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msvb-web
Good for you midipoet,. Do you know if we have any meetings today, like community, events, space, or other?
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msvb-web
I lost track of this, but it is Saturday.
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midipoet
msvb-web: today is Sunday
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mechanic41turk[m
<chad[m]> "I really want onion support, but..." <- me too bro
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msvb-web
Oh wow, crossed a couple timezones and messed up my internal calendar. Thanks midipoet.
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nioc
lol
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nioc
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brendonero[m]
hi, i'm a marketing "expert" who can i speak to about some problems about the monero project marketing campaign ?
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Rucknium[m]
brendonero: Just say what you're going to say here. The Monero Project doesn't have much formal hierarchy.
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rbrunner
I would say if the right people are present you are in a good place. If not, people will read up from logs what gets written here.
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rbrunner
Maybe hard to speak about the "Monero project marketing campaign" because currently there does not seem to be anything such :)
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fluffypony
if you're referring to the John Oliver segment, he used the "what is Monero" video that a community member made (
youtube.com/watch?v=TZi9xx6aiuY)
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fluffypony
hardly a "marketing campaign", and certainly not an "advert"
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brendonero[m]
Rucknium: rbrunner thank you, i'd like to point out that many monero users (or just stakeholders) tend to say monero is the real bitcoin etc. but nowadays the average crypto user doesn't even know what bitcoin is in reality. the monero mission is much more complex than bitcoin, this because most of the new people that bought bitcoin in the past two years is keeping them on exchanges... back in the days they would have learned
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brendonero[m]
an hard lesson but today is much less probable. Said so, i think that we should start explain that bitcoin and monero works together to garantee better privacy, we all know that bitcoin succeding is fundamental to monero success. having a fight with bitcoin or trying to subvert the bitcoin narrative isn't beneficial to anybody. on the other hand we know that monero is superior to all the other centralized/premined coins. the
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brendonero[m]
crypto OG (if may call them this way) already know monero and hold many, but the new crypto users are holding 100% premined tokens like shiba or others, i know it may sounds stupid but we have the moral obligation to protect them and gain some users from this mission
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brendonero[m]
apologize my writen english...
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Inge
so... what is this Monero project marketing campaign, brendonero[m] ?
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Rucknium[m]
"we all know that bitcoin succeding is fundamental to monero success." I don't think we all know this. In fact, I don't know this.
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BusyBoredom[m]
That's good advice that we can apply when talking to other communities brendonero, but everything monero does is 100% community driven so I'm not sure any of us can use your advice in any official capacity.
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BusyBoredom[m]
That said, monero is a "be the change you want to see in the world" kind of project, so I'm sure none of us would mind if you created your own marketing material.
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brendonero[m]
Inge: the market is changed and comunication skills should adapt with it. marketing isn't just about advertising...
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Inge
I .. am not aware of any Monero advertising - except for some monero stickers
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brendonero[m]
BusyBoredom: this is a good advice but sadly i'm not a good content creator so i'll leave this part to people more expert than me
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brendonero[m]
just wanted to share my knowledge with you guys, since monero is a nice community driven project.
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BusyBoredom[m]
I think there are some content creators over at #monero-memes:monero.social.
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BusyBoredom[m]
Side note, I think you'll find that the "investor" mindset in this community is pretty weak. Monero isn't meant to be an investment, it's meant to be a currency, which is probably why you see so much apathy towards marketing here.
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rbrunner
Your arguments written above which you probably could brutally simplify as "Bitcoin and Monero strong and happy together" will be a very tough sell to the Monero community IMHO
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brendonero[m]
i know the investor mindset might be weak but a currency needs liquidity and without liquidity monero lose its usecase, this doesn't apply only to monero but even to bitcoin. rbrunner imo most of monero users have both...
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Rucknium[m]
brendonero: In what sense does Monero lack liquidity? And how can a marketing campaign affect liquidity? I mean, I can see some ways that marketing may affect liquidity, but I'd like to know what you have in mind.
