Indeed, to Gavin credit he doesn't say this quote does not make sense, but that this is the 101 of crypto. My understanding is that Gavin refers to the vague "informal" formulation in the quote, not to the meaning of it. The conclusion of Gavin just based on this poor formulation is really stretched though. The quote was actually a forum post so of course it's not formulated as a science paper.
Worth mentioning that the post of Satoshi with that quote also mentions stealth addresses. In a way, all Monero is in there

https://bt.irlbtc.com/view/770.msg9074#msg9074

Agreed. My (tangential) point was that there is no useful store of value in a defunct property. If the coin survives 200 years but only scales to 58 million units, dilution is the least of everyone's concern.


Mass adoption is the end goal. The "average crypto user" won't ever know about the currency until it survives the scrutiny of the interested community.

Please correct me if I am wrong, but this part of the post perfectly describes ring signatures:


I think fluffypony used a somewhat similiar example in the LTB podcast about a company that had to make a controversial decision (something with the CEO, can't remember exactly). 

The second quote about "unpopular military attack" is also from Satoshi. Cool. I didnt now that.

Cool website!

One night I had a dream that Satoshi Nakamoto himself came back from the dead with his verified PGP key to provide a sign from above that Monero was the one true coin to rule them all.  A voice thundered from the heavens, "Monero is my beloved coin, listen & take heed," with Satoshi's PGP key signature in the clouds, and a white dove came forth and perched upon the fluffy pony's shoulder.  With Satoshi's blessing the XMR price skyrocketed to $3,141.59 per coin, and the trollboxes of the earth went nuts.  Then I awoke and behold it was a dream...  

Exactly.
The key in analysing the future value is to compare the increase in money supply to the increase in global GDP. As long as the former is growing in higher speed as long also the purchasing power of Monero will rise. Correct me if I am wrong,  historically global GDP growth rate taking account the recessions is roughly slightly over 2 % annually.
But this analysis applies only in situations when absolutely everybody in the world uses Monero. Until then even higher inflation will be absorbed by new adaption.

Why do you think that they are wrong? What is your proposal?

They're wrong in so far as they both propose that one particular subset of the system has ultimate control over it (miners in the case of the first post and users in the case of the second). They all have varying degrees of influence; none has unilateral control. (Also "miners" and "users" are not really decision making entities which is another problem with both arguments -- fallacy of composition/division.)

As far as my proposal, it doesn't really matter because they won't listen to me but I favor a hard fork to 2 MB followed by a slow automatic increase of maybe 10% per year for say 10-20 years. Slow enough that if it looks to be running out beyond hardware improvements it can be rolled back with 1-2 year lead time for another fork. Ultimately, though, it is up to the various interest groups to work it out or fight it out, because it won't work unless all are somehow on board. Messy and ugly but it is delusional and wishful thinking to think you can remove politics from this process.

I have been following Monero off and on for about a year now, and have been accumulating various amounts since around March of last year. I certainly do not know as much about Monero or other cryptocurrencies as most of y'all, however, similar to what somebody was saying earlier- bubbles can be immensely beneficial for the Monero community. Just as he was saying, out of bubbles such as the 1929 bubble, the dot com bubble, or even the Bitcoin bubble, many long lasting companies and investors were created. Monero is the internet's best kept secret and the community suffers from a serious lack of publicity and marketing. Now with the recent update more of the general public can become involved and begin to pump up prices and begin generating serious interest in this wonderful project.



P.S. I have my own hopes and predictions, but, I would like to ask all of you where you see the price of Monero in the next: month, 3 months, 6 months, and year- respectively.