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Topic: [XMR] Monero Speculation - page 2098. (Read 3313076 times)

legendary
Activity: 2268
Merit: 1141
December 23, 2014, 01:36:50 PM
The MEW voted against an emission change:

https://bitcointalksearch.org/topic/m.9926958

Quote from: David Latapie (core member)
Even though the MEW votes are non-binding for the core team, you may appreciate that so far, votes are unanimously against changing the emission curve.
The total number of voices in MEW is presently 7627
A total of 4070 voices have already been given to option 1 - no change. This is 53% of possible voices, so even in the highly unlikely case that all remaining voices went to option #2, option #1 would stll be selected because it already have absolute majority. The vote is still ongoing, since I wrote that it closes on the 31st of December, but this is mostly symbolic.

So, this is official: MEW asks for the emission curve not to be changed.

And since the core team already thinks the same way, I can safely announce that:

Monero emission curve will not change.

MEW locuta, quaestio soluta


EDIT: I would like to add that currently no one has voted in favour of an emission change. All the members that voted, voted in favour of keeping the current emission.
legendary
Activity: 2268
Merit: 1141
December 23, 2014, 01:36:04 PM
2015 price target 2-3 usd/xmr with minirallies to 6-7$ (0.003-0.005 vs 600 btc/$)
2016 price target 5-15 usd/xmr (0.005-0.015 vs 1000 btc/$)
2017 price target 35-65 usd/xmr (0.015-0.025 vs 2500 btc/$)
2018 price target 125-375 usd/xmr (0.025-0.075 vs 5000 btc/$
2019 price target 750-1000 usd/xmr (0.075-0.1 vs 10000 btc/$)
2020 price target 0 successful government crackdown using a supersecret quantum computer obfuscating ring sigs.

Because 2014 is almost over, let's do some wild predictions  Tongue


OK Here is me gone wild - same thing I suggested for a POC coin:

DEVS will start a crowd funding project on Max Keiser's http://startjoin.com to get some much needed development cash and then one or more of the team will be interviewed by Max on his RT.com show: The Keiser Report. Then Monero to the moon.

This is actually a good idea!

So there are rumours of CKG going to an exchange in the future. Pretty sure it would have a frenzy effect on XMR too if it happens.


What is CKG?

Crypto Kingdom Gold. Crypto Kingdom is a game that uses XMR as its base currency. More info can be found here:

https://bitcointalksearch.org/topic/crypto-kingdom-1991-retro-virtual-worldcity-819073
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
December 23, 2014, 01:05:05 PM
many early btc adopters have a big stake in LTC seeing it as the silver to gold

If that were true, XMR would be platinum.
legendary
Activity: 1512
Merit: 1012
Still wild and free
December 23, 2014, 12:51:55 PM
So there are rumours of CKG going to an exchange in the future. Pretty sure it would have a frenzy effect on XMR too if it happens.
legendary
Activity: 1582
Merit: 1019
011110000110110101110010
December 23, 2014, 12:50:33 PM
2015 price target 2-3 usd/xmr with minirallies to 6-7$ (0.003-0.005 vs 600 btc/$)
2016 price target 5-15 usd/xmr (0.005-0.015 vs 1000 btc/$)
2017 price target 35-65 usd/xmr (0.015-0.025 vs 2500 btc/$)
2018 price target 125-375 usd/xmr (0.025-0.075 vs 5000 btc/$
2019 price target 750-1000 usd/xmr (0.075-0.1 vs 10000 btc/$)
2020 price target 0 successful government crackdown using a supersecret quantum computer obfuscating ring sigs.

Because 2014 is almost over, let's do some wild predictions  Tongue


OK Here is me gone wild - same thing I suggested for a POC coin:

DEVS will start a crowd funding project on Max Keiser's http://startjoin.com to get some much needed development cash and then one or more of the team will be interviewed by Max on his RT.com show: The Keiser Report. Then Monero to the moon.
sr. member
Activity: 283
Merit: 250
December 23, 2014, 12:37:52 PM
2015 price target 2-3 usd/xmr with minirallies to 6-7$ (0.003-0.005 vs 600 btc/$)
2016 price target 5-15 usd/xmr (0.005-0.015 vs 1000 btc/$)
2017 price target 35-65 usd/xmr (0.015-0.025 vs 2500 btc/$)
2018 price target 125-375 usd/xmr (0.025-0.075 vs 5000 btc/$
2019 price target 750-1000 usd/xmr (0.075-0.1 vs 10000 btc/$)
2020 price target 0 successful government crackdown using a supersecret quantum computer obfuscating ring sigs.

Because 2014 is almost over, let's do some wild predictions  Tongue
legendary
Activity: 1092
Merit: 1000
December 23, 2014, 11:52:43 AM
I just fulfilled my dream to reach a specific percentage of the current bitcoin supply, it took me just a little more than a year. Smiley
My next goal is to accumulate 0,1% of the current monero supply. For that, i will buy daily for 12$(that is everything i can afford  Roll Eyes). It's not much, and all you whales will make fun of me, but it adds up over time and I still really like the coin and the people who are involved in it. (and obviously the conversations in this topic)

Overall I think the current price is a great long term opportunity. Especially if you keep in mind the slowing inflation, the future development milestones and the need for anonymity.


