[XMR] Monero Speculation

[elrippos friend]

Climbing again 

[johnsmithx]

It will be the most used coin to buy things

That it will never be.

It just have has an amazing team, great name and the best founder ever.

None of which has any relevance nor implication at all, even if it was true.

If there is any "best founder ever" then it's undoubtedly the bitcoin founder. All the kids that popped up after him are just substanceless derivatives.

[Globb0]

Bitcoin is quite weak in areas and cryptonote is completely different, not another faceless clone.

Monero was rescued and its fair comment to say has been well developed. Including addressing lots of the original flaws and limiting any scammyness that could have been inherited from the original project.

[KeyJockey]

If there is any "best founder ever" then it's undoubtedly the bitcoin founder. All the kids that popped up after him are just substanceless derivatives.

I've always thought there is a strong possibility the anonymous cryptonote author "Nicholas van Saberhagen" actually IS "Satoshi Nakamoto"

N.S. / S.N. for one thing, as an obvious intentional clue.

Second, Satoshi disappeared right around the time CN started.  And when he left, he said he was leaving to "pursue other things". It's not a huge stretch to consider that a redesign/reboot of his best idea would be what that was.

Very doubtful someone like him would just totally turn his back on what he'd already accomplished. It'd be very natural to want to start with a clean slate and design a "bitcoin 2.0" from the ground-up with no baggage of the 1.0 concept design.

Finally, the #1 and maybe ONLY, biggest obvious FLAW, in bitcoin's design intending to be "money" is that it isn't fully fungible.  Cryptonote (and thus, Monero) builds on the basic bitcoin design ideas to SOLVE that, and make the world's first crypto-currency that IS really "MONEY".

Satoshi never took any credit for cryptonote, of course, so this is all just wild speculation, and for more IF Hal Finney was Satoshi (or part of the team) and was diagnosed with his terminal illness at that time, he certainly would've been "thankful for today" when he started up Bytecoin (XMR precursor) even if maybe he erred a little bit on trying to structure it with the premine (to provide funds for his family after he was gone, maybe... something that Satoshi or the Satoshi Team did not do when they started up the BTC genesis block, of course.  Hal could be forgiven for that lapse in judgement at the time, and under the circumstances... I'd think.  Doesn't detract from his legacy or reputation IMHO at all...)

[garytheasshole]

If there is any "best founder ever" then it's undoubtedly the bitcoin founder. All the kids that popped up after him are just substanceless derivatives.

I've always thought there is a strong possibility the anonymous cryptonote author "Nicholas van Saberhagen" actually IS "Satoshi Nakamoto"

N.S. / S.N. for one thing, as an obvious intentional clue.

Second, Satoshi disappeared right around the time CN started.  And when he left, he said he was leaving to "pursue other things". It's not a huge stretch to consider that a redesign/reboot of his best idea would be what that was.

Very doubtful someone like him would just totally turn his back on what he'd already accomplished. It'd be very natural to want to start with a clean slate and design a "bitcoin 2.0" from the ground-up with no baggage of the 1.0 concept design.

Finally, the #1 and maybe ONLY, biggest obvious FLAW, in bitcoin's design intending to be "money" is that it isn't fully fungible.  Cryptonote (and thus, Monero) builds on the basic bitcoin design ideas to SOLVE that, and make the world's first crypto-currency that IS really "MONEY".

Satoshi never took any credit for cryptonote, of course, so this is all just wild speculation, and for more IF Hal Finney was Satoshi (or part of the team) and was diagnosed with his terminal illness at that time, he certainly would've been "thankful for today" when he started up Bytecoin (XMR precursor) even if maybe he erred a little bit on trying to structure it with the premine (to provide funds for his family after he was gone, maybe... something that Satoshi or the Satoshi Team did not do when they started up the BTC genesis block, of course.  Hal could be forgiven for that lapse in judgement at the time, and under the circumstances... I'd think.  Doesn't detract from his legacy or reputation IMHO at all...)

Make a FFS for a screenplay, we'll get Morgan Freeman to play Satoshi.

[cAPSLOCK]

If there is any "best founder ever" then it's undoubtedly the bitcoin founder. All the kids that popped up after him are just substanceless derivatives.

I've always thought there is a strong possibility the anonymous cryptonote author "Nicholas van Saberhagen" actually IS "Satoshi Nakamoto"

N.S. / S.N. for one thing, as an obvious intentional clue.

Second, Satoshi disappeared right around the time CN started.  And when he left, he said he was leaving to "pursue other things". It's not a huge stretch to consider that a redesign/reboot of his best idea would be what that was.

