Sup Monero senpai, feeling comfy? This daily general is for supporters of the cypherpunk ideology to hang out and help noobies learn about Monero, the most fungible cryptocurrency. We believe that Monero is the logical continuation of Bitcoin because it offers superior privacy, leading the way to many potential use cases. Discussion points include rising Dark Net adoption, news articles about Monero, daily transaction totals, and new technology updates to the Monero project. Moonboy posting is discouraged, however price speculation and TA is fine.
>a whole general for a billion dollar cap coin that mooned ahh I remember when I was new and naive
Oliver Myers
News: Transactions Per Day - See pic related. After last week's pull back, we have recovered nicely this week and have held in the 12.5 thousands/day range. Current transaction totals seems like we should hold that amount through today as well. XMR Added to largest Iranian exchange - pro.exir.io/trade/xmr-irt Dr. Sarang Funding request -- ccs.getmonero.org/proposals/sarang-2020-q3.html Most of us don't care about the price in the short term. We use Monero because of its privacy features, and we think there is usecase potential in the future as currencies continue to go digital. Monero is on track to take over the dark net, and the rising transactions over the past year is parallel to the current second largest dark net market place (whm) that is monero only.
>Most of us don't care about the price in the short term.
This, I use Monero as a proxy Bank account. I've visited Venezeula many times and seen Hyperinflation first hand. I'm not concerned with the price and I'm not a Moonboy. I use Monero as a hedge against the USD/GBP.
Ethan Thompson
what's the electrum wallet of monero?
James Powell
mymonero and cakewallet are popular.
Julian Roberts
can you repost this again but to a brainlet
Luis Robinson
off by one mymonero is good
Owen Young
Monero is literally freedom From govt taking your assets From govt degrading your assets through inflation From work if you buy enough and hold I love this shit
Leo Wright
And now you're old and still naive.
Maybe you're right, the coin mooned and it's not going to grow beyond its current role as the currency of choice for illegal commerce. But it's my belief that it also has the lowest downside risk of any coin in the entire market. Even if the wild ideas and decentralized utopias promised by so many blockchain projects all go up in smoke, even if Satoshi Nakamoto himself returns from exile with the message: "blockchain was a mistake", even if bloodthirsty permabears roll up raping and pillaging today's biggest projects and any other shitcoins that dare cross their path: even in that world, Monero keeps chugging along. Why? People need it. It actually solves a real problem that people have *right now*, and it does it best. Darknet market operators and big vendors are risking their free lives by operating, and they choose Monero. Even if all of crypto appears in danger from a horrible new bear market, they're not going to sell it off, stop using it, and move their money into some other asset. Because they aren't speculating on Monero with spare shekels in the first place, they're betting on it with their lives.
And that's just considering risk, what about potential? You could easily be wrong about Monero having already mooned. It's quite possible that Bitcoin true believers will one day figure out that all the beautiful potential they see in their coin, the promise of secure, decentralized, censorship-resistant money, is fully realized only in Monero. and that their leadership is far too crippled by politics and selfish interests to address Bitcoin's problems. Should that ever happen, you'll have to reevaluate what "mooned" looks like.
(I guess this is more of a pep talk for my Monero bros, since I doubt the low-effort shill I'm replying to will bother reading.)
Robert Scott
You're retarded if you don't think XMR is a true top 5 coin. XMR continues to be the best ASIC resistant, TRUE privacy coin.
Justin Torres
Why hasn't LOKI been added to the pasta yet I don't get it
"I think that the only effective defense against the coming surveillance dystopia is one where you take steps yourself to safeguard your privacy, because there's no incentive for self-restraint by the people that have the capacity to intercept everything. A historical analogy could be how people learned that they should wash their hands. That required the germ theory of disease to be established and then popularized, and for paranoia to be instilled about the spread of disease via invisible stuff on your hands that you can't see, just as you can't see mass interception. Once there was enough understanding, soap manufacturers produced products that people consumed to relieve their fear. It's necessary to instill fear in people so they understand the problem before they will create enough demand to solve the problem."
I have a 3600X with fast RAM and a Vega 56/64 GPU. Is it correct that I should only mine on the CPU?
Cameron Sanchez
Check out whattomine dot com and see if they still offer a comparison for specific gpus. You could always try both and see which generates a higher rate.
Luke Morris
I looked for hashrates for my hardware and it tells me my CPU is 4 times better than my GPU while consuming 2-3 times less power. Talking about RandomX
Isaiah Brown
"Creating an electronic currency is a big deal precisely because control over the medium of exchange is one of the three ingredients of a state." "If you take away the state's monopoly over the means of economic interaction, then you take away one of the three principal ingredients of a state. In the model of the state as a mafia, where the state is a protection racket, the state shakes people down for money in every possible way. Controlling currency flows is important for revenue-raising by the state, but it is also important for simply controlling what people do- incentivizing one thing, disincentivizing another thing, completely banning a certain activity, or an organization, or interactions between organizations." "Government regulation has made particular financial players kings and doesn't allow other market entrants. Economic freedom has been impinged by an elite group that is able to influence both regulation and the principles involved in these banks."
If the feds really wanted to, couldn't they just pay a security firm several millions of dollars to find an exploit that would allow them to see the blockchain?
Michael Jones
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.
State sponsored digital currency and total financial surveillance. Coming soon to your country.
Not for XMR. The privacy features are built into the protocol. To "see" the blockchain would mean you'd have to take every txn ever completed on the XMR chain and run it through a new protocol. This is assuming you can ID every txn prior to the analysis.
It cannot be done. By design.
Asher Reed
They have done this user. Chain analysis companies have said time and time again that they can not trace Monero.
Dominic Green
That's what happens when your dev team prioritizes the product over the marketing. They leave it to the community to spread the word, and here we are.
I've been shilling it since 2017. Not a huge holder of an unknown amount by any measure, but transparent distributed ledgers are coming to governments and financial firms MUCH sooner than any of your politicians or C-level suites realize. By that time it'll be too late for people who missed the boat.
