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americanpegasus



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Hero MemberActivity: 770Merit: 500 Re: [XMR] Monero Speculation May 13, 2015, 10:35:52 PM #5663 I will. Intermediate goal is to save up and reach the 10,000 Monero mark (almost there). I'm pretty sure that should put me in/around the top 100 current holders.



I mean, it's at 50 cents parity before we even have a solid graphical wallet (which sounds juicy from what the devs are saying), and we're only on one reputable exchange.



I like these odds. I'll poke around and learn more about it over the coming weeks. I'm still in the first chapters of my "Mathematical Introduction to Cryptography" so I probably won't be able to contribute much technically. I have other talents though. Account is back under control of the real AmericanPegasus.

binaryFate



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Still wild and free







LegendaryActivity: 1456Merit: 1001Still wild and free Re: [XMR] Monero Speculation May 13, 2015, 10:57:41 PM #5664 Quote from: americanpegasus on May 13, 2015, 10:35:52 PM I will. Intermediate goal is to save up and reach the 10,000 Monero mark (almost there). I'm pretty sure that should put me in/around the top 100 current holders.



I mean, it's at 50 cents parity before we even have a solid graphical wallet (which sounds juicy from what the devs are saying), and we're only on one reputable exchange.



I like these odds. I'll poke around and learn more about it over the coming weeks. I'm still in the first chapters of my "Mathematical Introduction to Cryptography" so I probably won't be able to contribute much technically. I have other talents though.



Indeed. Naysayers constantly complain at the lack of things *they* consider as fundamental (which truly are not), like GUI. They don't realize that the fact it's not there yet is part of the "investment", if you come to Monero as an investment. A gigantic potential value lays completely unrealized yet. Indeed. Naysayers constantly complain at the lack of things *they* consider as fundamental (which truly are not), like GUI. They don't realize that the fact it's not there yet is part of the "investment", if you come to Monero as an investment. A gigantic potential value lays completely unrealized yet. Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's.

This makes Monero a better candidate to deserve the term "digital cash".

celestio



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Sr. MemberActivity: 770Merit: 250 Re: [XMR] Monero Speculation May 13, 2015, 11:04:16 PM #5665 I've grown sentimentally attached to this currency even though all my $ is currently in fiat. Kind of ironic I know, but goes to show that you can have faith in things without any personal selfish financial goal in mind. "The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime" - Satoshi Nakamoto, June 17, 2010

jehst



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21 million. I want them all.







Hero MemberActivity: 798Merit: 100021 million. I want them all. Re: [XMR] Monero Speculation May 14, 2015, 12:13:44 AM #5666 Americanpegasus, was it you that caused the big bitcoin dump today? Year 2021

Bitcoin Supply: ~90% mined

Supply Inflation: <1.8%

ArticMine



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Monero Core Team







LegendaryActivity: 2268Merit: 1041Monero Core Team Re: [XMR] Monero Speculation May 14, 2015, 04:36:03 AM #5669 Quote from: americanpegasus on May 13, 2015, 10:35:52 PM I will. Intermediate goal is to save up and reach the 10,000 Monero mark (almost there). I'm pretty sure that should put me in/around the top 100 current holders.



I mean, it's at 50 cents parity before we even have a solid graphical wallet (which sounds juicy from what the devs are saying), and we're only on one reputable exchange.



I like these odds. I'll poke around and learn more about it over the coming weeks. I'm still in the first chapters of my "Mathematical Introduction to Cryptography" so I probably won't be able to contribute much technically. I have other talents though.



Welcome. Your are not the only one because there was an over 20,000 XMR spike just over an hour ago. Welcome. Your are not the only one because there was an over 20,000 XMR spike just over an hour ago. Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card

Bassica



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Sr. MemberActivity: 280Merit: 250 Re: [XMR] Monero Speculation May 14, 2015, 12:08:41 PM #5670 Quote from: ArticMine on May 14, 2015, 04:36:03 AM Quote from: americanpegasus on May 13, 2015, 10:35:52 PM I will. Intermediate goal is to save up and reach the 10,000 Monero mark (almost there). I'm pretty sure that should put me in/around the top 100 current holders.



I mean, it's at 50 cents parity before we even have a solid graphical wallet (which sounds juicy from what the devs are saying), and we're only on one reputable exchange.



I like these odds. I'll poke around and learn more about it over the coming weeks. I'm still in the first chapters of my "Mathematical Introduction to Cryptography" so I probably won't be able to contribute much technically. I have other talents though.



Welcome. Your are not the only one because there was an over 20,000 XMR spike just over an hour ago.

Welcome. Your are not the only one because there was an over 20,000 XMR spike just over an hour ago.

Indeed, that was a solid marketbuy, and a smart one for that matter. Some of the bidwall action is moving forward already. It's looking good technically. Indeed, that was a solid marketbuy, and a smart one for that matter. Some of the bidwall action is moving forward already. It's looking good technically.

