Topic: [XMR] Monero Speculation - page 43. (Read 3313076 times)

Daily RSI getting a little overheated.



But I would love to see us keep going.  And I think the fundamentals are starting to gather like storm clouds.   

The more I think American Pegasus' prediction about gvmt folks hiding value here the more it seems extremely likely.  Latest "Rabbit Hole Recap" has Matt and Marty talking about Ukrainian gvmt officials holding 5 digits of corn.  How do you think a public figure there feels with the world knowing they are bitcoin billionaires?  They are at least starting to dip their toes into this... why wouldn't they?  Even if you lost some value to volatility, where do you want your holdings? Where all the shady criminal types can see it and come up with a plan to kidnap your daughter?  Or hidden?

In that part of the world (and really everywhere) either your finances end up "at the bottom of the sea" after a boating accident, or *YOU* do.

It is becoming OBVIOUS that Monero is the most undervalued crypto project in the whole damn bunch.  We have always known it, of course.  We are the choir.  But the congregants are starting to wake up.

Hold tight brothers.

One good thing about the whole MobileCoin thing is XMR could be in the spotlight again.

Anyway, we got XMR starting to trend back up real nicely against BTC after it had bottomed out at the beginning of the year a tad below .0035. That’s all I care about rn.  What’s done is done.  Signal can go scam themselves.

When called out by fluffy, one of the devs claimed it had nothing to do with Monero (even though it inherited just about all of Moneros code on top of CN) and dissed the Monero codebase.

They did not attribute Monero at all.

The premined the ENTIRE THING and sold it for 80c a coin, launching themselves into instant shitcoin glory to be seen on CMC?  And making it a security for sure.

They are using RIPPLE's consensus mechanism (lol).

The thing is smelly as hell... which means it will probably take over the world. :/

https://www.wired.com/story/signal-mobilecoin-payments-messaging-cryptocurrency/

"Like Monero, MobileCoin uses a protocol called CryptoNote and a technique it integrates known as Ring Confidential Transactions"

https://old.reddit.com/r/Monero/comments/mmrchk/im_happy_to_announce_haveno_the_monero_based_dex/


Apparently is far from being use able, but finally someone started it.  If BisQ did not want to take Monero as native coin it was only way that someone fork BisQ.   Same will happen with Signal. Them not using Monero will just make someone fork Signal and add Monero to it.




That is definitely true. Sad is we will never know who since there can be so many. Fierce-uk is now mod on Zcash subeddit.  Probably they are just so ignorant to add him there and nothing else, but who knows.  What is missed in that reddit post is about a month ago Monero github was spammed and I believe right now no new developers can add code to Monero. Only existing can. Attacks are serious.

Bottom line is Monero was, is and will be attacked all the time. There will be attacks on the network, it will be attacked legally. It will be attacked on every possible way. It dont really mater who is the attacker. What it matters is that what dont kills you it makes you stronger.



What most bothers me is how can people be so ignorant of RandomX almost 2 years after its existence. Andreas Antonopoulos had no ideas about it, same with Peter Todd.  As was seen on twitter we might see both Peter Todd and Howard Chu together in one of the next episode.

This is an interesting write up.  Also interesting it got tagged as an "unreliable source".  (edit- Looks like a bot did this because there was a cointelegraph link in it)

Someone is spending tens of millions of dollars to suppress Monero

https://www.reddit.com/r/CryptoCurrency/comments/mkj20r/someone_is_spending_tens_of_millions_of_dollars/

The sad part is Signal, being part of the open source movement and the whole fighting for our online privacy thing, is using it for their own app.  And the sadder part is people outside the space will think it’s the coolest thing to happen for Signal users.  I mean wow...  Talk about a sell out.

We all have bitcoin brothers. I think its some other forces with that vibe.  (plus they all know about Monero too )

Interesting show.  The host (Doug?  Does he post here?  Dunno) is sort of the super Monero fanboy confirmation bias guy... and Todd is the ultimate adversarial thinker.  So it's like putting baking soda with vinegar.

In the end the both did well and made it interesting.

https://www.youtube.com/watch?v=XSfb96P4Xys

I agree. BTC bashing aside, having an identifiable, prominent, vocal person as the figurehead and/or creator of a crypto project is simply not a good look. No matter how noble their intentions, they are certain to rub at least some people the wrong way. Worse and more important, they give the impression that the project lacks sufficient decentralization. The following individuals and their blockchains are indelibly linked: Ethereum = Buterin, BCH = Ver, Cardano = Hoskinson, Zcash = Zooko, EOS = Larimer, Tron = Sun, XRP= Garlinghouse, BSV = CSW, Binance = CZ and of course the list goes on and on.

Posted by u/SamsungGalaxyPlayer
https://www.reddit.com/r/CryptoCurrency/comments/mm3iw9/mobilecoin_is_a_censored_monero_wannabe_premined/

TL;DR: "If you want a premined, centralized coin that censors transactions, with security assumptions reliant on Intel, and which makes a bunch of VCs rich, then use MobileCoin."

The BCH narrative flag is being carried by the front line Monero evangelists on Twitter and elsewhere now.  And I know there are many here in this thread that also believe the Blockstream = evil, Peer to Peer CASH, whitepaper, NgU is evil etc. thing.

