Welcome to XMR Monero General, dedicated to daily discussion of the world's leading privacy-coin!
We are cypherpunks dedicated to the idea of financial privacy. TA and price discussion are welcome, moonboy antics are not.
Because Monero is secure, low-fee, and borderless, people can easily send money despite corrupt and broken governments or banks. This provides economic empowerment of individuals in oppressive countries or depressed economies.
Private financial history protects consumers and companies from price manipulation, supply chain exploitation, economic discrimination, or the like. Monero is the only cryptocurrency that has the features to serve as completely fungible, decentralized, electronic cash.
If you're new, feel free to ask any questions you like and a Monero Chad will be with you shortly.
The Monero use case most people are familiar with is buying drugs on the Darknet. Monero is used very successfully for that purpose and preferred by those engaging in illicit activity, but it has value to anyone who values financial privacy or wants to shield their transactions from interference by third parties. Men in hostile divorces, those facing asset seizure due to civil litigation or the tax-man, those in countries whose policies are leading to hyperinflation, and people who object to their tax dollars being spent unethically could all use Monero as a solution to their problems.
decrypt.co/31461/coinbase-wants-to-identify-bitcoin-users-for-dea-irs >"According to public records, the Drug Enforcement Administration and the Internal Revenue Service are planning to buy licenses from Coinbase for a cloud-based software called Coinbase Analytics. According to the prospective DEA contract, Coinbase's software will provide "identity attribution" for crypto addresses both domestically and internationally." blog.chainalysis.com/reports/introducing-chainalysis-investigation-compliance-support-dash-zcash >"Dash and Zcash allow users to conduct transactions with greater privacy, but that doesn’t mean they provide total anonymity. The two cryptocurrencies’ privacy features — both in how they’re built as well as how they’re used in the real world — leave room for investigators and compliance professionals to investigate suspicious or illicit activity and maintain compliance. With Chainalysis product’s support, cryptocurrency businesses are now able to incorporate Dash and Zcash into their compliance programmes."
asia.nikkei.com/Spotlight/Comment/China-takes-battle-for-cryptocurrency-hegemony-to-new-stage >At a meeting of the Chinese People's Political Consultative Conference, a political advisory body, at the Great Hall of the People in Beijing from May 21, 10 members proposed a plan to create a digital currency consisting of the Chinese yuan, Japanese yen, South Korean won and Hong Kong dollar. finance.yahoo.com/news/digital-dollar-real-financial-inclusion-192508257.html >On Thursday the House Financial Services Committee (FSC) Task Force on Financial Technology convened on Capitol Hill to discuss the possible role of a digital dollar in distributing COVID-19 relief payments. The watchdogs discussed FedAccounts, or cryptographic wallets held by the Federal Reserve, for commercial banking services. The National Science Foundation, an independent branch of the federal government, has given blockchain startup KRNC $225,000 to design cryptocurrency features for the U.S. dollar.
Monero is the only legitimate crypto used as currency outside of Bitcoin.
Grayson Morgan
Is monero only private if you use a VPN?
Ryder Richardson
By some people, sure. But so is every cryptocurrency.
Monero has been around since April, 2014. It's entirely open source, it has a core team of 30 developers and over 500 people have contributed code to the project. It has one of the most dedicated communities in crypto, and is utilized more widely for transactions on the DNM than any coin but BTC. By my standards, that places it far above the flash-in-the-pan projects that I would label as shitcoins.
No! Monero has privacy built into its mechanics- it's the root priority of the dev team. However, as a privacy focused community, we highly recommend that you do everything you can- including using a vpn -to ensure your privacy.
Why do you specifically post this troll in monero threads instead of the dozens of shitcoin threads on the front page. Why are you not posting it in uniswap scam threads or ghost threads? Why target monero, arguably the only crypto community on here that stresses not being a moonboy? Gee I wonder why.
Colton Torres
Bro what are you up to . You only troll Monero We’re not moon boys
Muh utility Muh privacy Obviously a whale lowering prices
bitinfocharts.com/comparison/monero-transactions.html If this is a scam, why is it showing long term growth through rising txs? Let me guess, instead of answering you’ll just post some onions spam to try to fud this thread.
Oooh boy, it's my favorite faggot, Elmer FUD. How's being friendless been treating you, Elmer? Care to have a conversation today, or will you just continue with the strawmanning?
Elijah Collins
For the filthy speculators among us, what's the upside potential on this in 2020? In comparison to the other blue chips.
The upside is that we are in the accumulation phase. So despite Monero having a growing market share on the dark net — and frankly being about 18 months away from being the coin of choice on there — Monero is still valued at 0.007 BTC. We think the long term growth will eventually lead us to other use cases, of which there are dozens when it comes to digital cash. This is a long term hold or a crypto to use. It’s not a pump and dump.
Dominic Wood
Big facts! The dev team specifically discourages the kind of holder mentality fairly critiqued here: Most monero enthusiasts (myself included) think that the value will eventually increase drastically, and so have some savings in XMR. But most members of the community try to use XMR whenever they can, to promote that their business associates do the same. It's how I've been paying for my haircuts lately! That attitude (coupled with darknet use, of course) is why Monero tx is steadily growing in the midst of this bear/crab market.
