Quote from: Erik Goff on October 25, 2016, 11:00:38 PM

Quote from: luzamarino on October 25, 2016, 10:25:51 PM

Quote from: wpalczynski on October 25, 2016, 10:22:12 PM

I think thats very possible. It would be hard to put a number on it, it would be complete speculation but I think even a lot higher than that would be possible.

Imagine a scenario where US loses the petro dollar and oil becomes traded in Bitcoins. Or a financial system crash of unseen magnitude which seems likely to be in our future. Euro seems to be dying a slow death, the US dollar is strong but when the petro dollar is gone it will crash hard as well. The house of cards will come crashing down one day, they can only kick the can down the road so many times.

Will XMR be taken on the ride to higher prices ?

My stance would be that while BTC goes up to say, 3000 us at end of 2017, and money will 'trickle down' into XMR to say, 100 us$ end of 2017. I think these are reasonable guesses.
But realize, that this means that BTC will go x5 , and XMR will go x20 relative to the dollar.

If you have to play 'guess the fee' just to get a transaction confirmed on the network, BTC ain't going to 3000 any time soon, and people will switch to more efficient networks. Just give it time ...

Thank you BTC Core Wink

Quote from: wpalczynski on October 25, 2016, 10:47:10 PM

...
The blocksize debate is an issue but I'm confident that it will be resolved. ...

Please see the edit to my previous post re this (https://bitcointalk.org/index.php?topic=753252.msg16682623#msg16682623).
The problem is happening right now, and it's hard to see BTC 'mooning' in this scenario IMO.

2 hours, no confirmations, on a high priority tx ... 20 MB mempool, blocks full. There is simply no room for people to get in even if they want to
Sorry to make this a block size thing, as you say, it is the XMR thread, but I am waiting now > 2 hours for my BTC funds to confirm and buy some more XMR lol

And at the end of the day, it is relevant, AS XMR DOES NOT HAVE THIS PROBLEM

This just cost me money ... how long til other people experience the same thing and get 'turned off' BTC ... the sooner the better for XMR Wink

C'mon, what sort of 'money' allows you to pay to jump a queue of people who have paid a fair and reasonable advertised price at the time of joining said queue, but watching what they have paid and paying more?
It's like getting thown off a full bus you are sitting on after buying a ticket at the advertised price because the transporter sees it is full and revokes passage as others will pay more and gives them priority. In real life that would casue a riot ...

That is bullshit. That is BTC in it's current incarnation.

"Yeh, I know you bought ticket for now cos you need to travel now, but sorry the bus is full and this guy will to pay more so you gotta get off. You might be able to travel at some random time in a few hours or more if nobody else shows up flashing cash, otherwise we will refund you in 24 hours and you will have to rebook at whatever the price is then. Sorry for any convenience, it's just how it works"