Warmly welcome. Not the worst timing to start constant stacking.
legendary
Activity: 2268
Merit: 1141
December 23, 2014, 10:17:21 AM
I just fulfilled my dream to reach a specific percentage of the current bitcoin supply, it took me just a little more than a year. Smiley
My next goal is to accumulate 0,1% of the current monero supply. For that, i will buy daily for 12$(that is everything i can afford  Roll Eyes). It's not much, and all you whales will make fun of me, but it adds up over time and I still really like the coin and the people who are involved in it. (and obviously the conversations in this topic)

Overall I think the current price is a great long term opportunity. Especially if you keep in mind the slowing inflation, the future development milestones and the need for anonymity.

I think they won't make fun of you, people like you are just the people we need.
legendary
Activity: 1473
Merit: 1086
December 23, 2014, 10:13:40 AM
I just fulfilled my dream to reach a specific percentage of the current bitcoin supply, it took me just a little more than a year. Smiley
My next goal is to accumulate 0,1% of the current monero supply. For that, i will buy daily for 12$(that is everything i can afford  Roll Eyes). It's not much, and all you whales will make fun of me, but it adds up over time and I still really like the coin and the people who are involved in it. (and obviously the conversations in this topic)

Overall I think the current price is a great long term opportunity. Especially if you keep in mind the slowing inflation, the future development milestones and the need for anonymity.
legendary
Activity: 2968
Merit: 1198
December 23, 2014, 09:00:48 AM

It would require extensive modifications, and not really be the same code base anymore in a useful sense. Also, he never volunteered to do that (even for pay), he simply decided to go take other work that didn't have a learning curve.


It looks like "mixcoin" wanted to do ring signatures on the satoshi codebase but the project was abandoned.

https://cryptocointalk.com/topic/13012-pre-ann-mixcoin-mix-1st-satoshi-cryptonote-true-anontech/

Probably not as easy as "Just graft it on, bro."

That and ring signatures aren't the whole thing. There are some pretty good reasons for other aspects of the design that aren't entirely bitcoin-like. For example, the dynamic block sizes and penalty rules are not only an improvement (or at least arguably an improvement) over Bitcoin in terms of being able to scale up without needing a hard fork, but also serve to limit spamming/sybil attacks that could compromise anonymity.

A lot of thought went into the entire design, and we are still learning how some of the pieces fit together (a process complicated by the fact that it was left unfinished by the original designer, not entirely unlike bitcoin).



legendary
Activity: 2968
Merit: 1198
December 23, 2014, 08:57:09 AM
https://twitter.com/petertoddbtc/status/525053405740294145

"You know, I quit Monero because I disagreed with their direction, but I'm not going to gloat about them failing."

I'm curious as to what exactly Peter Todd disagrees. Can anyone fill me in?

His other work is all done on the Bitcoin code base and he didn't like the idea of using a different code base. Part of that was philosophical but part of it was just practical in terms of not wanting to climb up a steeper learning curve for one project (he works on many).


Is that possible? I always understood that the different codebase was sort of a requierement for this tech to be implemented correctly.

That is pretty much true. It is possible but not really all that practical. It would require extensive modifications, and not really be the same code base anymore in a useful sense. Also, he never volunteered to do that (even for pay), he simply decided to go take other work that didn't have a learning curve.


What does this bold part mean?

'It is possible, but the implementation-side has to be redone entirely'?

It means it would be so extensively modified to be almost unrecognizable by the time you were done.

Monero was just not a good fit for the type of work Peter wanted to do, which was to focus on working on coins that all use the same code base so his existing knowledge of the code would be valuable and provide synergies for him between projects. That's exactly what he told us.


sr. member
Activity: 283
Merit: 250
December 23, 2014, 08:09:36 AM
https://twitter.com/petertoddbtc/status/525053405740294145

"You know, I quit Monero because I disagreed with their direction, but I'm not going to gloat about them failing."

I'm curious as to what exactly Peter Todd disagrees. Can anyone fill me in?

His other work is all done on the Bitcoin code base and he didn't like the idea of using a different code base. Part of that was philosophical but part of it was just practical in terms of not wanting to climb up a steeper learning curve for one project (he works on many).


Is that possible? I always understood that the different codebase was sort of a requierement for this tech to be implemented correctly.

That is pretty much true. It is possible but not really all that practical. It would require extensive modifications, and not really be the same code base anymore in a useful sense. Also, he never volunteered to do that (even for pay), he simply decided to go take other work that didn't have a learning curve.


What does this bold part mean?

'It is possible, but the implementation-side has to be redone entirely'?
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
December 23, 2014, 08:06:44 AM

It would require extensive modifications, and not really be the same code base anymore in a useful sense. Also, he never volunteered to do that (even for pay), he simply decided to go take other work that didn't have a learning curve.


