Absent the Tether scam, it would have been a good fight but I like @cAPSLOCK pointers about how Saylor has gone about pumping BTC. We don't need to be adversarial to attract even the BTC crowd. It has to be done the Saylor "BTC is not competing against Dollar" way. But fragile maxis will make sure no such things happen.
But XMR doesn't need to bend the knee and it is a fine line depending on how hostile BTC maximalists are more vocal about the whole thing, even shutting up people like Szabo. Remember also that the exchanges are clearly hacking XMR prices in order to demonstrate that it is not a good "investment". Until some big players come in and swoop large XMR away from exchanges, the monopoly and fraud will continue.
Ethereum might be the only chain getting real dollars. The BTC crowd that worships institutions prefers ETH over BTC. BTCs only talking point now is price/store-of-tether proposition. That and taking advantage of uninformed retail by MSM and social media by posting charts/tickers etc nonstop. But the fraud awareness is there more than ever.
Heya tifozi, long time... welcome back. I have a feeling you may have shown up just in time for some fireworks.
You are right about the ETH angle. In fact seems to me the whole bank/institutional money world seems to be aping in (yeah yeah) as a way to concede without conceding. I think either out of sheer ignorance (ETH is more gizmos - therefore better) or possibly understanding (ETH is an asset we can control very similarly to how we have played the USD. Better it than the pure thing).
You have any more thought on your exchange manipulation? I feel like more than anything exchanges just don't want to touch Monero very much, i suppose due to the whole "drug money" stigma. With Kraken being an interesting exception.
I do not think Monero can stay where it is for much much longer, and I think the privacy maxis entering the space are more important than most anything else in recent times. Once folks like they understand how it works, and well, how WELL it works? They are going to start dipping their toes in it. The Monero Market cap (stupid metric, but still) is at LEAST an order of magnitude too small currently. I would say it should dig well into that double digit billions realm to be fairly enough priced for it to make sense.
That means Monero in the 2k-6k realm.
With 8% of Bitcoin's transactions I think we could conceive of an 8% value to match.
Currently that is $5200. But I think it will be more like 9k by the time we get there... Still I would set 5k as a reasonable target because if things go well in the bitcoin space, that is a <5% chunk.
Conservative.