Very doubtful someone like him would just totally turn his back on what he'd already accomplished. It'd be very natural to want to start with a clean slate and design a "bitcoin 2.0" from the ground-up with no baggage of the 1.0 concept design.

Finally, the #1 and maybe ONLY, biggest obvious FLAW, in bitcoin's design intending to be "money" is that it isn't fully fungible.  Cryptonote (and thus, Monero) builds on the basic bitcoin design ideas to SOLVE that, and make the world's first crypto-currency that IS really "MONEY".

Satoshi never took any credit for cryptonote, of course, so this is all just wild speculation, and for more IF Hal Finney was Satoshi (or part of the team) and was diagnosed with his terminal illness at that time, he certainly would've been "thankful for today" when he started up Bytecoin (XMR precursor) even if maybe he erred a little bit on trying to structure it with the premine (to provide funds for his family after he was gone, maybe... something that Satoshi or the Satoshi Team did not do when they started up the BTC genesis block, of course.  Hal could be forgiven for that lapse in judgement at the time, and under the circumstances... I'd think.  Doesn't detract from his legacy or reputation IMHO at all...)

I have considered this as well.

Where it looks like it breaks down to me is the code.  Does not look like the same person.

[Jonashe]

Libertas darknet website need some month to build trust and pump MONERO price...

[huifang135]

my thought will be easily to 200 $

[Nathan047]

Monero will be a top 3 coin. It will be the most used coin to buy things so it will have more liquid than any other coin. It just have an amazing team, great name and the best founder ever. And know it looks like everybody is trying to mine using their website so will just become really famous.

I don’t know for sure that it will be on the top 3, but I do know for sure that it will be on the top 10 (and likely the top 5 at some point) in the foreseeable future. There will always be a need for an anonymous coin, by both legitimate people looking for privacy and criminals.

[guesswho1234]

in the end monero never let me down but man i dont get the price movement at the moment 

[Colesan]

 I think now is the good moment to invest in monero and hold about 3-5 mount.

[Nathan047]

Hodling since ICO. This is one of my best gainers.

What ICO? This is Monero, not some charade with a fancy website promising to suck your dick if you give them your bitcoins.

He bought Monero in their ICO, in the past.

But Monero did not have an ICO did they? Sorry, now I am really confused. Anybody mind elaborating a bit on this for me?     

my thought will be easily to 200 $

Following the pattern of the last two pumps, I am guessing that we will probably hit about 210 dollars next time Monero pumps; and that pump will probably come pretty randomly.   

[garytheasshole]

Hodling since ICO. This is one of my best gainers.

What ICO? This is Monero, not some charade with a fancy website promising to suck your dick if you give them your bitcoins.

He bought Monero in their ICO, in the past.

But Monero did not have an ICO did they? Sorry, now I am really confused. Anybody mind elaborating a bit on this for me?     

my thought will be easily to 200 $

Following the pattern of the last two pumps, I am guessing that we will probably hit about 210 dollars next time Monero pumps; and that pump will probably come pretty randomly.   

Nothing to elaborate, Monero was launched ages before the whole ICO shenanigans.

[aminorex]

XMR was first offered by it's first miner. That was a kind of ICO.  Today "ICO" is understood to mean what old timers used to call a "pre-mine scam", crypto which lacks "fair distribution" - but then it was deemed a monetary instrument, owned as commons, a public good, while ICO tokens now are more like equity shares, a capitalization tool, a private good.

As regards price, I would say most Monero speculators are all-in at this point, and the reversal comes after bulls capitulate, and supply becomes constrained.  Whoever buys then will see the best gains which it is possible to obtain at this point in time.  Personally I am buying slowly as I don't know when next it takes off, although I hazard to guess that multisig (rumor or news) could be a catalyst. Below USD 80 I will speed up my accumulation.

[johnalan]

New Monero-Only DNM marketplace:

https://www.deepdotweb.com/marketplace-directory/listing/libertas-market/

I've become somewhat less excited about the potential that DNM's have to push Monero's price. It seems that they are all, at some point or other, congenitally designed to exit scam. Inevitably - and it seems this is already happening - people will get fed up of getting screwed and move on to some other way of obtaining what they want.

This is just as @Aminorex predicted. A rise of next gen DNM that only accept / recommend XMR. It's exciting. Though, as of yet, the market completely fails to react to these news items.

