Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
explorer
on 22/01/2017, 20:19:44 UTC

There are different type of adaption:
1) Speculation (short term buying and selling)
2) Bagholding (consider Monero as an asset and want to accumulate it as much as possible)
3) Transactional (buying illegal stuff mainly right now)


I think there's a 4th basic category of user adoption, which has not gotten very large yet *but* IMHO could potentially become the biggest one of all.

Let's call them...

4) The FungibiliFreaks  Grin

These would be bitcoin users who have been bitten by BTC's lack of true fungibility, i.e. people who have had a coinbase account closed on them due to 'tainted' coins coming into their wallet from 4+ hops earlier, etc., even if they themselves never did anything questionable at all.  Stuff like this that we all *know* is going to be impacting BTC adoption and actual real-world *use* more and more over time, especially as the so-called "chainalysis" gets stronger.

Personally, I am not doing it yet, myself, but more and more I feel like I may be turning into a FungibiliFreak, LOL  Grin

What I mean by this is: lately I've been thinking that the best way to manage all my crypto-currency use the BEST way, is gonna be to simply keep nearly all of it in Monero, at first, and only quickly "flip over" some XMR, to BITCOIN, whenever I need it to be spendable... something like that.  And then, when buying-back the BTC I've spent, before ever *using* it, I'd always FIRST put it BACK into the MONERO stash!

Doing things this way, basically means XMR's fungibility is front-and-center, making all my crypto use "as good as cash", since any Bitcoin in my wallet was always first acquired "clean" from an untrackable Monero source (even if it's just a few dollar's worth, quickly and simply on Poloniex or thru ShapeShift).

This would mean BTC only, small amounts, kept in a daily-use spendable wallet, but my REAL WEALTH stored in "bulk", long-term, safely, quietly, and privately in MONERO.

What do you guys think...?  Anyone else feel like they may be turning into a FungibiliFreak...?  OR maybe you already *know* you ARE one?? LOL



I admit to fungibilitiphilia. Not quite as far gone as you, but heading there.

  I determined that BTC was not what I wanted it to be, nor going where I wanted it to go a long time ago.  The Monero road map suits me much, much better.  It has been amazing to  watch this project grow and mature.  All of the things that seemed fantastic in 2014 are being implemented, and exponential growth on all fronts seems to be happening!  Go Fungible Coin!

  IIRC Aminorex called $25 as a mode for 2017.  With the financial world changing and rocking faster and harder, I think this ends up being a very conservative number.  Starting the year over C$24 (Jan 4) was a great start in my book.  A year will tell  Lips sealed