Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
elrippo
on 25/05/2017, 08:39:10 UTC

Which ever way you polish this particular PR turd, it remains defiantly a turd.
 

Even if so, this event is highly overrated and as soon as everybody gets it, we can move on.

What is there to 'get'?

This situation reminds me of a guy called Gerald Ratner -- in the 70 and 80s he had a large chain of jewellers across the UK built up over decades and worth millions.  He catered for the low end of the market lets say cheap and cheerful. In an interview with some periodical he casually let slip that the jewellery his shops sold was 'mainly crap', which it was, everyone knew.  He didn't mean anything malicious by it, he was just being honest. But the quote was jumped on and became front page news.

And that slip cost him his empire - the entire chain (no pun) was worthless within 12 months/two years and he spent his remaining life haunted by that quote.

Business and investment is often run on the magic known as sentiment.

You are right and I remember it well, but the flaw in this analogy was that he wasn't saying Monero is crap and patently he doesn't (and we don't) think so.  He was saying the likes of 'forthcoming announcements' (rather than working on good tech) is just crap - and to not expect this from him.

I get it, though I grant you that he could have made the point some other way given that hundreds of millions of dollars are involved.



He doesn't care, and that's good. It's better to work on the tech rather then listening to investors, beleive me  Grin Cheesy Cheesy