DaveyJones



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Hero MemberActivity: 768Merit: 505 Re: [XMR] Monero Speculation May 14, 2015, 12:35:21 PM #5672 Quote from: rpietila on May 14, 2015, 12:18:29 PM Quote from: binaryFate on May 13, 2015, 10:57:41 PM Indeed. Naysayers constantly complain at the lack of things *they* consider as fundamental (which truly are not), like GUI. They don't realize that the fact it's not there yet is part of the "investment", if you come to Monero as an investment. A gigantic potential value lays completely unrealized yet.



What I mentioned some time ago, but got sidetracked, The Monero Investment Group and its associated website, it is now coming to fruition. I found a new partner and the idea is to make an introduction/resource website for XMR investment, not at all focused on the technical side of things, such as the blockchain, wallets, security or anything that is important, but is already covered very much by the existing resources.



What we aim to present, is already existing in this thread and the Monero Economics thread, mainly in my own posts. The guiding idea is that a new asset class is being born, and may become as important as the existing ones: precious metals, land and its derivatives (agriculture, mining, industry, habitation), business and its derivatives (stocks), and obligations (cash, bonds, funds etc.). If the change indeed happens, , the ramifications for XMR valuation are nothing but astounding. A 1000-fold increase in price in the long run can be considered a failure.

What I mentioned some time ago, but got sidetracked,and its associated website, it is now coming to fruition. I found a new partner and the idea is to make an introduction/resource website for XMR investment, not at all focused on the technical side of things, such as the blockchain, wallets, security or anything that is important, but is already covered very much by the existing resources.What we aim to present, is already existing in this thread and the Monero Economics thread, mainly in my own posts. The guiding idea is that, and may become as important as the existing ones: precious metals, land and its derivatives (agriculture, mining, industry, habitation), business and its derivatives (stocks), and obligations (cash, bonds, funds etc.). If the change indeed happens, , the ramifications for XMR valuation are nothing but astounding. A 1000-fold increase in price in the long run can be considered a failure.

looking forward to that looking forward to that

Anon136



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LegendaryActivity: 1666Merit: 1211 Re: [XMR] Monero Speculation May 15, 2015, 02:04:43 AM #5673 woah. this thread just randomly died. never seen it quiet so long.

If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? Rep Thread: https://bitcointalk.org/index.php?topic=381041 If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?

rpietila

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DonatorLegendaryActivity: 1722Merit: 1016 Re: [XMR] Monero Speculation May 15, 2015, 08:46:44 AM #5676



Quote from: rpietila on May 15, 2015, 08:39:40 AM Quote from: cAPSLOCK on May 14, 2015, 09:32:52 PM Quote from: americanpegasus on May 14, 2015, 02:32:51 PM hard fork of Monero to incorporate the bitcoin ledger as well



And an impossible one without breaking trust in both currencies. It is tremendously more likely to see the value of one of these coins shift into the other than for them to merge. In the short term that value will want to go into bitcoin. But in the long term, if XMR does not shift ALL its value in that direction the probability of the opposite shift rises continuously.

And an impossible one without breaking trust in both currencies. It is tremendously more likely to see the value of one of these coins shift into the other than for them to merge. In the short term that value will want to go into bitcoin. But in the long term, if XMR does not shift ALL its value in that direction the probability of the opposite shift rises continuously.

+1.



Bitcoin is the King of crypto, commanding 93% of the total marketcap. It's nice to be a king, but it has the downside that you can only be dethroned, never advance



Of course I believe that BTC has a great possibility to go up in purchasing power, even by a factor of 1,000 (after all it's my biggest holding, would not be if I did not think so ) but in terms of relative market share, it can only go down (or 7% up if all the other current and future cryptos are abandoned, which is unlikely).



The sway that Bitcoin holds in cryptosphere is so great that it is very difficult for an altcoin to gain traction. But if any of them does to a sufficient degree, I take it as a strong indication that the market is making a shift.



If any one of the altcoins gains a 20% share of the total cryptocoin marketcap, the value in Bitcoin will likely move to that coin.



Caveats:

- No gimmicks. Short-term volatility is excluded. Sufficient trading volume.

- Marketcap must be calculated from the free-trading amount, leaving some room for total planned issuance (future mining) to be taken into account.



It does not take more than 10-25% of the value in Bitcoin to decide to migrate, to trash the Bitcoin remaining value, and make the value of the alt mushroom. For historical reference, Bitcoin marketcap went from about $1M to $200M in 2010-2011 in less than a year. During that period, only about $10M was invested into bitcoins. The rest was wealth effect. The same mechanism applied to the potential migration situation can make the contender quite valuable if only 2% of the wealth in Bitcoin decides to move (and inflict a proportional loss to the remaining bitcoin holdings).



