungibility isn't one. I'm talking about the stated goal of being "electronic cash," which has been kick the can down the road problem for years with add on features that never address the issue head on. If anyone thinks that BTC will become cash in the next year, I'll take their bet.

This is an interesting discussion. Have you considered that fungibility could be pretty strong on layer 2? Granted this leaves us with a completely transparant base layer which presents it's own challenges.

This is actually at the crux why I believe Monero has a very unique value proposition. It is fundamentally something bitcoin may never be able to fundamentally be.

generalizethis

legendary

Activity: 1750

Merit: 1036

Facts are more efficient than fud

Quote from: tokeweed on November 06, 2018, 06:42:03 AM

^ Wtf. Lol.

Quote from: cAPSLOCK on November 05, 2018, 01:13:19 PM

Quote from: generalizethis on November 05, 2018, 09:24:55 AM

scale of testing != best implementation

The bug recently found underscores that even BTC, with its obvious limitations, isn't flawless or vetted enough. Also, there's the well-known fact, at least in this neck of the woods, that Bitcoin's aim to be an "eletronic cash" hasn't panned out.

If you had one job to do and couldn't do it, would you consider yourself the best?

I tend to fall on the small block (at least for now) side of that argument, and believe bitcoin will find it's way in the end.

Montero does an interesting job of pointing to a lot of possible solutions though...

Yup and I tend to agree with the 'if you wanna scale, you should go off chain' argument. I think some Montereans would tend to agree too.

And generalizethis, Monero had its share of flaws too.

But fungibility isn't one. I'm talking about the stated goal of being "electronic cash," which has been kick the can down the road problem for years with add on features that never address the issue head on. If anyone thinks that BTC will become cash in the next year, I'll take their bet.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

^ Wtf. Lol.

Quote from: cAPSLOCK on November 05, 2018, 01:13:19 PM

Quote from: generalizethis on November 05, 2018, 09:24:55 AM

scale of testing != best implementation

The bug recently found underscores that even BTC, with its obvious limitations, isn't flawless or vetted enough. Also, there's the well-known fact, at least in this neck of the woods, that Bitcoin's aim to be an "eletronic cash" hasn't panned out.

If you had one job to do and couldn't do it, would you consider yourself the best?

I tend to fall on the small block (at least for now) side of that argument, and believe bitcoin will find it's way in the end.

Montero does an interesting job of pointing to a lot of possible solutions though...

Yup and I tend to agree with the 'if you wanna scale, you should go off chain' argument. I think some Montereans would tend to agree too.

And generalizethis, Monero had its share of flaws too.

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Quote from: boomboom on November 05, 2018, 09:19:39 PM

Quote from: tokeweed on November 05, 2018, 08:01:40 AM

But we should also consider that BTC is still the best implementation of a cryptocurrency. And if there was something that's gonna outlive every coin in the space, it's still gonna be BTC imho.

The rest haven't really been tested at the same scale that BTC has.

The lasting legacy of Bitcoin will be the total market cap of the cryptosphere, this pool of wealth is only 10 years old, and unlike any other in human history, it is free of conventional control, growing over time, and can morph itself into other forms almost immediately with minimal costs. Bitcoin and all other current crypto tokens might not exist in 10 years, but the pool of wealth will, it will continue morphing into new tokens by new tech as long as humans exist.

I liked your post, this is what I thought of after...

boomboom

hero member

Activity: 1068

Merit: 523

Quote from: tokeweed on November 05, 2018, 08:01:40 AM

But we should also consider that BTC is still the best implementation of a cryptocurrency. And if there was something that's gonna outlive every coin in the space, it's still gonna be BTC imho.

The rest haven't really been tested at the same scale that BTC has.

The lasting legacy of Bitcoin will be the total market cap of the cryptosphere, this pool of wealth is only 10 years old, and unlike any other in human history, it is free of conventional control, growing over time, and can morph itself into other forms almost immediately with minimal costs. Bitcoin and all other current crypto tokens might not exist in 10 years, but the pool of wealth will, it will continue morphing into new tokens by new tech as long as humans exist.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: tokeweed on November 05, 2018, 08:01:40 AM

But we should also consider that BTC is still the best implementation of a cryptocurrency. And if there was something that's gonna outlive every coin in the space, it's still gonna be BTC imho.

The rest haven't really been tested at the same scale that BTC has.

https://medium.com/s/story/the-domestication-of-cryptocurrency-acc832a0ad1c

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: generalizethis on November 05, 2018, 09:24:55 AM

scale of testing != best implementation

The bug recently found underscores that even BTC, with its obvious limitations, isn't flawless or vetted enough. Also, there's the well-known fact, at least in this neck of the woods, that Bitcoin's aim to be an "eletronic cash" hasn't panned out.

If you had one job to do and couldn't do it, would you consider yourself the best?

I tend to fall on the small block (at least for now) side of that argument, and believe bitcoin will find it's way in the end.

Montero does an interesting job of pointing to a lot of possible solutions though...

Topic: [XMR] Monero Speculation - page 207. (Read 3313076 times)