Topic: [XMR] Monero Speculation - page 974. (Read 3314350 times)

It's becoming more of an option, slow and steady, as more people look into it and 'get it', they add the option to pay in XMR. People know another currency option like this would be very useful, when the right one comes along it makes sense these communities adopt it.

It may be a coincidence or just an hommage for Satoshi, but yes at that time the Cryptonote protocol came out, Satoshi would have been one of the rare guys able to develop it.
Nicolas van Saberhagen (NS) and Satoshi Nakamoto (SN) and Shen Noether (SN) initials play could be just fun or perhaps a small hint. Would be funny if Satoshi was really involved in the Cryptonote and XMR origins.

TC - Did you ever hear the phrase "don't feed the trolls"...?

Don't reference that mutha fucker.

To get an extra discount you need to buy XMR when NRG shorts. Waite until the price recovers and spend them. 

Personally I am willing to use XMR as a method of payment (why not - I can always buy back those coins from NRG and give him some  cash for jetskis) but the problem is there is no supply of items I want/need with a reliable source.

Well the good news is today I ordered some Modafinil from AlphaBay and paid for it using Monero.

In past times I would usually just find the first bitcoin vendor I came across, but these days I actively seek out those who offer Monero. I'm sure the vendor must be pretty happy. After all, he's going to be getting all my business.

A small market means good business for the vendors that adopt it.

Oh, Brother: IF you boil this down to what YOU must really believe here, you're basically saying that the invention of crypto-currency can never improve.

Which is ridiculous on it's face... LOL

Even you, Mr. Troll-boy, have to concede that it's *possible* that *something* will come along (some day, if not already in the form of XMR) to improve on Satoshi's invention of BITCOIN, as the first iteration of a brand new invention, i.e. a thing that's never existed in the world before.

Hardly any genuine-new-thing can EVER emerge fully-formed and *perfect* in it's first incarnation... that's probably NEVER happened even once in the entire history of the world.

So, JUST give it up, man... the BIG IDEAS here are clearly beyond your comprehension. 

All you can try to do here is tweak newbie's "fear" on the daily price movement of a few cents up or down. 

You ain't doin' shit here, really... ok?  So just GTFO and leave the real conversation to the grownups!  LOL

The next "big thing" will be no other market in 20 years. Vendors and customers want to get rid of these exit scams.

So in the long there will be decentralized markets. Something like SDC -what bty uses TOR and I2P. I couldnt figure out what NXT is using.

Anyway this is the future. Decentralized markets with integrated private payment methods which can also used outside these markets.

XMR is something in between. Its good for now but hardly used. In the long run decentralized markets will become market leaders.

But who knows if somewhen someone will code something like this for XMR. Would be a strong buy argument. The core team cannot do this, would bring them only into trouble.

So it's literally as easy as many act like. There are competitors in every direction. Moreover every day some new technologies are going to be released. Maybe in 1 years everything will be totally different and there will be no more use for this kind of cryptos we know.

DASH was ~45% accepted in Nucleus Market. LTC acceptance was very low there ~10%. If it was used by customers, i don't know. But vendors accept it more than XMR today.

And no, XMR will not adapted to other markets. Look through other established markets and you'll find only negativ feedback to that.

It is 100% safe that AB will somewhen disappear (by no later than 6 month). The markets that are existent to that time won't use XMR.

So since this type of Markets are run by smart criminals they will maybe copy nucleus and AB strategy:

1. Grow
2. Buy a new currency
3. Implement it
4. Make a hype -> Pump & Dump
5. Exit Scam

This community suffers the same hype fanboys like DASH once did. BTC < DASH < XMR < next Gen.

But as we all know, only few get rich in that game. Some others live in the past and never learn by mistakes. Good for the slient readers, good for me, good for winners 

Agreed! There's a huge number of use cases for the Monero style blockchain. That's why it's exciting to me - it can do things Bitcoin absolutely cannot. Bitcoin's core value proposition is that it's a censorship resistant open ledger.. Something very very different and of course, valuable just like XMR is for it's unique feature set.

Most coins that come along, it's fairly easy (in general) to make that case; That using Bitcoin for whatever the new coin's purpose was, works better than bothering with a new coin at all. Most are redundant. But it seems that XMR does fill a legit space in the crypto currency market. Only time will tell of course if that's enough to really give it the market cap it needs to support a bit of price stability and sizable investors. We got a long way to grow, but usually when price corrections happen, they happen so quickly (those big ole upwards ones that come out of nowhere), it's not worth risking too much trying to time the short term..

Who do you think Shen Noether is?

Other people have pointed that out before, i.e. that other anon coins have been given a try-out in the DNM's before but they all failed to stick.

The BIG DIFFERENCE this time, I think, is that NOW there is an increasing use of so-called Chain-Analysis ramping up BIG TIME with bitcoin.

Legit sites/services as well as "underground" are vulnerable to this, for even "legal reasons" like KYC/AML and monitoring middle-ground "gray" uses like online gambling.  Case in point: many people are of the opinion that gambling online in the USA is illegal for the end-user but that's not precisely true.  It's just illegal for banks and other "payment processors" to handle transacting of money into and out of the gambling websites... hence for the most part killing them off entirely *before* bitcoin arrived on the scene.

Therefore, like it or not, "technically legal" or not, IF you have even just innocently *received* a bitcoin that passed thru a gambling website even two or three addresses ago, companies like coinbase and circle and even USA based exchanges like Gemini *CAN* and *WILL* cancel your account and refuse you further services.  

The more and more this happens to just simple NORMAL USERS, even squeaky-clean fully compliant users who would never DREAM of going anywhere near the darknet markets, the more a privacy-focused coin like Monero will appeal to *everyone*.