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unscottable[m]
xmr or bust 😎
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nikg83[m]
All eggs in same basket
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dEBRUYNE
will be a very tough sell to the Monero community IMHO <= I think the majority of the community understands that Bitcoin and Monero are complements, not competitors
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unscottable[m]
<nikg83[m]> "All eggs in same basket" <- as far as crpyo assets go, yes.
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brendonero[m]
Rucknium: just look the traded volume on exchange... shiba or doge are mone liquid than monero and i'm speaking about the sell side and the buy side. this isn't good for the project... a good advertisement campaign (not saying marketing since marketing is more vast than what people think) may acquire potential users and then increase liquidity.
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unscottable[m]
* as far as crypto assets go, yes.
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unscottable[m]
if anything id hedge in some other asset besides cryptocurrency, to diversify.
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brendonero[m]
i think the fight bitcoin vs monero is a war that nobody can win
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Rucknium[m]
brendonero: As long as the buy-sell spread isn't substantial (and AFAIK it isn't, for Monero), that type of liquidity doesn't matter much for use as a medium of exchange.
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unscottable[m]
the liquidity thing is a double edged sword. If XMR was used more it may spur on regulation, but it would be nice for it to be used more
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Rucknium[m]
I'd argue that more marketing means more volatility in the fiat-XMR exchange rate, which harms use as a medium of exchange. There, marketing is counterproductive Q.E.D.
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anarkiocrypto[m]
Monero, KYC-free exchanges and KYC-free marketplaces are designed to be resistant to regulation.
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brendonero[m]
Rucknium well i can argue with that, if you are talking about liquidity for a little market yes it isn't an issue but if you are talking about a very big market, well...
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unscottable[m]
anarkiocrypto[m]: resistant yes but not impervious. also just announcing a regulation regardless of capability to enforce it, will manipulate the price
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anarkiocrypto[m]
This is good practical marketing:
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anarkiocrypto[m]
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rbrunner
Just for fun sorted coins on coimarketcap.com for daily exchange trading volume: There must be 70 or 80 coins more "liquid" than Monero.
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rbrunner
Monero must be a complete basket case :)
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nioc
not all liquidity is equal
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nioc
or real
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rbrunner
Of course. Just wondering what all those 70 coins get out of their higher "liquidity", which I understand brendonero to be important
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nioc
haven't looked lately but a scam exchange was listed as #1 in volume for monero
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rbrunner
Whatever :) So if that wonderful Shiba coin mentioned has 10 times, or even 100 times the liquidity of Monero, what does it care Monero? Where's the disadvantage, damage even?
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brendonero[m]
it cannibalize monero potential users
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rbrunner
Because you can buy so many things in so many places with Shiba?
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brendonero[m]
it cannibalize potential liquidity
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unscottable[m]
rbrunner: also liquidity numbers can be manipulated
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dEBRUYNE
brendonero[m]: Traded volume is kind of a bad metric to measure liquidity
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dEBRUYNE
Order book depth is a better measure arguably
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dEBRUYNE
Substantially harder to fake
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unscottable[m]
especially since people running various crypto projects know that people will sort by trade volume
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brendonero[m]
rbrunner: this is my point. shiba is useless but nocoiners ask me about shiba and not about monero or bitcoi...
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rbrunner
Clear. I just argue I still refuse to worry if *real*, *hard* liquidity of Monero is only 1% of Shiba. A whole different world. Monero can still work as a currency with that 1%
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rbrunner
Let them ask :)
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brendonero[m]
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rbrunner
It's a little like a scene on a market in a small country with its own currency. The buyer asks the seller of carrots: "Are you aware that our currency is almost worthless?"
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rbrunner
And then, when the seller asks suprised "Why?" the buyer explains: "Just order the world's fiat currency by trading volume. Then you will see."
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Rucknium[m]
rbrunner: Very good analogy. Monero has sufficient liquidity to act as a medium of exchange. It would be nice to get it on more centralized exchanges, but that's a separate metric than gross aggregate trading volume.
