Search content
Sort by

Showing 9 of 9 results by Nausicaa
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Nausicaa
on 22/04/2017, 18:25:49 UTC

[...]

Marketing: it's what Monero is lacking, and why an "inferior" coin can compete against Monero. And maybe win.

The same thing was being said in 2014-2015... but it did not prevent monero from going further and further in value. On the contrary !  Cool

Well, Monero is certainly surviving. But I wonder how much better it would be today if it had had marketing then? I might even have heard of it! Anyone with a time machine: Please make it so that it happened!

BTW, your Avatar rules!
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Nausicaa
on 22/04/2017, 18:04:13 UTC

....

Seriously I don't get it why Monero seems to get so much negging by the media and etc, compared to how much other coins much closer to clear scams (*cough* Dash *cough* ZCash *cough*) are given a clear benefit of the doubt (totally undeserved)...

The power of marketing... Sure, I get that Monero is likely technically superior to Dash. But I still bought some (Dash), because any deficiency Dash suffers in relation to Monero is more than made up by the superior PR campaign of the Dash Team. This has led to increased adoption of Dash, which has increased the market cap, which, in its own way, is also good PR of sorts, a positive feedback loop.

Monero, OTOH, is ignored/slandered, FUDed, and no-one outside the Monero World stands up for it. All the vaunted "advantages" that Monero has over other privacy oriented coins are useless if it never gets any meaningful adoption, before the other privacy coins get theirs, thus removing Monero from future contention, in the marketplace.

If Joe Potential-Offshore-Investor is thinking about hiding some money away, and happens to click on a link with a story about anonymous cryptocurrencies, what will he see? Zcash. Dash. Bitcoin + Mimblewimble. And then, almost as an afterthought, Monero. He's a busy guy, and his time is valuable. What is he going to do?

Marketing, Baby. As in, "The Awesome Power Of."

BTW, I also bought some Monero. Because it may succeed without marketing, and I might be completely offbase. But: if Dash had had no marketing, I would never have bought any Dash. Marketing: it's what Monero is lacking, and why an "inferior" coin can compete against Monero. And maybe win.
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Nausicaa
on 01/04/2017, 18:17:59 UTC

Thank you for that.  It is usefully informative.  It would be even (and much) better with scale alignment.

To me it seems folly to analyze XMR denominated in BTC, although I was myself subject to this folly until recently.  The fundamentals are much more easily recognized using gold or any major fiat currency - I tend to use USD - as numeraire.

XMRUSD is pretty stable at $20, so in my (1% of XMR holdings) trading position, at present, I buy below 19 and sell above 21.  

You might recall that I anticipated recent levels on this approximate time scale last summer, by using Fisher's quantity theory, as calibrated by Alphabay volume estimators.  I have not done any further analysis yet, so I can't presently make any principled quantitative predictions.  As time permits and data allows I may do so soon.  My intuition is that $25 will become strong support by June.  The upside asymmetry is growing rapidly due to exogenous risk factors, but support levels should continue to be determined by economic use in dark net markets during the near future.  As they grow, so will XMR's utility value.

Meanwhile, some qualitative logic guides me, none of it new, and all of it supported by the evidence of the past few months, since my previous prediction:

1. Masternode (dash, pivx, crown) anonymity is (1) honeypot technology, and (2) a scheme for bleeding the economy to death by rents.  No such system can form a stable economy.  Any price runs are bubbles.  While shorting is supremely risky, and requires a strong and steady hand, I find it emotionally gratifying and financially lucrative.  I actually had a masternode for a while, but soon repented and sold it because I could not stomach making gains by deceit and oppression.  (I have made charitable donations in excess of those gains as a sop to my bruised conscience.)

2. Transparent blockchains expose their users to extortion and robbery.  Consequently they involve unwarranted risk, and can not persist in their moneyness.

3. App coins are generally a deceitful way to fund an Enterprise.  "Turing completeness" is ludicrous snake oil and there is still no compelling use for "gas", after years of waiting.  It is all dot-com hopium smoke.