I repeat in bold, because the issue is important: Not every Bitcoin holder needs to sell all their bitcoins for the value to plummet and the alt to take over. It is enough that 10-25% do it, then the ones who migrated will gain the value (as appreciation of the new coin) which was stored in the 75-90% of bitcoins (whose value has plummeted), while the coins still belong to the bagholders. If this were not true, there would be no change in the world, and Bitcoin itself would never have had any traction whatsoever.



I am not always correct, and even when I am, I tend to be ahead of the time. Don't sell your bitcoins, but make sure you have at least the same proportional amount of coins in every alt that has the slightest chance of making it. (It costs basically nothing but your bitcoin maximalism pride).



This is what I have done. And Monero is the only one I believe has the chance currently. I will tell when the situation changes.

+1.Bitcoin is the King of crypto, commanding 93% of the total marketcap. It's nice to be a king, but it has the downside that you can only be dethroned, never advanceOf course I believe that BTC has a great possibility to go up in purchasing power, even by a factor of 1,000 (after all it's my biggest holding, would not be if I did not think so) but in terms of relative market share, it can only go down (or 7% up if all the other current and future cryptos are abandoned, which is unlikely).The sway that Bitcoin holds in cryptosphere is so great that it is very difficult for an altcoin to gain traction. But if any of them does to a sufficient degree, I take it as a strong indication that the market is making a shift.Caveats:- No gimmicks. Short-term volatility is excluded. Sufficient trading volume.- Marketcap must be calculated from the free-trading amount, leaving some room for total planned issuance (future mining) to be taken into account.It does not take more than 10-25% of the value in Bitcoin to decide to migrate, to trash the Bitcoin remaining value, and make the value of the alt mushroom. For historical reference, Bitcoin marketcap went from about $1M to $200M in 2010-2011 in less than a year. During that period, only about $10M was invested into bitcoins. The rest was wealth effect. The same mechanism applied to the potential migration situation can make the contender quite valuable if only 2% of the wealth in Bitcoin decides to move (and inflict a proportional loss to the remaining bitcoin holdings).I repeat in bold, because the issue is important:I am not always correct, and even when I am, I tend to be ahead of the time. Don't sell your bitcoins, but make sure you have at least the same proportional amount of coins in every alt that has the slightest chance of making it. (It costs basically nothing but your bitcoin maximalism pride).This is what I have done. And Monero is the only one I believe has the chance currently. I will tell when the situation changes. Crosspost for the paramount importance: HIM TVA Dragon, AOK-GM, Emperor of the Earth , Creator of the World, King of Crypto Kingdom , Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!) , Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)

nakaone



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Hero MemberActivity: 742Merit: 500 Re: [XMR] Monero Speculation May 15, 2015, 09:37:16 AM #5677 the most proper argumentation regarding losing his first mover advantage was given by peter r in the altcoin observer: he argues that you do not invest in technology (of bitcoin) but in the ledger - I think he is right.



Nevertheless I do not think that bitcoin can or will adopt moneros specifications and monero will probably be what many people think bitcoin ist - the libertarian wet dream I do not share ristos insight on the transfer of value. neither do I think that bitcoin will be dethroned, I'd rather assume that it will not only be king but also pope by the adoption of TPTB. It will lose its libertarian and unregulated status and lots of people here will get a proper compensation for thatthe most proper argumentation regarding losing his first mover advantage was given by peter r in the altcoin observer: he argues that you do not invest in technology (of bitcoin) but in the ledger - I think he is right.Nevertheless I do not think that bitcoin can or will adopt moneros specifications and monero will probably be what many people think bitcoin ist - the libertarian wet dream

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Strange, yet attractive.







LegendaryActivity: 1484Merit: 1002Strange, yet attractive. Re: [XMR] Monero Speculation May 15, 2015, 10:18:44 AM #5679 I share the same rumination with Rpietila regarding the significance of the "rival" coin. I too believe that XMR will have its chance of becoming the "new kid in town" after a certain time period (BTW: I think we're nowhere near that point right now). We all intimately know what's at stake with XMR; and I tend to concur with nakaone's prediction for the future of BTC.



IMHO, TPTB are already on track of the accumulation phase and I think within the next couple of years only a fraction of coins will be held by the original believers. We witnessed many old timers here abandoning their positions when they were convinced that the consolidation period will last forever (with the price declining even further).



There's a saying for when you don't understand something in full. "When in doubt, follow the money". The evidence is out there; so are the options. I prefer being on board instead of leaving myself behind. My position on XMR is not significant (regarding my BTC holdings) but it's something that I'm willing to sacrifice if it goes to 0, or be very happy that I got in with those, if it goes 1:1 with BTC. Chaos could be a form of intelligence we cannot yet understand its complexity.