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unscottable[m]
in fact xmr not being on coinbase is a sign that its privacy functions do work lol
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brendonero[m]
but don't we want big corp using monero ? liquidity matters... bitcoin +-2% liquidity is over a billion monero is less than 17 million
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brendonero[m]
we need liquidity.
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rbrunner
big corp using Monero for what?
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brendonero[m]
with liquidity we will have a larger userbase... i don't know, lobbing ?
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unscottable[m]
also what happens if a corp goes bankrupt? the usd is used to bail them out from taking that risk. they can print more
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unscottable[m]
they cant alter the supply of monero at a government level if one of their business ventures goes bankrupt. so they cant use it in the way they can use the USD
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unscottable[m]
so my main point is that generally there is not an incentive for big corps to use XMR. because of things described above.
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nioc
if corps are going to use cryptocurrency for business then monero makes sense compared to a transparent ledger
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unscottable[m]
a transparent ledger will facilitate trade and allow tracking, which would benefit the current hegemony of the international monetary systen
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unscottable[m]
s/systen/system/
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unscottable[m]
the NYTimes, one of the regimes media outlets just wrote on article describing it in that way
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nioc
yeah I want all my competitors to know my business :)
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nioc
but yes we need to track everyone
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unscottable[m]
this is the ultimate goal ^
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unscottable[m]
this was in the NYTimes
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nioc
widely known yes
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nioc
happening in other counties as we type
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unscottable[m]
so this is why they favor a transparent ledger and xmr isnt listed on coinbase, and coinbase was put on the NYSE. they are making careful moves to attempt to centralize cryptocurrency
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unscottable[m]
with the eventual release of a CBDC
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nioc
most usd is digital
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unscottable[m]
the CBDC will also likely have incentives for people to switch to it. such as better tax rates, discounts at participating corporations and etc.
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nioc
nothing to release
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nioc
there are some countries that have gone virtually cashless without using a CBDC
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unscottable[m]
janet yellen, the director of the us treasury just made a statement regarding cryptocurrency as well, that is very telling
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unscottable[m]
from their perspective their plan is to take the benefits of crypto, and the benefits of the USD, and to merge them into one entity. and xmr is not a part of that plan at all lol
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unscottable[m]
xmr is the wrench thrown in the gears of this plan
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nikg83[m]
Xmr will live on layer2 Internet 😅
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nioc
what benefits? decentralization? distributed? inefficient?
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nioc
maybe just permanent record lol
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unscottable[m]
obviously a cbdc is centralized, and has a permanent record
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nikg83[m]
Cbdc = gov bypasses banks = full oversight of transactions
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unscottable[m]
also the supply is much easier to manipulate
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nioc
this type of talk always makes me feel like going outside naked
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unscottable[m]
* to manipulate,, * and they can manipulate it in more creative ways
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unscottable[m]
the regime is already spitting out fearmongering propaganda around XMR lol
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unscottable[m]
exactly as i expected
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unscottable[m]
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unscottable[m]
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nikg83[m]
unscottable[m]: Doesn’t matter, there will be ppl even in gov which need such tools
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unscottable[m]
xmr is used by "racists" didnt you know
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unscottable[m]
😆
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nikg83[m]
Yah it’s old now
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unscottable[m]
HITLER WOULDVE USED XMR, DONT USE IT. 😱
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unscottable[m]
itll continue to ramp up as well, as time passes.
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nikg83[m]
Ok, should I sell my 0.1xmr ?
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unscottable[m]
the IMF put out a video on cryptocurrency as well, targeting private cryptocurrencies
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unscottable[m]
nikg83[m]: no it means you should buy more
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nikg83[m]
unscottable[m]: 👍
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unscottable[m]
* "HITLER WOULDVE, * IT. 😱"
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unscottable[m]
just learned jstark1809 has passed away
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unscottable[m]
RIP, his work will never be forgotten
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unscottable[m]
☹