4. I have long predicted the beginnings of the demise of the debt-based fiat currency system to become perceptible in 2017q4.  I will soon be proven either correct or incorrect, in the sense of being early, but even if my point-estimate proves over-eager, the underlying demographic deflationary implosion, resource exhaustion, systematic energy bleed, and exponential inflationary debt- (and inevitable supply-) explosion will reach a climax when the Boomer retirement peak arrives around 2024.  USD lost most of its value since 1971 (when Nixon broke the tie to gold).  It will lose an even larger proportion, and likely in fact ALL of it's value in excess of hard reserves times some yet-unmeasurable confidence*utility multiplier, on the 2024 time scale.  Crypto and hard assets are the place to be, and money is only beginning to realize this.  Those ahead of this curve will enjoy the fruits of their foresight during the next 7-10 years - if they can stay alive that long.

By a process of elimination I recommend to my friends and family an allocation of 20% xmr, 30% precious metals and/or cultural artifacts, 20% agricultural real estate (Chile being the top of my list), 10% long equities, 10% East Asia/Pacific bonds, and 10% strategic shorts (sovereign bonds, financial equities esp.) for long term money.  

The BTC fork will imply substantial volatility, yes, but that will end soon enough.  Underlying global systemic instabilities, however, will persist, compound, indeed explode, with much greater impact, albeit on a longer time-scale.  I think speculation time is rapidly coming to a close.  It is time for young and old, rich and poor alike to batten down the hatches and shelter from the coming multi-generational storm.  Given the extreme dislocations of financial metrics from the norms of millennia past which now prevail, this one may be the single greatest world-historical financial event since the Industrial Revolution, or the Black Death. There will be winners and losers.




All the CRAP I've had to wade through to figure out a sane crypto allocation. And it was all worth it to read this post. Thank you, Sir!
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Nausicaa
on 16/03/2017, 15:40:53 UTC

Oh, by the way guys... I think I know how to stop Dash from rising any more  Grin

Just now, I just bought ONE DASH COIN using about $100 worth of bitcoin that I was lucky enough to WIN today, totally unexpected fluke.

Easy Come, Easy Go... right?  Buying stupid Dash at what may be the TOP of this epic bubble run is definitely a "gamble" more extreme than any casino odds LOL

And... EVERY... FREAKING... TIME... when I "capitulate" and BUY some coin as it's been running HOT...?  ALWAYS ALWAYS ALWAYS it immediately CRASHES

So, LOL... y'all can thank me later  Grin Cheesy Wink Tongue


+1 haha That's what I was going to do! So, I'll thank you now lol.



Not amused! But you can redeem yourself by selling 1 Monero! Cheesy
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Nausicaa
on 15/03/2017, 16:13:42 UTC
...
Dash is no competition to Monero.  We know that.  
...

Disagree. It is competition, and strong competition at that. It is not as good, on paper, but nevertheless is winning in the marketplace, for now. As they say in sports, “That’s why they play the games.” The question should be “Why?” Or maybe, “How, and can Monero overcome Dash’s lead?”

The "Dash is a scam" argument doesn't work. Open your eyes. Look at the price.
Fiat money is a scam too. No one cares.

Got it in one. As a "clueless noobie", to quote a relentless troller on the Dash thread, I see that those in the Monero camp have a massive blindspot, about how, despite being less than a pristine and pure coin, Dash is succeeding. On Planet Monero, marketing seems to be a bad word, and user friendliness? Pshaw, too smart to need that!

Come on! If that is what it takes to elevate a "flawed" coin like Dash to greatness, then how amazing could a "superior" crypto like Monero be, if that strategy were adopted? Please be dispassionate, and look at it without bias. If Monero is technically better than Dash, and yet Dash outperforms Monero, then what could the difference be?

From this clueless noobie's viewpoint, the keys to domination in the Anonymous Coin Game appear to be marketing and user friendliness. And having trollers in the penalty box could be considered a negative factor as well.