I also think Monero is a better fulfilment of what most of us (possibly SN himself) wanted Bitcoin to be, but I feel like the anti-BTC narratives are more harmful than anything else...

I could be wrong, I guess.

But I have ALWAYS seen BTC and XMR as two sides of a coin.  I am not a fluffy disciple, but I pretty much agree with his (at least public) stances on BTC vs XMR, and the community has drifted towards a Bitcoin hostile vibe that reminds me very much of the Roger Ver type of stance.  I don't like it.  But that's just me.

to moon 🚀

you like BCH & XMR but not BTC, I like BTC & XMR but not BCH "lol"

don't complain fella, i'm also waiting for XMR to make a new ATH, very sure this year it will happen and ^(maybe) we will see XMR at $2k.

-

Yup.  This is why I would not hold more than a trivial amount of value at any of these places in, frankly, any form.  In fact the only reason I would even buy bitcoin at one of these is to "support" them though at this point I do not think they need any support.  The system is up and running.

I have nothing against these orgs, and also believe that TRUSTED layers are a valid and useful evolution of technology.  They offer a set of tradeoffs, as long as we are aware of them, makes what they offer useful to some.

But some folks will likely get burned.  I think we are further along in your dystopic prediction than many would believe.

Yes.  And this detail is lost on most.  Though we are not the only chain with organic growth... our old arch-nemesis DASH comes to mind.

But in time (short time) ways to use BTC transactionally will become more and more appealing and eliminate the other chain's artificial utility.

But for BTC to replace Monero's utility a LOT of work will need to be done, if it is even possible (I think that it is dubious).

I think my 300 by mid may prediction is pretty bearish really.

Yes this is exactly how it will happen. Paypall and co will just write, erase and move numbers in a database. And then will be a financial collapse. Much bigger then it was in 2008 and all those people holding "Bitcoin" there will end empty handed.


Transaction wise yes. Litecoin x4 growth that happened few month ago was because of an onchain game. BCash had a x10 number of transactions growth in last couple of montsh because of some onchain "forum"  I forgot the link, but definitely have nothing to do with medium of exchange.  Monero transactions are pure medium of exchange. No mixers try to hide tracks and no games and stuff.

Just beeing kinky...
If we would take the transaction count as a price estimation for the future from April that would be ~€50.000,- x 7,66% = ~€3.800 

Yeah, Monero's transaction growth is most certainly very bullish.  It's entirely organic and real use oriented. I find it very encouraging.

There are many other chains with good transaction volume, but some of them are just crazy.  ETH is going wild.  And I think it will be the chain that shows us first what happens when nodes have to be run in big data centers and end up centralizing completely.  With a history of rules being changed many times ETH will certainly be the defacto example of a chain of loosely federated consensus nodes, and known active leadership.  I have no real idea what will happen to the various ETH killers/clones.

The bitcoin forks are full of shit mostly in my opinion... but they are probably going to be used transactionally as bitcoin's base layer fees stay high, and before bitcoins layer 2 is still being built out and evolving.  Several other older alt projects will be used that way as well.  Litecoin, Doge, our old friend Dash etc.

But I think people underestimate the many forms Bitcoin will be used transactionally OFF chain.  CashApp, PayPal, etc will emerge as trusted transactional layers for everyday use (ie coffee purchases).  I bet a standard eventually emerges as those companies make agreements to settle between each other off chain as well.  I would not be surprised if they use Liquid.  I think it may become possible to send BTC from a PayPal wallet to a CashApp wallet without touching the base layer. It is still possible lighting overshadows them all, but the UX is still too shitty for it to really win that one today.  However, it will still come along over time.  And once lightning is really working well it might be the layer for power users as well as the settlement layer for the larger orgs.  But until then Liquid is the sleeper... I still think that's goona seem like it came from nowhere eventually.

Most folks will use bitcoin this way.  And they will not care that they are trading privacy for ease and cost.

In time all the computational use cases being built around Ethereum will eventually begin to move to layers on Bitcoin as the tech expands.  People will realize that trying to be the base monetary layer for dapps and running dapps too is having your cake and eating it.

But Bitcoin's privacy issues are really starting to show up as we have known they would.  I love listening to Matt ODell twist himself into gordian knots trying to advocate for best practices for BTC privacy. They have not yet realized that all their coinjoins and use of things like Whirlpool is just going to taint all their holdings.  We really need to see taproot and it's multisig advantages get built out.

SO... I think we are starting to see Monero's next renaissance kick off.  Folks are going to realize that it is currently best in class... and on some levels the only contender.

One concern I have... and I am not done processing it is the recent rise of BCASH like Monero evangelism.  We are seeing a LOT of anti-bitcoin, "Monero is what the whitepaper really meant" type of narrative forming.  And I am not gonna lie.  I hate it.  Not because I disagree with it entirely, but because I think it is ignorant and one dimensional thinking.  And I know there are folks here that might be on the side of the folks pushing that narrative currently.  But I have always seen Monero as a dark companion to bitcoin.  For example which chain would you rather want to see governments use?

On the other hand, which chain do you think governments would be more likely to use.

Interesting times gents!

300 before mid May.

Zoomed out growth of Monero transactions. Average daily translations by quarter.  Q1 of 2021 update.