Quote from: Patel on December 29, 2019, 03:22:46 AM

Quote from: phishead on December 29, 2019, 03:15:33 AM

I know only a few "OGs" who are as interested in Monero as I am*, but I think the word is spreading. Idk if it's just me in an echo chamber on twitter, here, etc; but it seems to me a lot of other OG's who had been BTC maximalists before are starting to at least entertain the idea of Monero being a legit project to watch and the issue of fungibility a legit one.

* - I consider people "OGs" if they were around the scene before 2015 (when I went down the crypto rabbit hole)

I think so too. When I meant OG, I meant people like BinaryFate, ArcticMine, Smooth, Fluffy, and many others in this thread. They might not be holding the same amount of XMR as they did in the past, but I bet that they are still keeping an eye on the project.

Monero is the only altcoin that maximalists don't label as a shitcoin. Rightfully so. Monero has a great reputation amongst the technical crowd.

If Bitcoin were to have a exodus, I bet Monero would be one of the only alternatives they would flock to.

Quote from: phishead on December 29, 2019, 03:15:33 AM

However when it comes to dealing with a recession, I think it depends on the general population's reaction to it. During the 2008 collapse, there were major discussions being had in main stream media, news outlets and such about 'Is capitalism dead?'. People had a lot of distrust in the system after that, and I think if Bitcoin/Monero were around then, there might have been some panicky people with some extra funds that they wanted to store away in a speculative/risky asset such as Bitcoin or Monero. But I think there is some threshold that has to be crossed first for people to want to put their hard earned dollars into a speculative asset such as these. Income inequality has never been more drastic than it has right now. An interesting question is will people be ready (or angry) enough to risk not being able to pay off bills and maintain their regular life in order to escape "the system"? We've never seen the cryptocurrency market in a 2008-2009 kind of recession, would be very interesting to see

Maybe i'm trusting crypto too much. But I see Bitcoin as being pretty established. I mean, think of all the plumbing to the traditional financial system that has been created. Monero is definitely much more speculative, but Bitcoin? With all the infrastructure built the past 5 years, and the volumes, I think it's very attractive option for people who want to diversify some of their gains from stocks and stuff.

Well considering that these people are core developers, I would think they still have eyes on the project Cheesy

Just rambling here, but what trips me up sometimes when thinking about these things is this: Say if everyone realizes the fiat system is complete shit. On top of that, what if everyone realizes that cryptocurrencies are the best way to move forward in the global economy. And to make things a little less likely, what if Monero's code was deemed THE best cryptocurrency "rule book" to follow; not BTC, not ETH, not LTC, etc.

What prevents legislatures across the world to appeal to the masses about not just forking Monero's code, but to completely restart from scratch with a new genesis block? One could argue that we (the people who have invested and owned cryptocurrencies in the past) had an unfair advantage in accumulating the majority of the coins in circulation as compared to the rest of the worlds population.

And I'm aware too of the typical counter arguments to that; but none that has me super convinced that something like this won't eventually happen.

Quote from: Patel on December 29, 2019, 03:22:46 AM

Maybe i'm trusting crypto too much. But I see Bitcoin as being pretty established. I mean, think of all the plumbing to the traditional financial system that has been created. Monero is definitely much more speculative, but Bitcoin? With all the infrastructure built the past 5 years, and the volumes, I think it's very attractive option for people who want to diversify some of their gains from stocks and stuff.

I think the more money BTC is worth, the percentages of price swings won't scare investors as much since $500 dips or jumps will be drops in the bucket in comparison. Will be interesting to see how exactly mass adoption will exactly happen.