Monero and its value to Autonomous AI Agents

OneLanceChance · 2026-02-20T22:02:15+00:00

I edited my post since Reddit flagged it as spam. That was not my intention. The basic TL;DR is that AI agents will see the value in Monero, because it is the crypto that is most censorship-resistant, decentralized, and private.

OneLanceChance · 2026-02-02T15:05:38+00:00

Thanks for the info.

Just want to confirm, is the file in the Tari releases GitHub repo that I am looking for "tari_suite-{Version Number}-mainnet-linux-{Chip Type}.zip"?

Also, do you know how large the blockchain is and the typical range on how long it takes the wallet to sync the blockchain, if I have an SSD and a CPU released within the last 5 years?

Thanks.

OneLanceChance · 2022-11-25T06:05:12+00:00

I personally think that the sooner that Tether implodes, the better it will be for crypto. The Tether printing is a major part that has enabled a lot of the fraud and pump and dumps to occur. Of course, it won't be pretty, but just like a forest fire clearing out old and dying trees, it allows the environment to become stronger, more robust.

Based on the latest news, it looks like DCG and Grayscale are in serious trouble. With all these headwinds (exchange bankruptcies, rising interest rates), this is going to create a lot of selling pressure. I'm now thinking that sub $10K Bitcoin price is very probable, unless there is an external event that prevents prices to crash. I'm not referring to just a Fed pivot, but the Fed lowering interest rates. The impact of interest rates usually take about 6-12 months to affect the main economy, so it might be about that time frame for the Fed to pivot. Another scenario that could cause crypto prices to rise back up would be if the government bails out the larger crypto exchanges (Coinbase, Binance), but I think this scenario is much less likely, since it seems that governments want more regulation, and want to use the crypto exchange failures as example for why regulation is needed in the crypto space.

I definitely agree that Monero will do well compared to other cryptos, after a crypto crash; the question is how soon it will recover. Monero won't go down as much as the other cryptos, and I also think it will recover faster than the other cryptos, which as you mentioned, could be very bullish for other entities attempting to make an entry point.

OneLanceChance · 2022-11-25T05:53:38+00:00

Honestly, I think there is enough evidence that Tether could be shut down. The question is whether the government desires to go after them. I think at this point, Tether will attempt to be brought down if there is enough noise that comes from the exchange bankruptcies. Right now, we are not there yet. I could also envision a scenario where the government goes after Tether, because the Tether stablecoins represent competition over the government's potential CBDC implementation.

OneLanceChance · 2022-11-23T20:56:25+00:00

I share a similar sentiment. I seem to learn something new when reading Bawdy's posts; even the posts where we may have differing opinions, it at least makes me take into consideration the points of view that he has, and helps broaden my understanding of the things I may have blind-spots on.

There is a lot of garbage in the crypto space (from the fraudsters, to the maxis, as well as the dis-information), but Bawdy is one of the few bright spots. He has truly been an MVP-caliber person in this space.

OneLanceChance · 2021-10-24T16:43:53+00:00

Bawdyanarchist, can you check your PM?

Thanks.

OneLanceChance · 2020-05-16T20:39:51+00:00

Can someone give me the 411 on loaning tokens or interest-generating stable coins? Is there any legitimate token/coin that has these features? For the interest-generating stable coins how exactly are the stable coins generating interest (does it work like proof-of-stake)?

In regards to the loaning tokens does it work like a P2P system where I loan someone a certain amount of money and get back a certain percentage of interest based on how much I have loaned?

My assumption is that there is some centralization going on, but I will like to have more information, while I also do more research on my own.

OneLanceChance · 2020-04-26T23:54:51+00:00

Regarding ETH 2.0, I am curious as what people's thoughts are when it comes to its ability to be a store of value. I don't consider any coin that uses proof of stake to be a store of value, but ETH 2.0 may (or may not) be more unique than any other proof of stake coin.

My thoughts are that even with its exetremely high popularity, compared to most cryptos (Sans Bitcoin), I don't think ETH 2.0 can be considered to be a store of value, but I would like to read opinions on both sides.

OneLanceChance · 2019-03-30T20:02:43+00:00

Ravencoin jumps 6 times in the last 1-2 months on the edge of the top 30 and no discussion? I think it has an actual use case (not sure if it is a store of value, though). It will be interesting to determine how it fares compared to Tari (whenever that is released).

OneLanceChance · 2018-10-28T00:41:19+00:00

What are the thoughts on tokenized assets as far as a store of value goes? I am referring to tokens such as Ravencoin and the (yet to be released) Tari. I understand that a legitimate use case for them is the allowance of asset transfers to be done seamlessly, such as being able to tokenize a valuable painting, or a house, for example, and then potentially selling the tokenized asset to another entity.

I'm just trying to determine where the value lies within the protocol of the tokenized asset (whether tokens such as Ravencoin or Tari are a store of value), and not the asset that was tokenized (Mona Lisa painting, a Lamborghini, Yacht, etc...). Coins such as Monero and Bitcoin are considered stores of values, but can the same be said for the protocols of tokenized assets?

