[XMR] Monero Speculation - page 477.

Nathan047

sr. member

Activity: 504

Merit: 250

Quote from: tokeweed on November 20, 2017, 10:04:22 AM

Satoshi had no idea what he was really doing as far as the cap is concerned. He might just be picking numbers in his head and might have thought that a 21m cap might have been a good idea. IMHO.

I'm gonna guess that 21 million had a mathematical significance combined with a reasonable amount for a global currency.

*Edit: Anon already explained it a few posts up:

Quote from: Anon136 on November 20, 2017, 10:10:30 AM

So there are 2.1 quadrillion currency units that will be produced in the bitcoin system. If you take the total value of all of the money on the planet thats about 60 trillion. If you divide 60 trillion by 2.1 quadrillion you get about 3 cents. So if bitcoin took the place of all money on the planet each currency unit would be worth about 3 cents. Which is a perfect amount of minimum resolution. So that's a pretty good guess where he came up with that figre. Next I'm thinking that he went back and put a decimal in there where he thought a bitcoin would end up being worth about a dollar after it gained a nice little niche community. So one is the wildly optimistic upper bound and the decimal is the realistic lower bound.

KiXiNiT

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Activity: 100

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Quote from: Bitcoinaire on November 20, 2017, 08:54:07 AM

Quote from: cAPSLOCK on November 20, 2017, 12:53:58 AM

Quote from: Bitcoinaire on November 20, 2017, 12:10:05 AM

Quote from: jwinterm on November 19, 2017, 06:57:21 PM

Quote from: garytheasshole on November 19, 2017, 04:54:10 PM

Quote from: Bitcoinaire on November 19, 2017, 04:50:30 PM

This is way off topic but I have bitcoin paper wallets that I want to split the bcash from and buy more monero. Whats the best way to go about doing this?

https://github.com/Bitcoin-ABC/bitcoin-abc and have fun downloading the full bitcoin blockchain, then just import your private keys.

You don't need to sync. Move Bitcoin to new addresses, then import old private keys in electrum cash wallet.

Just wanted to be clear; When I move my coins from a paper wallet, I should move it to a new paper wallet or an exchange like coinbase?
Then I import the old private keys to https://electroncash.org/?

Either choice will work. New paper wallet is more secure. Unless you plan to trade, I'd avoid an exchange.

Thanks

Quote from: explorer on November 20, 2017, 01:58:58 AM

One year ago, XMR was $6. A year before that, it was 40 cents. Today, XMR is $133. One year from now, 1 XMR=$______

$1,000 by the end of 2018 looks to be a conservative expectation.

Conservative? $1,000 by end of 2018

Not sure if serious, might file this in with 0.07 by end of september and $425 by December just to be sure Wink

Millionero

sr. member

Activity: 807

Merit: 423

Quote from: Hueristic on November 19, 2017, 09:14:41 PM

Quote from: Febo on November 19, 2017, 09:01:16 PM

Quote from: Hueristic on November 19, 2017, 07:16:46 PM

Was that you keeping keeping the price depressed the last few months? Oh wait, your a hacked account you can't answer for him.

In last couple months there was traded $5 Billions of Monero. You expect there is someone here who can depress Monero price? This is not 2014 anymore. And I doubt Saudis or Rothschild's care for crypto much.
...

Alot of people don't get my jokes. Tongue

On the internet, nobody hears your jolly tone of voice or sees the twinkle in your eye. If you're using dry humor it's impossible to tell that it's a joke.
Next time put a clown face.

gembitz

hero member

Activity: 1848

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*Brute force will solve any Bitcoin problem*

Quote from: tokeweed on November 20, 2017, 10:04:22 AM

Satoshi had no idea what he was really doing as far as the cap is concerned. He might just be picking numbers in his head and might have thought that a 21m cap might have been a good idea. IMHO.

21 is lucky ~ :-D

Millionero

sr. member

Activity: 807

Merit: 423

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: tokeweed on November 20, 2017, 10:04:22 AM

Satoshi had no idea what he was really doing as far as the cap is concerned. He might just be picking numbers in his head and might have thought that a 21m cap might have been a good idea. IMHO.

So there are 2.1 quadrillion currency units that will be produced in the bitcoin system. If you take the total value of all of the money on the planet thats about 60 trillion. If you divide 60 trillion by 2.1 quadrillion you get about 3 cents. So if bitcoin took the place of all money on the planet each currency unit would be worth about 3 cents. Which is a perfect amount of minimum resolution. So that's a pretty good guess where he came up with that figre. Next I'm thinking that he went back and put a decimal in there where he thought a bitcoin would end up being worth about a dollar after it gained a nice little niche community. So one is the wildly optimistic upper bound and the decimal is the realistic lower bound.

tokeweed

legendary

Activity: 3976

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Life, Love and Laughter...