Despite having better players, Monero is massively behind on points, as Dash is working better as a team, and its strategy is superior. Is it too late for Monero to learn this? The Anonymous Coin Game will only have one winner. Can M come from behind? Will D hang on for the win? Stay tuned!

Is Team Monero really better than the Dash team, if it is losing? It looks to me like Monero, is not a complete team. To this “clueless noobie”, it looks like it needs marketing, and user friendliness. It’s like a team with great scorers, fantastic skaters… but no goalie.

Edit: no offense intended. I now own Monero, Dash and yes, Bitcoin.
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Nausicaa
on 12/03/2017, 17:18:04 UTC
Thanks for the responses. Very useful in my quest to determine which anoni-coin to support.

But, too bad you can't rein in the relentless trollers in the Dash thread. They are delusional to think their tactics will convert anyone on the fence (in a Dash thread, lol), and in fact, initially turned me against Monero.

I really don't know if Monero can succeed against the advantages that Dash is using so well, the marketing and user friendliness. Because a coin without a user base, a robust network, seems rather pointless. Nevertheless, it's a good fight, very entertaining. But it's not enough to have more ability. You still have to win in the ring.
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Nausicaa
on 12/03/2017, 15:58:08 UTC
The "Dash is a scam" argument doesn't work. Open your eyes. Look at the price.
Fiat money is a scam too. No one cares.

Got it in one. As a "clueless noobie", to quote a relentless troller on the Dash thread, I see that those in the Monero camp have a massive blindspot, about how, despite being less than a pristine and pure coin, Dash is succeeding. On Planet Monero, marketing seems to be a bad word, and user friendliness? Pshaw, too smart to need that!

Come on! If that is what it takes to elevate a "flawed" coin like Dash to greatness, then how amazing could a "superior" crypto like Monero be, if that strategy were adopted? Please be dispassionate, and look at it without bias. If Monero is technically better than Dash, and yet Dash outperforms Monero, then what could the difference be?

From this clueless noobie's viewpoint, the keys to domination in the Anonymous Coin Game appear to be marketing and user friendliness. And having trollers in the penalty box could be considered a negative factor as well.

Despite having better players, Monero is massively behind on points, as Dash is working better as a team, and its strategy is superior. Is it too late for Monero to learn this? The Anonymous Coin Game will only have one winner. Can M come from behind? Will D hang on for the win? Stay tuned!
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
Nausicaa
on 12/03/2017, 04:55:05 UTC
To all Trollers: Please stop. Just stop. Whatever you are trying to accomplish, your offensive posts are having the opposite effect. If you are trying to drum up support for M_____, you are not going to succeed in a Dash Thread. You seem to be technically intelligent. But socially, rather inept, I must say.

I have been trying to decide which anonymous coin to support. Maybe Monero does have some technical advantages. But not enough to overcome the user friendliness, and superior marketing of the Dash system. It seems like marketing is a bad word in the Monero World, but unless a network is created, with a large user base, it will be all for naught. Who cares if a Monero is slightly superior (debatable), if nobody knows about it?

Anyway, Trollers: you just look desperate. And I, who was wavering between the two coins, am starting to favor Dash. Their method of promoting their coin, the ease of use, with multiple, easy to use wallets, makes sense to me. And the more you troll, the better Dash looks to me.

If you want to promote Monero, you should start emulating the things that contributed to the rise of Dash, instead of deriding them.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
Nausicaa
on 10/03/2017, 03:33:24 UTC
New to the community, but have been lurking for too long. I have an Exodus wallet, with a couple of hundred dollars worth of bitcoin ready to put into an anonymous cryptocurrency. To me, it looks like bitcoin will never fulfill its promise as a p2p internet money. But if it fails, can Dash take over its space?

All those ATMs, slaved to bitcoin – could they be repurposed to dispense Dash? Do you see such a thing happening? I’d like to buy in, after a pullback in price, but see the possible failure of bitcoin as a dark swan pointing a bloody sword at Dash. Or am I off base here?