It's coming, IMHO.... it's just simply a matter of time.

One year?  Five or ten years, etc...?  Hopefully just time enough to stock up enough wealth to retire to a nice private island somewhere

And how exciting would it be if that were somehow to be confirmed? Now that would definitely be a LUNAR moment!

not to mention they're launching without an official dev-team developed GUI as far as I can tell. I mean, what will the people do?

I was thinking the same.. Not sure how much it's increased, but it is sticking around - and very slowly, people are picking it up. The prospect of being in on the ground floor for many of the participants of the DNM's is really nice too. Heaps of people on the markets were around since the early SR days and are well aware of the 'opportunity of a lifetime' that buying a nice chunk of BTC in the $1-20 park would have done for you. Pretty much everyone missed that. One guy even tried to hire me to research XMR and school him on it. I gave him my opinion and let him know I wasn't qualified at all, and he could master it himself quite easily - with a bit of research, I gave him all those good links (he accepts it on quite a few listings now).

Vendors especially, they are very busy and have a lot of risk on their plate each day - but when they get around to researching XMR, if they are satisfied it's truly bringing something new (that BTC can't do) to the table - and that if enough buyers and sellers decide to shift even a portion of their trade into XMR - it would benefit them all very much.  

Not just the inevitable price rise, but having another class of asset to spread the risk. Insurance against unforeseen catastrophic BTC disaster. Splitting the risk/value storage among 2 awesome but unique systems is a good thing. It does not hurt in any way to have an additional working, very private (and this will need to be proven over time, that it does hold up as well as it looks to), currency & store of value, which just so happens to be perfect for this sort of trade.

I am going to do a very simple search and see what numbers I get, I will pick a single item (say, only weed) and post below the results.

I wanted to include the whole world, but there are too many items listed. So I will measure only sellers in "Australia", a country in which DNM use is quite high per capita. I suspect this is because, in comparison to the rest of the world - the price and quality of common street drugs was. It does seem to be coming more in-line with international norms over the past couple years - I doubt DNM's account for enough trade to impact country-wide stats. It's a small group but it is growing, as long as all these (mostly far less harmful than booze) compounds are made illegal, enterprises like these will flourish. Whichever currencies are choice for the trade will earn a constant boost. Here, the best type of money really does win - there's nothing stopping people from using the best currency avaliable. And in this case, until prohibition ends anyway, there's going to be constant demand for these types of currencies.

All vendors, but only 1 category "Cannabis & Hashish" in Australia ONLY:

Individual listings (items) accepting Monero:
31
Individual listings (items) accepting BTC:
316

(9.81 % Accepting Monero - on 21st Oct, in-case I check in say 1 months time)

Some vendors offer Monero for some products and not others, hence the choice to go by individuals item rather than the vendor status (accepting or not), I think this might give a clearer picture.

If anybody is interested, I can check some other categories in this exact way ^

Then, in a month, I could do the same - it would act as a very small indicator of how XMR use is working out.

Like it or not, I do believe XMR will have to be "accepted" by DNM's, just like BTC was, if it's actually going to become anything more than a medium sized project. The DNM's seem to test a currency, they make the decision on if it is suitable - or in this case, if it is advantageous in any way, to BTC, the only real alternative today. It's what's needed to ready it for the world I'd say.

So far, there have been a number of other coins accepted on markets for varying amounts of time. LTC,dash(was it?) and others I don't remember, they all faded away because they were never used. I think it would be useful to check in every month and take some measurements, perhaps the method can be improved a bit, but accurate data on how DNM adoption is going would be a huge clue as to how future adoption will go IMO.

Yes NRG, it is because of your adhd.

We might be actually higher than 10 000 usd in 20 years from now. Exponential growth tends to be the biggest towards the end of the curve. Therefore it is prudent to buy all the time (even small amounts - let the small mean 10000, 100, 1, 0.1 or even 0.001 XMR - any amount is out of the pockets of the trolls).
Consistency is something that is needed + patience. And whenever NRG trolls it is time to increase the amounts you buy.

It would be cool if some entity with enough capital would buy every Monero under 1000 usd. That would make NRG to be quiet as he can sell his coins to the entity and buy nice jetski to his troll cave next to a pond somewhere in Germany.

Polo had a bug... I just tried to set bids for NRG (he likes to get my money and buy something nice to him) but it ended up market buying despite I set the price below the spot...  

this is an underrated point. i've heard people say something like: "even if we think cryptocurrency has a future, we don't know if bitcoin will be the ultimate winner. it could be some other cryptocurrency. therefore, the risk of bitcoin as an investment is very high. it can fail even if cryptocurrency succeeds." but this argument fails to note that if you are involved in cryptocurrency, then you are in a very good position to adapt to the changing landscape whether bitcoin retains its marketshare or not.

for example, if you own 1 bitcoin, and you see that monero fixes a very serious bitcoin flaw, then how much does it cost to hedge against the possibility that bitcoin loses to monero?

the answer is <$6.50

all you have to do is buy an equivalent stake in monero. which is currently less than 1 XMR.

if you watch the top 10 list of cryptocurrencies carefully and spend time learning about each new entry, then you will never be taken by surprise. you will know which ones are a real threat to bitcoin, and which ones are pump and dumps that can be ignored. because the list of coins that are an actual threat to bitcoin is so short, the cost of hedging is not too expensive.

dam i missed the shorting opportunity at 0.0115, that sucks but i will wait for a peak to short(it will only be > -300 XMR). Not sure if the price will go up or down now, we could see another hype/pump followed by 0.007 (was hoping for 0.007 earlier with my last xmr short).

Yeah I have always subscribed to this theory. I guess we will never know for sure.