Satoshi had no idea what he was really doing as far as the cap is concerned. He might just be picking numbers in his head and might have thought that a 21m cap might have been a good idea. IMHO.

generalizethis

legendary

Activity: 1750

Merit: 1036

Facts are more efficient than fud

I would rather rely on a proven system that takes <1% annually than use "fingers crossed guys!" Bitcoin folks have always been chimerical about the cap, but I always assumed Satoshi knew it was just a way to get the greedy into the door.

roboadvisorcoin

member

Activity: 406

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Daily AI cryptos forecasts

we are so proud that our roboadvisor was right with its forecasts about monero: https://roboadvisorcoin.com/ethereum-and-monero-both-up-as-suggested-by-the-robot/

garytheasshole

full member

Activity: 406

Merit: 105

Chosŏn Minjujuŭi Inmin Konghwaguk

Quote from: kwukduck on November 20, 2017, 09:31:23 AM

Quote from: garytheasshole on November 20, 2017, 08:57:39 AM

Quote from: kwukduck on November 20, 2017, 08:48:07 AM

Quote from: ?? on ??

BTC whales adopting Monero is really a double advantage blade, tag my phrases...

Not to pop your bubble, but i doubt there's any whale that would invest in Monero as long as its coin supply is infinite.
Yes i know you call it tail emission which doesn't make it any better. It's by far the worst property of any coin.
It assures people the value will decrease over time.

All the non-arguments about fees not being enough to keep the miners active are so tiresome, there's no evidence to support that claim and completely oversees the fact that it is self balancing system.

Sure some coins get lost here and there but to assume you can even get a rough estimate of how much this would be is delusional. Why would the coin supply need to stay level? What is wrong with remaining coins being more scarce and gaining value?

If somebody were to fork Monero with a hard cap, now THAT would be a serious competitor in the market.

This right now is nothing but a pump and dump. Infinite coins wheeeee, infinite coins for everybody (just because it's 'slow' doesn't matter, still infinite, making the real value exactly 0)

Are you immortal? With only 157680 XMR a year with tail emission it would take 100 years for 15 million additional Moneros to be mined, I hardly call that infinite

Even at current, which many fanatics consider to be low, value, that is 20 million usd which is assumed to get lost.

20 million is not even half of the daily trading volume. See how Monero fairs with Bitcoin's emission https://docs.google.com/spreadsheets/d/1qXi7zUSIh7F6UuSuhOryyFbHEy_LJuym3I3neAga_2s/edit#gid=239466694 And come back.

kwukduck

legendary

Activity: 1937

Merit: 1001

Quote from: garytheasshole on November 20, 2017, 08:57:39 AM

Quote from: kwukduck on November 20, 2017, 08:48:07 AM

Quote from: ?? on ??

BTC whales adopting Monero is really a double advantage blade, tag my phrases...

Not to pop your bubble, but i doubt there's any whale that would invest in Monero as long as its coin supply is infinite.
Yes i know you call it tail emission which doesn't make it any better. It's by far the worst property of any coin.
It assures people the value will decrease over time.

All the non-arguments about fees not being enough to keep the miners active are so tiresome, there's no evidence to support that claim and completely oversees the fact that it is self balancing system.

Sure some coins get lost here and there but to assume you can even get a rough estimate of how much this would be is delusional. Why would the coin supply need to stay level? What is wrong with remaining coins being more scarce and gaining value?

If somebody were to fork Monero with a hard cap, now THAT would be a serious competitor in the market.

This right now is nothing but a pump and dump. Infinite coins wheeeee, infinite coins for everybody (just because it's 'slow' doesn't matter, still infinite, making the real value exactly 0)

Are you immortal? With only 157680 XMR a year with tail emission it would take 100 years for 15 million additional Moneros to be mined, I hardly call that infinite

Even at current, which many fanatics consider to be low, value, that is 20 million usd which is assumed to get lost.

garytheasshole

full member

Activity: 406

Merit: 105

Chosŏn Minjujuŭi Inmin Konghwaguk

Quote from: ?? on ??

Quote from: garytheasshole on November 20, 2017, 09:04:33 AM

Quote from: ?? on ??

What's with the names in here. I already saw a wankalone mentioned. Now I see a garytheasshole. What's next?

I love Monero for the record.

Then you would love Aeon too, I assure you. Join our campaign. Your virgin signature space needs loosening up.

https://bitcointalksearch.org/topic/aeon-voluntary-signature-campaign-1984281

Monero and Aeon are practically brothers sired by none other than Smooth himself.

I appreciate your enthusiasm, but there is so much love I can give, plus I like my current signature.

garytheasshole

full member

Activity: 406

Merit: 105

Chosŏn Minjujuŭi Inmin Konghwaguk

Quote from: ?? on ??

What's with the names in here. I already saw a wankalone mentioned. Now I see a garytheasshole. What's next?

I love Monero for the record.

garytheasshole

full member

Activity: 406

Merit: 105

Chosŏn Minjujuŭi Inmin Konghwaguk

Quote from: kwukduck on November 20, 2017, 08:48:07 AM

Quote from: ?? on ??

