Post
Topic
Board Altcoin Discussion
Re: [XMR] rpietila Monero Economics thread
by
TrueCryptonaire
on 06/07/2015, 16:30:11 UTC
Can I ask you which type of future events you imagine are most like to grow the number of users and/or impact the distribution the most?

For example how do you think the launch of Crypto Kingdom will change this?

What about an Android wallet, official GUI or increased merchant adoption?

(I don't believe we even have 25000 owners right now. That much could be the total number of people exposed to XMR but many of them are at zero balance.)

Price will rise as money enters in. We have the moneroinvestment.com site, which will soon be polished for launch and will target midclass people who are interested in buying 10-100k XMR with fiat. Even a few of these guys can raise the price significantly.

CK has potential to absolutely explode XMR. At present, about 1% of XMR is already in CK account, so if we get "even" 100,000 new players, the price will have to go up by 10x to accommodate the equivalent new buying. Of course not every game makes it big, so this is more speculative than the 'new investors' case, which is clear as sky, only variable is timing.

I don't think the wallets or merchants matter that much, but I am pretty alone with this opinion, so perhaps they do Smiley

Obviously this depends on what kind of merchants Monero attracts.
A merchant who wants to convert the whole payment into fiat is not that beneficial as a merchant that holds the payment completely or partially in Monero.
The advantage of these "good" merchants is they create higher marketcap for the coin via bringing added value to the community and marketcap.
The added value coems via transactional demand: instead a person uses both XMR and fiat, he can use only XMR or higher proportion of XMR. And the merchants becomes a bagholder in the best case scenario.