the only reason I am not buying more is that there will probably be a serious competitor in the next 6-8 months. otherwise I would buy much more.
there is place for one serious private ledger and that one will be very very powerful in the long term
moneros chances to be that one are quite high
If there is no GUI wallet before this then It will all be downhill.
Hey look I'm in a Moderated topic. This post will be deleted because I'm not delusional.
I wrote long-term due to this.
my argument at this point of time there is no
real competitor to xmr
there is darkcoin, which is technically inferior and very close to the already existing mixing technology in bitcoin
there is bbr, which is at least from the technical perspective on the same level. that said bbr came second, which is bad luck and so the userbase is maybe around 10% of the existing userbase in xmr.
there is anc which is in alpha stage. the "mixing" will probably even be superior but what is missing is the blockchain obfuscation (I am not entirely sure on technical aspects of a zerocoin implementation).
I think all others can be seen as pump and dump at this point - maybe I do darknote wrong, but they were the third implementation of cryptonote protocol....
I hedge my privatecoin portfolio with these three currencies, but at this point xmr seems to be leading. the most eminemt question for xmrs' long term success will be the question of how well zerocash will be implement and if it works. I got doubts that it works properly and that people trust a system they do not understand but we will see.
I have no doubts that there will be a decentralized private ledger which will be huge the reason for this is that I cannot see any other way to create something like this. And this niche is huge.