Post
Topic
Board Altcoin Discussion
Re: Monero exchance centralization... a danger?
by
dinofelis
on 06/01/2017, 05:54:40 UTC
The only Monero economy, which is still reliant on Poloniex and other exchanges for $Fiat value, seems to be CP and hard drugs.  What exactly is everyone's end game behind Monero?  Move to Colombia and become Crypto-Escobars?  

Well the end game for most Monero supporters and holders is to sell and hold everything back in bitcoins. I said this before and I will say it again now. All of the altcoiners are really bitcoiners but they do not know it yet. Why do I say this? Because there will be a time that they will convert their coins back to bitcoin. Welcome back!

And what is everyone's end game behind bitcoin ?   As it is now, it is also to sell and hold everything back in fiat.  Although there IS for the moment a small amount of transactions (as compared to total volume) and HENCE a small part of the bitcoin market cap that is sustained from "buying goods and services", it is also quite minuscule, so this is NOT the finality of most bitcoin holders.  Most bitcoin holders are, probably like many monero holders, just speculating on "higher fiat value to cash out one day", NOT to "buy server time services with bitcoin".
As such, one can also say that "all of the bitcoin holders are really fiat holders, but they don't know it yet.  Why ?  Because there will be a time that they will convert their bitcoins back to fiat".