XMR/BTC Long term

17 apr 2019

Final target for XMRBTC to settle (in my opinion) is 0.16 (current 0.0130)

XMR has the potential to be the number 2 Crypto currency. 1) Bitcoin 80% 2) Monero 16% 3) T.B.D 3.2% etc.

A must long-term hold for every self-respecting digital asset investor.

An interesting analysis to read from SATIS Group: research.bloomberg.com/pub/res/d37g13t-y4Z-zRdOVQOaUywhfJw

Strengths

Strong development. Third highest code contributor count (547+ all time developers), led only by Bitcoin and Ethereum. Utilizes bug bounties. Has been attacked multiple times, making it stronger each time. Sound and battle tested CryptoNote codebase.

Privacy. Obfuscating every layer of the transaction (sender, receiver, and amount), Monero seeks to find the right balance between absolute privacy and usability.

Highly researched and peer-review focused. Uses proven encryption protocols to maintain privacy for the network and its users. Also has its own independent Monero Research Lab which sends new developments through formal third party auditing before implementing into Monero code.

Active community. 23 repositories in the Monero Ecosystem. 340 repositories on the Monero topic. 200+ active contributors to the Monero code. Workgroups ranging from general community organization, research, translations/localization, outreach, hardware wallets, and event planning. Fixes problems quickly and effectively establishes consensus on important decisions.

Fixed supply and stable emission curve schedule of 0.3 XMR per minute, so a rise in demand could see appreciation for the long term and it incentivizes miners to secure the network indefinitely. Is a great alternative to blockchains that will depend on fees to secure their network longterm. Also creates stable, predictable inflation which supports good economics.

ASIC resistant proof of work consensus algorithms acknowledge the centralization issues inherent in a small group of companies manufacturing most of the world’s ASICs. The Monero community has established consensus to resist ASIC mining until ASICs are commoditized and accessibility problems improve. This currently makes mining Monero something that is accessible to anyone with a CPU.

Great communication with exchanges, wallet providers, community, investors, miners and the public via Reddit, Twitter, GitHub, and their mailing list. Communicating network upgrade requirements and critical updates and notices. Additionally, they provide full logs of development meetings going back as far as 2016.

Usability. Desktop GUI wallets are available and relatively easy to use for Windows, MacOS, and Linux. User friendly mobile wallets are available on Android and iOS. Hardware wallet support on the popular Ledger and Trezor wallets. Monero community has also funded development of an open-source hardware wallet.

Governance of the Monero project is decentralized The core developers are all individuals spread throughout the globe, rather than being part of a single entity. They communicate transparently and attempt to find consensus among the community before major decisions are made. So far they have not abused their powers and have not given any reason to believe they would. Critics have argued it’s not decentralized enough, but compared to other major cryptocurrencies it is among the best.

Auditable by choice. Unlike Bitcoin that has a transparent blockchain and can be audited by anyone at anytime, Monero can be audited only by choosing to share its private view keys, allowing auditors to confirm an individual’s amount of Monero and giving individuals and businesses the power to control when they choose to share their private financial information.

Accessible and acceptable through dozens of exchanges and a number of payment gateways. Accepted by a long and respectable list of merchants. See official website and Project Coral Reef for examples.

Public. The lead maintainer, Riccardo Spagni, is not afraid to show his face in public. This is also true of many of the most active community members.

Business Oriented. Many developers and community members have built and are building businesses around Monero to enhance the ecosystem.

Scalable. Dynamic block size limit depending on network demand allows for automatic scalability.

Decentralized and Global. The Monero community and its developers are made of individuals from around the planet and has an incredibly active Localization/Translation system that produces Monero content and services for a wide range of languages around the world.

Future Oriented. Monero’s community has donated to fund development of decentralized network-traffic hiding tools that will allow users to hide their location and IP address. The Monero Transmissions Lab also aims to brainstorm solutions for future off-grid or off-main-net Monero transactions, using open-sourced protocols and infrastructure for satellite and mobile ad hoc mesh communications.

Savvy and Dedicated Community. Monero’s online community is known for its no-frills attitude and has consistently demonstrated the depth and breadth of its knowledge-base by contributing to online forums, research, lectures, and other cryptocurrency related developments.

Funding Model. The large number of donors is evidence that a systemic funding channel like a mining tax or premine was never essential for Monero’s technical progress. However, some critics also view the funding model as a weakness. See link below.

Talent Magnet. Monero has attracted several talented individuals who contribute to its code and ecosystem. A notable example is Howard Chu, Founder and Chief Architect of Symas Corp. and former technician and consultant of NASA’s Jet Propulsion Laboratory who supported Shuttle missions as a lead software engineer.

Source and continuation of this swot: monerooutreach.org/stories/monero_swot_analysis.php

Good luck.