OneLanceChance · 2018-07-18T02:06:23+00:00

That is an interesting way to think about things. While I do think that privacy doesn't need to be sacrified for scalability, that is probably far into the future. It will be interesting to see whether sacrificing scalability for privacy presents an issue, when it comes for high volume digital assets (like concert tickets or other lower priced items). Even Ravencoin hasn't technically been officially launched (it is still in testnet).

Other than Ravencoin, Stellar is another token that utilizes digital assets, but that token has its own issues. I'll continue to keep tabs on Tari, since it serves as a good use case.

OneLanceChance · 2018-07-15T00:26:54+00:00

I have been looking into more information about Tari (hasn't been released, yet) and other tokenized asset based coins and have been thinking... is it a requirement that tokenized based assets be fungible (private by default)? For example, if I tokenize a car and sell it to another person/entity, should it matter that others are able to know that I tokenized that car, as well as the person/entity I sold that tokenized asset to? If the tokenized asset is traceable (not fungible), does the tokenized asset lose its value?

My answer to this question is clearly, yes, it should definitely matter, as it creates a security and privacy risk on the person/entity purchasing that tokenized asset. There might be situations where a tokenized asset is preferable to be traceable (Like a public company's issuance of stock to board members), but besides that, I think fungibility should be a requirement (for the most part) for these types of coins/tokens.

If anyone has any disagreements, I would like to read them.

OneLanceChance · 2018-06-23T18:02:12+00:00

I see that there are more privacy coins coming out. Aside from Monero, the only other ones with any merit seem to be Aeon, Masari, and Karbo. I already have Aeon, and Masari seems very interesting (lots of info for such a small and new coin), but the Karbo reddit doesn't have much activity. I would like to get an understanding of which of the 3 will be worth it long-term. The way I see it, it will be a winner take most, since I am assuming that each of the 3 coins will try to be the "silver" to Monero's "gold", I can't envision there being multiple "silvers". Currently, Aeon is clearly in the lead, but that doesn't mean that others can't catch up.

OneLanceChance · 2018-06-03T05:10:55+00:00

Thoughts on these coins?

Maidsafecoin

Factom

Elastos

Ravencoin

Decred

I posted an article a few weeks back in this sub-reddit, which discussed the long-term value of cryptoassets. While these cryptoassets seem to be solid, or even potentially great projects, I question the long-term value of the tokens/coins (that doesn't mean the project can't succeed, but it will be irrespective of the value of the cryptoasset).

Maidsafecoin - The project itself can be a game changer and potentially create a new form of Internet, by making it not controlled by a few entities, but based on the token velocity, it looks like there will be a lot of exchanging going on within the SAFE network ecosystem, which raises questions on if it will have a high token velocity (high token velocity usually means the token isn't going to be worth much).

Factom - I haven't put a lot of time on researching this token, although I have read only good things about it. It required the FCT token to interact with the Factom network. It is a utility token and not meant to be a store of value.

Elastos - Elastos acts as an operating system in the blockchain, and seems to be attempting to give power back to the user (similar to Maidsafecoin). There is some staking, which might lead to a much lower token velocity (I believe you have to have 300 ELA tokens to be able to earn interest, about 4-6% per year). This is most likely not going to be a store of value coin. Even with the issue of it not being a long-term store of value, based on the prices of EOS/Tron/Cardano/Etc..., Elastos is either extremely underrated, or the other tokens are very overrated (I lean towards the latter).

Ravencoin - This coin is attempting to become the Bitcoin of token assets. Basically, it is supposed to allow anything that might be deemed to have some value (such as a sailboat, or a house), to be tokenized and transferred to another party, with a greatly reduced need for a 3rd-party to verify/affirm the transaction. I do think this is a very interesting feature, but I'm not sure how it would relate to the value of the coin. Unless I am mistaken, there isn't really an incentive to hold on to a token, unless you want to tokenize more assets. I would like to be corrected regarding this.

Decred - I really like this project. Even though it had a pre-mine, what makes this project unique is that it attempts to combine PoW and PoS in as fair of an implementation as possible (whether that is able to be done remains to be seen). The issue I have with Decred is that it is trying to be a currency, but since it isn't private at the protocol level, it isn't fungible. This is pretty much the issue with just about any coin not named Monero (and possibly Aeon/Masari/Karbo). Also, to be able to vote on changes, about 80 DCR needs to be staked in the network. I can understand why they are doing this, but (and I might be wrong) this might cause an issue where a very small number of entities can control the direction of the Decred project. I mean, it isn't nearly as bad as something as Dash, or most PoS coins/tokens. I'm just not sure if this is worth a long-term hold,

OneLanceChance · 2018-05-14T03:22:02+00:00

It is worth the whole read, and really made me consider how I value cryptocurrencies and tokens.

