Quote from: rpietila on May 09, 2015, 08:37:16 AM

8. I have been a "silver bug" in a sense that I regarded it as a great investment and was overweight, in 2006-2013, then I was a Bitcoin bug for a short time, and now have been a Monero bug, because it now holds the same promise that the previous ones did earlier. (Monero is so cheap that I am not even much weighted, because the potential upside is so great.) Both silver and bitcoin are now relegated to wealth preservation roles in my thinking, both still having the potential of large upside though.

9. I have never been a gold bug but have occasionally owned some gold.

10. Neither a lender nor a borrower be. Knowledge economy does not have a place for debt (obligation to pay a fixed sum regardless of the outcome of the venture) in it. Crowdfunding in all forms is the way to go.

11. The role of financial capital is to enable the most effective use of knowledge capital, and even before Bitcoin was invented, my productivity has not much been hampered by the lack of financial capital. I am content with the amount that I have, and in the long term more is probably coming when one of my current or future long-shots matures. The excess I have keenly donated to charitable purposes, although finding worthy recipients is difficult.

12. The theses do not consider the "industrial-age" situations where pooling of massive resources under a centralized command was necessary. Some projects still have these attributes, but most of them could already be reorganized, power politics are hindering the progress.

Risto the entire post was excellent. I thought maybe we were further apart in our thinking, but on the surface of that post it seems we are close to total agreement. Perhaps you've made some changes in your thinking lately?

My quibble is going to be on the fact that silver and Bitcoin are not anonymous[1] and aren't you at all concerned about shielding wealth from socialism deathstar expropriation?

And my other quibble remains that you are not technically qualified to know whether Monero is sufficient to be the big winner. I strongly suggest you need to be more diversified in altcoins if you want to hit the jackpot. One day you are going to learn that in this area (just like you learned on the castle which I warned you was under threat from Russia), my capabilities in some cases exceed aminorex and others you may rely on for technical appraisals (and theirs exceed mine in other cases). Smooth has outsmarted me at times and to the extent he can be objective (considering his close association to Monero) then I would advise trusting his appraisals of any technical writings I make. Aminorex is very smart, but he appears to me to be more of a math guy than a programmer (although my interaction with him is minimal). Smooth is the most astute programmer in altcoins that I have had discussions with. Perhaps there are others but I haven't been able to engage them in productive discussion (e.g. fluffyponey, tacotime, etc).

However, I will admit I don't know of any other altcoins that have sufficient feature sets and ecosystem that give them a better shot than Monero, at least in the anonymity focused subset of altcoins. So in that case I would have to agree with you on the Monero bet up to this point in time. I must mea culpa that I haven't been following altcoins much lately, and I don't know whats up with latest on Nxt, jl777's work, Boolberry, Dogecoin, etc.. I don't even load the coinmarketcap any more.

I am cognizant that you may become complacent/overconfident and miss something. Well I guess it never hurt you to be late and miss the IPO. You missed it for both Monero and Bitcoin. So perhaps it isn't your role to be one of the earliest adopters. And thus I should not be focusing my energy on trying to explain any technical innovation too early in the development cycle. Ditto OROBTC and others. You all can't understand. You all come in much later after the technical experts have already jumped on board. In short, you all must be followers because you don't have the first hand technical acumen.

[1] Anonymity with Bitcoin is is riddled with potential pitfalls. IP anonymity is tricky for any crypto-coin, and Bitcoin doesn't have onchain anonymity. Upthread I already made the case that physical metals will not be anonymous.