Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Rias
on 10/12/2015, 13:34:01 UTC
If one is truly concerned about price, then the best investment of time is probably into merchant integrations. Hell, the reason monero isn't on ALL of the exchanges is because 1) the "official" binaries eat your memory and 2) in general its so different than bitcoin these exchange sharks don't want to deal with it. If there was a detailed, step-by step guide on how to accept monero deposits *and* execute withdrawals *and* the official release only used 50 MB of memory, it would pop up more places.

I'm pretty sure that in case there is huge demand for the coin, it is integrated into exchanges no matter what. Look at Ethereum; it differs from Bitcoin but is widely adopted. There is a reason for that since Ethereum is overhyped and promises radical novelty. It has unprecedented demand (or stimulates it some other way).

What is the direction for Monero here? Straithforward compatibility with Bitcoin is not an option technologically. Official release of LMDB may be a trigger for a larger adoption, but IMO it's much more of chicken and egg dilemma in large rather than this tech showstopper. Improved integration doesn't bring demand per se.

The official GUI that last year we saw screenshots of can lower entrance barriers for users. Another option is, possibly, a clearer website. It will have nothing to do with the price, but it may increase new users conversion.