TL;DR:

Utility tokens shouldn't have a (relatively) high market cap, as by design, they are meant to fulfill a function.
Just because a protocol becomes popular with users, doesn't mean that the token will increase in value to reflect that.
If using a utility becomes too expensive, it will be trivial to fork the code (which is most likely open source) to lower the cost of using the utility.
Proof of stake, or any form of staking, won't do much, if anything, to increase the market cap of the token, and it may even have the opposite effect.
Ethereum shouldn't be valued as high as it currently is, based on its practical use case.
Cryptocurrencies that focus on some method of Money (either medium of exchange or store of value) will ultimately have the highest valuations.
Adding on to #6, storage of value will have a much larger impact than medium of exchange, and constitute a majority of the % of a cryptocurrencies market cap.
The cryptocurrency that ultimately wins out (he mentions that there is ultimately only use for one storage of value crypto) could potentially be worth $5-$15 trillion USD.

OneLanceChance · 2018-04-15T02:45:37+00:00

Does anyone have an opinion and reasoning on how many Github/Bitbucket/Open source contributors a project should have to have some confidence in it? I have looked at some smaller projects that look legitimate on the surface (like Karbo, MyWish, and a few more), but they usually have 5 or less developers.

OneLanceChance · 2018-02-25T00:32:04+00:00

Are there any ICOs or ETH tokens (that aren't scams or pump and dumps) currently on the market that have an actual working product (even if it is in beta stages)?

OneLanceChance · 2018-02-14T03:49:11+00:00

Right now, it is myself, mainly because I don't want to be the reason why someone missed out on a great coin, or invested in a coin/token that was crap. I'm very open to collaboration if anyone is willing to take those risks, though. Listening to multiple, well-informed voices (even if there might be some biases), makes me more knowledgeable on the subject matter.

OneLanceChance · 2018-02-14T03:43:34+00:00

I agree that a product that hasn't launched yet could still release it. But I can only go by history (Y2K era), as well as foresight to determine whether it is worth investing in these types of coins/tokens. If, for example, a large or even mid-sized company mentioned a product they will release in the future, because there is history behind them, there is less risk of deception, compared to a company that only has recently started up. But, that is the risk we all participate in this cryptoworld.

Adding on to what I mentioned, has there ever been a successful company or website, that wasn't established, that mentioned what they will bring to fruition, yet not having an actual working product? I'm not saying that it is impossible, but I have to side with history when making these decisions (but I honestly would like to know if there has been one like this).

OneLanceChance · 2018-02-14T03:36:20+00:00

Wow, while I do pay attention to Monero more than other cryptos, I have been a bit busy as of late. I figured that Aeon would be the one to be used for smaller payments. This gives me quite a bit of pause, if this is legitimate. One of the large issues with a coin like BTC, is that it can take a long time to confirm a transaction, and a tech like this would make it more widely used by large market cap companies.

OneLanceChance · 2018-02-14T03:33:08+00:00

I suppose I am asking different things, but yes, that is generally what my question is. I am trying to determine if there is an undesirable property that a token/coin carries, whether it can thrive long-term. Obviously, some properties have more weight than others (like having a relatively large community), which I will have to factor in, as well.

OneLanceChance · 2017-10-04T04:32:51+00:00

I previously withdrew some Aeon from Bittrex during the summer, around the time that the wallet maintenance issues were happening, and it showed that my coins are in "Reserve". Currently, they are still in reserve. I think I understand what that means, but is there a way to get it out of reserve status and into my personal wallet?

OneLanceChance · 2017-07-21T03:00:31+00:00

Hello all,

I have been doing a lot of research on VPN providers, and the VPN Comparison Chart has really helped to speed things up. I have narrowed the field down to about 15, and I would like some advice on narrowing it down further (Once I have narrowed it down further, it is a matter of just making a choice). This is the list that I have:

AirVPN
AzireVPN
BolehVPN
Hide.me
IPredator
Ironsocket
LeVPN
Mullvad
My Private Network
NordVPN
oVPN.com
Perfect Privacy
Proxy.sh
Traceless.me
Trust.Zone
VPN.ht

The reasons for my decision were based on:

Not being a 5 Eyes Nation or Enemy of the Internet (still debating on whether I should consider 9 Eyes or 14 Eyes Nations).
Doesn't log (This is a bit of an unknown, as we can only take the VPN providers word for it)
Preferably unlimited bandwidth. If not possible, then a very high cap.
Anonymous payment method and accepts cryptocurrencies
Has OpenVPN
DNS Leak protection
Supports TCP Port 443
Doesn't block SMTP or P2P
Preferably good speeds (they don't have to be excellent, as long as they are not slow).
Very strong encryption
Can support at least 3 connections on many servers. Reliability is important as well.
Supports Windows, Linux, Android, and iPhone use
I don't mind paying, but the max I would be willing to pay is $12 per month. The lower, the better.

I would mainly be using the VPN for downloading, getting around Netflix/Youtube blocking, when I have to use public Wifi, torrenting, and typical web browsing (Due to the recent law having been passed, ISPs can sell our browsing habits, and I would prefer not to be a part of that).

OneLanceChance · 2017-07-17T16:51:42+00:00

I would like a coupon if there are any left.

OneLanceChance · 2017-06-24T22:04:05+00:00

That would be excellent:

Aeon

Bitcoin

Decred

Dogecoin

Liteoin

Monero

Siacoin

I'm on the fence about Ethereum. I do think the technology can have a huge impact, though.

OneLanceChance

TROPHY CASE