Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
TPTB_need_war
on 11/04/2016, 16:03:45 UTC
My 2 cents (amended), since someone asked:

Sure. So what coin(s) do you recommend based on your superior requirements?

What is your goal?

1. Short-term profits: gambling or P&D?
2. Long-term profits?
3. Ideological investment to support crypto-currency adoption?

Answers:

1. Close your eyes and pick some from a grab brag or get on the inside with a good scammer.
2. Bitcoin (maybe Monero, but I would prefer Bitcoin yet Monero has greater potential long-term upside)
3. IMO and AFAICS, no realistic choice yet available, other than Bitcoin ecosystem investments

Fair enough. I just don't get why you picked Monero for #2 (along with BTC) knowing that it started as a #1. Can you specify your reasoning?

Bitcoin has 100 times more adoption (don't compare by market cap) given by transaction fees and equivalent power consumption for hashrate than any altcoin. So it currently has the only realistic chance of furthering crypto-currency adoption. Any other coin would have to grow 100 times before it is even making any improvement. 100 times adoption growth is extremely unrealistic.

Thus Bitcoin is the most stable for long-term growth and the most liquid. Bitcoin could possibly fall apart with the block size scaling problems, but I assume this will get resolved with increasing centralization and/or rising transaction fees.

Monero has the best of breed privacy that no other coin can touch. They are implementing RingCT which combined with Cryptonote will hide values, sender, and recipient. This is all End-to-End principled, so Dash is just a nonsense toy compared to Monero w.r.t. to anonymity (notwithstanding many other technical and economic flaws in Dash). Monero has a real cryptographer who is expert in algebraic geometric and other abstract math. Dash doesn't have this. There is no other coin out there with a realistic technology that actually works. Ethereum, List, Iota, MaidSafe, Sia, Storj, Synereo, etc are all flawed and won't work.

There is only one non-bullshit coin with innovation. Monero. Period.

Lol, way OT but whatever, at least Dash has such amazing innovations as a GUI wallet, several of them even which is several more than another coin being heavily promoted in this thread Wink Want to see real innovation? Read the link in the first post.

A GUI wallet does not a technology make.

Yeah more innovation such as the high school math error that was in the InstantX white paper for 1 year until I read the paper.