Quote from: thelibertycap on August 04, 2016, 09:48:35 PM

Quote from: smooth on August 02, 2016, 12:01:23 AM

Quote from: jehst on August 01, 2016, 11:42:46 PM

It may be that we are waiting for an extinction event. That is what I mean by calamity. Perhaps the complete or near destruction of global financial system. In that case, people will be running for their lives. XMR could function as a lifeboat alongside precious metals, etc.

This is a large portion of my thinking about cryptocurrency. If you were around since 2011 as I was then you can appreciate the enormous shift in public confidence in the incumbent financial system. Crypto is surviving and even to an extent thriving despite a five-year trend in the fundamentals of perception that are hugely negative, but I don't really see a moon type event in any crypto without that trend reversing in a big way.

I remember installing a bitcoin wallet shortly after the 2009 collapse when markets made their lows and rebounded. I started being interested in gold and was looking for new alternatives to fiat money and the current system. Too bad I didn't put much more interest in at that time little research project.
Fast forward to now, when the stock market is about to create the biggest bubble ever - the subsequent bust will make people look for alternatives and this time Bitcoin will be ready. I think we still have time to make Monero ready as well.

If you really installed bitcoin wallet shortly after the 2009 collapse, so less then half year after Bitcoin existence and you did it not with the reason to test technology but because you were looking for new alternatives to fiat money, I hope you will post here more. Since there are not many like you if any at all.

I agree with you all that financial crisis is biggest chance for Bitcoin and specially for Monero. What i dont agree or maybe just dont want to open my eyes is that next crisis is just behind the corner. Yes it will come. It always does. But not so soon.