For those of you not familiar, aminorex is one of the more highly respected posters over on bitcointalk.org. He is and has been extremely bullish on Monero since before the latest price explosion as he believes a new wave of DNMs will catapult Monero into the heavens:
"Those comments are predicated on the notion that all crypto are created equal endowed by their creator with certain natural rights which are common to all but this is not true. In fact all crypto are created very unequal, some endowed with marvelous potential which has yet to be realized, others with Ponzi fatal flaws, many of which have already fallen by the wayside. Monero will not fall by the wayside, because of the capabilities of its community of developers and supporters. Even when a serious flaw in Monero has appeared in the past it is always been dealt with in a disciplined and orderly manner, allowing Monero to overcome hazards which would have rapidly strangled any lesser coin in its crib.
Today 40 XMR make 1 BTC, but when the economic potential of Monero is fully realized 40 BTC may make 1 XMR. "People" may not care about privacy, although they are fools if so, but they do care about fungibility, whether they know it or not. They also care about extortion, taxation, theft, embezzlement, and kidnapping. Monero protects you against these things while Bitcoin does not.
If I were to produce a physical Bitcoin today the obverse would bear a vivid image of Cazes hanging by his neck in a Bangkok jail cell. So, yes, I am expecting 200 to 300 this year simply on the basis of speculation discounting future fundamentals, and 1000 sometime next year on the basis of the emergence of a new functioning darknet economy, and furthermore expect fomo to rapidly push that up to 2500 before that bubble pops."
Yeah, I agree. Monero has a solid 8/10 team, 8/10 tech, and is still the leading privacy coin.
$1000 always sounds like a huge increase until it really happens.
Jack Morris
Nice, just bought 40
Carson Reed
Hard to know whether to start buying in or wait for more dip
I like dip
Jose Williams
I like monero but what turns me off is theres no hard cap on the coin, no? If there was a hard cap Id make this my main bitch, no that (((bitcoin))) got jewed by the banks.
Bentley Lopez
Words of Wisdom Buy now or cry later
Jonathan Smith
we need an anime mascot
Jonathan Nguyen
Too bad it's been proven that privacy is broken in Monero
Brayden Brown
Coins will be added more and more slowly. Also, this way there's no massive milestone with huge unknown implications on the horizon.
Adam Jenkins
after 18MM coins are mined, coins mined will approach 0% per year mined, but never reach 0%, this totales is less than 1000 coins per year after 2022 or smt. Anyway the amount mined is neglectable
Nathaniel Adams
I've got 12.7 ETH waiting to be released because the ACH is retarded.
I'll be buying more XMR once it does.
Adam Rivera
>They also care about extortion, taxation, theft, embezzlement, and kidnapping. Monero protects you against these things while Bitcoin does not. I'm 12 but what the fuck? Anonymous transactions makes stealing, kidnapping and killing child's play. The Feds will never let you not pay taxes either.
James Howard
Monero has a tail emission that kicks in with
Justin Gomez
After 10 years Monero's inflation will be 0.52% per year. Over 100 years Monero's inflation will be 0.052% per year. So yea even after 100 years Monero's supply still will not have doubled. It will take around 200 years. By which you will be long dead. To put it all a bit in perspective: For fiat the inflation remains @ 2% every year. After 10 years you have 20% more fiat (only 5% more Monero) After 100 years you have 624% more fiat (only 50% more Monero) And after 200 years you have 5100% more fiat (only 100% more Monero) The amount of total wealth for fiat will go 50x in 200 years, but only 2x for Monero.
The rate of inflation is essentially negligible.
Parker Butler
also when you add in burned coins monero will certainly be deflationary in the long term
Jaxson Howard
Bought XMR when it was 48 and Still holding waiting for Lamborghini land
Owen Hughes
why u pretend people live over 100 :S
Gabriel White
We already have one.
Justin Torres
>Not planning generational wealth.
You aren't going to make it.
If you want to get big money rich, you need to start acting like it.
Zachary Jones
>fiat inflation remains @ 2% every year. >trusting government (((statistics))))
good goy
Hudson Williams
How else are you planning for generational wealth besides working and crypto, if I may ask?
Juan Collins
thx lads for the quality intel
>The amount of total wealth for fiat will go 50x in 200 years, but only 2x for Monero.
that still means it would lose half its value in my lifetime I guess it doesnt really matter if we go to the moon but still... a hard coin cap and this coin would be perfect ill throw a couple of grand in I guess but not sure if I wanna make this one of my main holds
Daniel Gonzalez
>it would lose half its value in my lifetime
i certainly doubt it
Matthew Gray
For those of you not familiar, the average IQ on bitcointalk is 80. "One of the most respected posters" of the lot might be roughly at reddit levels of intellect. If you need moonkids to sing their song, just head over to r/ethtrader instead.
Jacob Martin
Monero is rising motherfukers buy buy buy
Levi Cox
Well, the average IQ of biz is probably around 80 as well.
Bentley Ortiz
retardtalk really
this is the same forum that considered mircea popescu and unreliable source of information not because of anything considered, but because they simply did not *like* the things he would often say on subjects completely unrelated to bitcoin.
and again and again after calling him a crazy idiot, he would turn out to be right, every time. Which is probably not unrelated to why he's a millionaire and the average bitcoin forum personality lives with his mom
He said "I have a huge announcement" like 2 days before a conference, only to show a video that was making fun of ETH, ICOs, and (((investors))). The price tanked but recovered 2 days later. Assblasted redditors that didnt sell the news accused him of shorting before his announcement.
Leo Gray
My sides.
He fucking cucked everybody.
Stool a good joke.
Luis Reyes
That is neato.
Ethan Rivera
kinda sounds like this is ourguy
Gavin Bailey
I like cryptos but what turns me off is theres no hard cap on the number of coins that can be created, no? If there was a hard cap Id make this my main bitch, now that (((USD))) got jewed by the Fed.
Ayden Morris
Making babies might be one.
Elijah Rivera
Planning on it.
Charles Harris
He's talking about the lack of privacy in bitcoin wallets. If someone knows your bitcoin address, they know exactly how much you have in that address which sets you up as a TARGET of those crimes. So if you ever give someone a bitcoin address to send funds to, that person can easily find out exactly how much you have in that address.
Luke Anderson
>$1000 always sounds like a huge increase until it really happens. $1000 only seems like a lot in today's market
as crypto grows, XMR will pass $1000 many times over
Jace Bell
Would be just do decimals for lower quantities or would we provide different categories?
William Clark
IIRC they fixed that with ringCT
William Bell
>The Feds will never let you not pay taxes either. > never let you > never let > let
lol
Why is it derps imagine that the "feds" are an omnipotent and omniscient force? You're not actually that stupid, this is something you've been conditioned to believe as true without any examination.
Parker Williams
>mfw i bought the dip
Caleb Parker
In the 70's and 80's inflation was bad. These days inflation is actually good. See how much US$ has been created and is still the strongest currency out there. Trade the opposite. buy coins with billions in supply. Welcome to a fucked up world we live in.