[johnalan]

XMR was first offered by it's first miner. That was a kind of ICO.  Today "ICO" is understood to mean what old timers used to call a "pre-mine scam", crypto which lacks "fair distribution" - but then it was deemed a monetary instrument, owned as commons, a public good, while ICO tokens now are more like equity shares, a capitalization tool, a private good.

As regards price, I would say most Monero speculators are all-in at this point, and the reversal comes after bulls capitulate, and supply becomes constrained.  Whoever buys then will see the best gains which it is possible to obtain at this point in time.  Personally I am buying slowly as I don't know when next it takes off, although I hazard to guess that multisig (rumor or news) could be a catalyst. Below USD 80 I will speed up my accumulation.

You think a slow bleed under 80?

[aminorex]

A rise of next gen DNM that only accept / recommend XMR. It's exciting. Though, as of yet, the market completely fails to react to these news items.

Folks are jaded, skeptical, fatigued by hype, and have no vision.  So fatigued that their hands weaken.  BTC ramp will retrace, and everyone is on edge, ready to dump on weakness, chasing the falling knife. A bubble pop in BTC will devalue all crypto.  This BTC ramp was mostly due to ETH demand, as the fiat on ramp is still wider for BTC.  Now, ETH has hard fork drama which could be catastrophic, so everything built on ETH suddenly looks super risky.  That could pop the bubble.  

DNMs don't care what the price is, just that the tech works to transmit wealth.  They will be just as happy to use $0.25 Monero as $2500 Monero.  In fact it is more appealling to adopt Monero if you can front-run the market, because you know about your DNM in advance.  Anyhow the skeptical market we have now, pulling back from the ICO bubble, won't become a bull until monetary demand starts to make itself felt more seriously.  Until then, the floor of support for XMR is the miner break-even.  Some capitulation sales may push us below that briefly, but it will hold in the main...so more browser mining would be nice.

[aminorex]

You think a slow bleed under 80?

I don't know how depressed the market will be.  I don't know if ETH will save itself with a technical hail Mary, or by delaying the fork - or even experience a catastrophic failure (not likely, that).  We might just be seeing a healthy retrace in the broad sector, which will reverse on good sector news of some sort, for all I know.  Independent Catalonia could adopt Bitcoin as hard money. The next ICO could be so compelling that Soros goes all-in.  Predictions are hard, especially ones about the future.

What I do know with empirical certainty is that XMR is selling for half of what I sold it for on the last spike, so it feels plenty cheap to me.  

What I do know by force of market logic is that DNM demand will eventually (certainly less than a year, maybe less than 6 months) force a massive repricing.  I want to be holding big bags at that time.

After that... well I am still waiting for the demographic multiple slide to kick in.  It is late already.  When that happens we should see capital flight demand ramp up, and the biggest Monero bubble of all. The economic world around us will look pretty bad then.  Clearly it is not yet time, but it remains inevitable: Unless human immortality arrives to save the boomers, or robots create a new demand source, we are looking at a hard bottom in u.s. equities in 2024-2025, with SPX P/E in the 4-6 range.

Historical comparables to the coming secular bear are: 1965-1982, 17 years; 1915-1921, 6 years. (The 1929-1932 bear was not a generational one, so it is not comparable. It was more like the 2007-2009 crisis, leverage and policy driven. WW2 masked a secular bottom with total war, so that one is inadmissible.) We only have 7-8 years left before the bottom, so it should turn soon-ish, but central banks pumping cocaine into the veins of the economy could push the bull out to 2020, for all I know.  It will just make the crash more brutal in the end.

I probably won't live to see the next generational top after that, unless quantum immortality is a thing, or a friendly AGI appears.

[Hueristic]

It will be the most used coin to buy things

That it will never be.

It just have has an amazing team, great name and the best founder ever.

None of which has any relevance nor implication at all, even if it was true.

If there is any "best founder ever" then it's undoubtedly the bitcoin founder. All the kids that popped up after him are just substanceless derivatives.

Considering BitMonero's founder was outed and this project was taken over by community members I don't think so.

I've always thought there is a strong possibility the anonymous cryptonote author "Nicholas van Saberhagen" actually IS "Satoshi Nakamoto"

I've always thought Saberhagen was a tip of the hat to one of my favorite reads.

https://en.wikipedia.org/wiki/Berserker_%28Saberhagen%29

[aminorex]

I've always thought Saberhagen was a tip of the hat to one of my favorite reads.

https://en.wikipedia.org/wiki/Berserker_%28Saberhagen%29

Perhaps that, and Nicolas Bourbaki.