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    Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4674730 times)
    luckygenough56
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    June 05, 2014, 06:40:23 PM
     #5101

    Why should I invest in this coin, what makes it better than other coins?

    If you are a sociopathic greedy or selfish person, you should not invest in this coin.  If you are too wealthy to be a good steward of the earth's resources, you should not invest in this coin. Short-term speculators should look elsewhere, because a PoW/PoS coin like XC will offer better gains when PoW ends.  XMR isn't a good vehicle for pump and dump.  Moreover there are now several people who seek to build XMR by market-making, which means volatility is low, reducing short-term speculation gains.

    If you are respectful of the freedom of others, careful to use wealth constructively, rather than in hedonistic consumption (except for a relatively small proportion appropriate to the enjoyment of prosperity) then I would encourage you to invest heavily, if you wish to transact privately and/or protect wealth and your life and family from extortion of any kind.  It is currently the best coin for that purpose:  The underlying protocol is the best extant (in my opinion the only one worth trusting today), and among the coins using that protocol it has the best chance of long-term success, due to responsible active development, and dispersion factors.

    Regarding dispersion factors, I am convinced that the aggressive emission schedule will be beneficial to dispersion, and thus accelerate the development of a viable XMR economy, relative to the history of bitcoin.  Miners who want to flip would prefer early prices to be higher, but that's illusory:  Half the coins at twice the price means no benefit.  Only the competitiveness of mining and the efficiency of your hardware will impact mining profits.  



    great speech!

    I did cry
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