It looks like "mixcoin" wanted to do ring signatures on the satoshi codebase but the project was abandoned.

https://cryptocointalk.com/topic/13012-pre-ann-mixcoin-mix-1st-satoshi-cryptonote-true-anontech/

Probably not as easy as "Just graft it on, bro."
legendary
Activity: 2968
Merit: 1198
December 23, 2014, 07:55:52 AM
https://twitter.com/petertoddbtc/status/525053405740294145

"You know, I quit Monero because I disagreed with their direction, but I'm not going to gloat about them failing."

I'm curious as to what exactly Peter Todd disagrees. Can anyone fill me in?

His other work is all done on the Bitcoin code base and he didn't like the idea of using a different code base. Part of that was philosophical but part of it was just practical in terms of not wanting to climb up a steeper learning curve for one project (he works on many).


Is that possible? I always understood that the different codebase was sort of a requierement for this tech to be implemented correctly.

That is pretty much true. It is possible but not really all that practical. It would require extensive modifications, and not really be the same code base anymore in a useful sense. Also, he never volunteered to do that (even for pay), he simply decided to go take other work that didn't have a learning curve.
sr. member
Activity: 283
Merit: 250
December 23, 2014, 07:49:26 AM
https://twitter.com/petertoddbtc/status/525053405740294145

"You know, I quit Monero because I disagreed with their direction, but I'm not going to gloat about them failing."

I'm curious as to what exactly Peter Todd disagrees. Can anyone fill me in?

His other work is all done on the Bitcoin code base and he didn't like the idea of using a different code base. Part of that was philosophical but part of it was just practical in terms of not wanting to climb up a steeper learning curve for one project (he works on many).


Is that possible? I always understood that the different codebase was sort of a requierement for this tech to be implemented correctly.
legendary
Activity: 2968
Merit: 1198
December 23, 2014, 07:48:06 AM

The distinction I make is why they hold it. If they hold it because moon, then that is speculation. If they hold it because it is actually useful to spend (maybe not now, but perhaps next week or next month) that is adoption.


Thats a long long away, my dear friend. Even Bitcoin is being held mainly for speculation.

Agreed. Some seemed to take issue with me on that point.
legendary
Activity: 2968
Merit: 1198
December 23, 2014, 07:46:57 AM
https://twitter.com/petertoddbtc/status/525053405740294145

"You know, I quit Monero because I disagreed with their direction, but I'm not going to gloat about them failing."

I'm curious as to what exactly Peter Todd disagrees. Can anyone fill me in?

His other work is all done on the Bitcoin code base and he didn't like the idea of using a different code base. Part of that was philosophical but part of it was just practical in terms of not wanting to climb up a steeper learning curve for one project (he works on many).



hero member
Activity: 639
Merit: 500
December 23, 2014, 07:46:12 AM

The distinction I make is why they hold it. If they hold it because moon, then that is speculation. If they hold it because it is actually useful to spend (maybe not now, but perhaps next week or next month) that is adoption.


Thats a long long away, my dear friend. Even Bitcoin is being held mainly for speculation.

All of us investing are speculators, some of them being more speculative than others. Monero to me falls in the more speculative but not purely speculative to me.
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
December 23, 2014, 07:42:02 AM
https://twitter.com/petertoddbtc/status/525053405740294145

Quote
You know, I quit Monero because I disagreed with their direction, but I'm not going to gloat about them failing.

I'm curious as to what exactly Peter Todd disagrees. Can anyone fill me in?

EDIT:

I think I figured it out.

https://twitter.com/petertoddbtc/status/507427225927708672

Quote
The Cryptonote/Bytecoin codebase #XMR is based on is atrociously bad, orders of magnitude worse than #Bitcoin.

https://twitter.com/petertoddbtc/status/507427586910486528

Quote
#XMR should take the ring sigs and graft them onto the Satoshi codebase,
full member
Activity: 238
Merit: 100
December 23, 2014, 06:32:34 AM
The next things aside with the wallet (other than mymonero) is to make merchant tools for Monero.
Then establishing webshops selling groceries, hardware, you name it.

If the webshops even keep some percentage of Moneros without dumping it, it will create marketcap for the coin since there is some value which the webshops create, stored into Monero.

I think the merchant tools and especially after that webshops are the largest challenge for 2015.

This requires also more liquid markets (which is enabled partially by Moneroclub btw).

Sure. But if we regard monero as the ultimate wealth preservation tool, as the New Gold, then the actual practical usability is not a hindrance to the adoption. The adoption numbers may not be high (the same with gold - in most countries people don't have wealth to preserve, nor the understanding to do it even if they had some), but the adopters will be informed and ardent. Just like the situation with Monero and CK is.



Dear Friend,
Recently,i found the more you talk,the lower the price goes down.Due to your comments,why fewer people refuse to accept this?Because more and more people lose their interest in monero,the price goes downtrend.
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