Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
sonoIO
on 14/08/2014, 18:24:09 UTC
Aminorex, i usually find your post eye openers, agree with them, or just like humor in them. OK, some of them i have problem reading without English dictionary, and few of them do not have time to try to understand just yet due to my lack of knowledge of economics. But some things i can understand, and i can not agree unconditionally with your argument of liquidity regarding Monero, simply because i do not think that CNs are used for real "purposes" - atm they are used mainly for speculation. "Real word" usage may turn tides on no 1. privacy currency, only time can tell which it will be imo.

... I am somewhat torn between the opposing considerations that lower prices now (which will probably be less volatile that would be higher prices at this early stage) aid in dispersion of the coin, and hence in the development of an organic economy, and the opposite consideration, that popularizing the investment potential will help focus capital formation in hands which are invested in XMR, and have an interest in seeing its economy grow....
That is exactly the reason i think Monero will be overtaken by BBR. Monero just has to steep curve to be properly distributed without large mining-marketing campain. Things would be different if it was released at a beginning of cryprocurrency hipe, but now Monero will spend large amount of life in time period that is skeptical to cryprocurrencies - which will affect its distribution to extent that will not reach satisfactory nettwork effect imo. Generally, comparing XMR to BTC is too far stretched. Bitcoin has whole industry behind it which will make it no 1 store of value for a long time to come. I used to think high of XMR, but now i think that shillers, and FUDsters of BBR, can not replace whole BTC industry. Further, XMR will not have army of GPU miners to come to support it in the near future, and BBR just might

Perhaps when BBR supporters start talking like that, on a sound basis, then BBR will exhibit more growth.  Frankly, I think that trying to convince a propdesk trader that his job will be safe if he buys more 'boolberries'  is a losing proposition.
Grin

"Things would be different if it was released at a beginning of cryprocurrency hipe, but now Monero will spend large amount of life in time period that is skeptical to cryprocurrencies"- That makes absolutely no sense. By following your reasoning, then no cryptocurrency(Bitcoin included) can be accepted by mainstream, since NO Cryptocurrency is mainstream yet. None. Your entire post makes no sense.
I'll explain. Adoption of cryptocurrencies comes in "waves" obviously. XMR was released in "downtrend" of  a cryptocurrency wave (i.e. after November 2013, and before new "uptrend"). XMR problem is that its curve is steep making a point of release more important to BBRs. Hope this makes it more clear