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Monero Price Prediction 2019

Discussion in 'Alternative Currencies' started by dianadsouza, Mar 12, 2019.

  1. dianadsouza

    dianadsouza Member

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    One of the well-known experts and influencers in the cryptocurrency market, John McAfee also makes a prediction saying Monero has the potential to challenge Bitcoin as a leading cryptocurrency. Similar to any other price prediction, this may or may not be true. But, it also indicates that experts also believe in Monero.

    Find here Monero Price Prediction here.
     
  2. GrandMasterDash

    GrandMasterDash Well-known Member
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    We have privacy coins, and we have regular coins adding privacy. Government language is now negatively referencing these "privacy coins", and in so doing, acknowledging just how traceable bitcoin is.

    I'm not a fan of monero, yet equally I have to admit, dash's "privacy" is looking a little out-dated. After Evo, I want to see Dash move to privacy-by-default. Failure to do so, will open us up to significant competition. Burying our head in the sand is not going to work. We either commit to strong privacy by default, or we lose, it's going to be that simple.

    Currently, there are four or five schemes for privacy, implemented in different ways. Of them all, MimbleWimble is the best fit for dash. Transactions are carried out via a handshake i.e. the receiving party must sign and reply. It's kind of like receiving an invoice and then you pay. This setup is similar to dash's Blockchain Users i.e. both parties subscribe to each other. Dash's masternode network would be perfect for managing said handshake. The sender, for example, could ask the masternodes to pay someone within 24 hours, or void the transaction if it's not claimed.
     
  3. qwizzie

    qwizzie Well-known Member

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    The risk of turning into a cryptocurrency with privacy on by default is in my opinion :

    A : Dash could end up getting wrongly classified as just another privacy cryptocurrency again, when we are trying so hard to correct this perceived image of Dash as just another privacy-centric cryptocurrency.
    B : Dash could end up missing out on business integrations / partnerships, that actually rely on tracability / the open blockchain part of Dash.

    Currently the number of PrivateSend transactions are so very low that it makes it difficult to even contemplate changing our privacy from optional to "on by default".
    Link : https://dashradar.com/charts/privatesend-transactions-per-day

    Getting back to Monero : i have noticed very low number of transactions in comparison with other competing cryptocurrencies, so i'm not all that impressed with Monero :

    https://bitinfocharts.com/comparison/transactions-dash-bch-zec-xmr.html
    https://messari.io/onchainfx (check number of payments & number of transactions 24hrs)

    Basicly they seem to be failing their one and only use case : getting used as a privacy coin
     
    #3 qwizzie, Mar 12, 2019
    Last edited: Mar 12, 2019
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  4. GrandMasterDash

    GrandMasterDash Well-known Member
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    @qwizzie change the word "privacy" to fungibility and you might change your mind. Are you sure businesses want a traceable not-very-fungible unit of exchange? How about the money they earn or the salaries they pay being public? Or their customers traceability being abused? This is why I say the "language of governments"; they are abusing the word "privacy" when it's really all about fungibility. At the moment we're in a situation where physical cash is, in some regards, more fungible than bitcoin.

    Dash has a very narrow perspective of privacy; it simply allows someone to erase the history at one point in time. The only trustless way to mix is to run a desktop wallet, and it takes a long time.

    I know traditionally, here at dash, we've had this idea that we can do both traceability and privacy, but I think the environment in which we operate is now very different. Traceability is good for things like supply chain, but dash is singularly targeting payments, and that requires fungibility by default.
     
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  5. WSV

    WSV Member

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    Monero doesn't show well performance, there are dozens of coins that are simply better and have a bright future, I'm not sure in Monero
     
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  6. GrandMasterDash

    GrandMasterDash Well-known Member
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    In my view, monero (like a lot of privacy coins), has two major issues, a) blockchain size and, b) structural complexity. Their use of bulletproofs has helped stem this a little, but their problems are fundamental; they can't, for example, prune their blockchain. These problems manifest in both deployment and the user experience.
     
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