BTC whales adopting Monero is really a double advantage blade, tag my phrases...

Not to pop your bubble, but i doubt there's any whale that would invest in Monero as long as its coin supply is infinite.
Yes i know you call it tail emission which doesn't make it any better. It's by far the worst property of any coin.
It assures people the value will decrease over time.

All the non-arguments about fees not being enough to keep the miners active are so tiresome, there's no evidence to support that claim and completely oversees the fact that it is self balancing system.

Sure some coins get lost here and there but to assume you can even get a rough estimate of how much this would be is delusional. Why would the coin supply need to stay level? What is wrong with remaining coins being more scarce and gaining value?

If somebody were to fork Monero with a hard cap, now THAT would be a serious competitor in the market.

This right now is nothing but a pump and dump. Infinite coins wheeeee, infinite coins for everybody (just because it's 'slow' doesn't matter, still infinite, making the real value exactly 0)

Are you immortal? With only 157680 XMR a year with tail emission it would take 100 years for 15 million additional Moneros to be mined, I hardly call that infinite

Bitcoinaire

sr. member

Activity: 696

Merit: 439

Quote from: cAPSLOCK on November 20, 2017, 12:53:58 AM

Quote from: Bitcoinaire on November 20, 2017, 12:10:05 AM

Quote from: jwinterm on November 19, 2017, 06:57:21 PM

Quote from: garytheasshole on November 19, 2017, 04:54:10 PM

Quote from: Bitcoinaire on November 19, 2017, 04:50:30 PM

This is way off topic but I have bitcoin paper wallets that I want to split the bcash from and buy more monero. Whats the best way to go about doing this?

https://github.com/Bitcoin-ABC/bitcoin-abc and have fun downloading the full bitcoin blockchain, then just import your private keys.

You don't need to sync. Move Bitcoin to new addresses, then import old private keys in electrum cash wallet.

Just wanted to be clear; When I move my coins from a paper wallet, I should move it to a new paper wallet or an exchange like coinbase?
Then I import the old private keys to https://electroncash.org/?

Either choice will work. New paper wallet is more secure. Unless you plan to trade, I'd avoid an exchange.

Thanks

Quote from: explorer on November 20, 2017, 01:58:58 AM

One year ago, XMR was $6. A year before that, it was 40 cents. Today, XMR is $133. One year from now, 1 XMR=$______

$1,000 by the end of 2018 looks to be a conservative expectation.

kurious

legendary

Activity: 2604

Merit: 1748

Trolls always welcome, they usually say nothing new, but often presage a hike in price.

Shorting Monero is a riky game, ask wankalone!

kwukduck

legendary

Activity: 1937

Merit: 1001

Quote from: ?? on ??

BTC whales adopting Monero is really a double advantage blade, tag my phrases...

Not to pop your bubble, but i doubt there's any whale that would invest in Monero as long as its coin supply is infinite.
Yes i know you call it tail emission which doesn't make it any better. It's by far the worst property of any coin.
It assures people the value will decrease over time.

All the non-arguments about fees not being enough to keep the miners active are so tiresome, there's no evidence to support that claim and completely oversees the fact that it is self balancing system.

Sure some coins get lost here and there but to assume you can even get a rough estimate of how much this would be is delusional. Why would the coin supply need to stay level? What is wrong with remaining coins being more scarce and gaining value?

If somebody were to fork Monero with a hard cap, now THAT would be a serious competitor in the market.

This right now is nothing but a pump and dump. Infinite coins wheeeee, infinite coins for everybody (just because it's 'slow' doesn't matter, still infinite, making the real value exactly 0)

BivxiuDavi

member

Activity: 92

Merit: 10

Quote from: Hueristic on November 19, 2017, 09:14:41 PM

Quote from: Febo on November 19, 2017, 09:01:16 PM

Quote from: Hueristic on November 19, 2017, 07:16:46 PM

Was that you keeping keeping the price depressed the last few months? Oh wait, your a hacked account you can't answer for him.

In last couple months there was traded $5 Billions of Monero. You expect there is someone here who can depress Monero price? This is not 2014 anymore. And I doubt Saudis or Rothschild's care for crypto much.
...

Alot of people don't get my jokes. Tongue

I really not understand yours jokes. What's the funny things here ? Huh

Billy Bunter

sr. member

Activity: 327

Merit: 252

Funding required for Sarang and Surae Noether our two resident cryptographers. These guys are among our most important assets and will be vital in implementing Bulletproofs.

Please consider contributing as much as you can afford. Every little helps.

https://forum.getmonero.org/8/funding-required

mnemonicsoup

full member

Activity: 200

Merit: 114

Monero mentioned on CNBC Africa as coin with biggest potential with emphasis on corporate use for transactional privacy:

https://youtu.be/eKjnOi9BUiY?t=2m59s

Topic: [XMR] Monero Speculation - page 477. (Read 3314316 times)