This daily general is for supporters of the cypherpunk ideology to hang out and help noobies learn about Monero, the most fungible cryptocurrency. A cypherpunk is any activist advocating widespread use of strong cryptography and privacy-enhancing technologies as a route to social and political change.
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.
how many years until i can put all my monero into something like renVM and have interest fees automatically deposited to a moble wallet once a month or some shit for maximum neet mode? i'm hoping less than 10.
Can someone explain to me exactly why they think Monero is gonna take off? How do I know it's not just another coin that'll maintain its current value or even drop in the long term?
Henry Clark
You have no idea how shit ghost is.. I'd give it a few more weeks before Josh runs out of money to pay the devs. Once that happens nobody is going to maintain the network and your shitcoin novelty token will be fully broken and worthless. You know its over when the core devs even call it out as a copy paste shitcoin. The ghost community has been so toxic and arrogant nobody will voluntary contribute to it's upkeep. XMR is the undisputed king of DNM
Owen Young
Not many people know this; all these eth based dexes aren't very decentralized ; if you want to set up a KNC liquidity pool for example the KNC team needs to approve you ; xmr people know the markets; also check out the KMD ecosystem dex if you want a real sex; it's named atomicdex and is in beta; atomic p2p swaps
Dominic Stewart
Josh? You mean John Fucking McAfee?? Dude won't run out of money and the team has been pushing updates in a timely fashion. I don't see any toxicity in the community. Sounds like you lost money buying into a peak.
Michael Cox
In the early days of Bitcoin, most of us thought it was a meme. This changed when it became the currency of choice on the silk road. Suddenly, Bitcoin had value because it was a way to purchase drugs on the internet. From there, people began to realize that it could become a currency that could be traded for anything, and that has gotten us to where we are today. The problem with Bitcoin -- and every cryptocurrency from this generation with the exception of Monero -- is privacy. To put it bluntly, Bitcoin's privacy is complete ass. Once a wallet owner is known, the individuals transactions are now open for the public to see. Governments have taken a while to adapt to Bitcoin, but now with a new technology known as "chain analysis", they are able to get KYC (know your customer) data from exchanges and track where cryptocurrency purchases are going. This has lead to people referring to Bitcoin as a "surveillance coin". Many supporters of Bitcoin have now switched to calling it a store of value, because they are aware of the issues of privacy. Even more important is that, because certain transactions can be illegal, Bitcoins linked to these transactions become "tainted". This is an issue because if somebody were to go to an exchange to swap Bitcoin for USD, the exchange can freeze the Bitcoins and ask where the Bitcoins had come from, especially if through the use of chain analysis, they were able to match the Bitcoins that were sent to the exchange to a dark net wallet. Bitcoin's privacy is really bad and makes it a terrible form of digital cash. And with economies becoming more and more digital, it will be a horrible type of currency when it faces dragnet surveillance. XMR solves all of this through it's privacy technology. I can go into more detail if you want, but let's just say that when using XMR, every transaction is completely anonymous. It's pretty much idiot proof, baked in privacy. And because of this, it is now growing in use on the Dark net.
XMR will be outlawed. That's how you know it works. Other privacy coins may or may not be outlawed, they might be allowed to remain legal because their privacy is a joke and law enforcement knows it.
You can't really ban xmr unless you ban all crypto; and that's never going to happen
Kevin Collins
But I don't care about privacy, I care about investing in something which will pay out down the line. I don't want to be incriminated just for owning it.
Ayden Wood
Monero's privacy is built around three components: ring signatures, ring ct, and stealth addresses. Ring signatures protect the sender. It masks your transaction with 10 fake transactions. A person looking at the blockchain will not know which of the 11 transactions is yours. Stealth addresses protect the recipient. An individual's public address (the address that you send monero to) has no link to their wallet like Bitcoin. So if I were to give you my public address, you can't input it into a block explorer and view the transactions I have made. This means that you have no way of knowing how much Monero somebody has unless they give you a view key. Ring CT protects both parties by masking the amount spent on each transaction. With these three things, an adversary observing a blockchain would have no way of knowing who sent Monero, how much Monero was sent, or who received Monero. And all of this is done on every transaction, which creates a large user set that we benefit from. >Also, do you buy into the idea that XMR will become illegal? Not particularly. Tax evasion will always exist, and people who do it will be investigated. Also, the majority of Monero transactions, especially in the long run, will be for normal goods. So I think tax reform for crypto is more likely as the governments want more tax revenue. And if the American government banned Monero, then Monero's price would skyrocket because it would prove it works.
Jackson Sullivan
>if somebody were to go to an exchange to swap XMR for USD, the exchange can freeze the XMR and ask where the XMR had come from Hmmm....
Austin Myers
>doesn't care about privacy >ngmi you don't deserve monero, user
Should rephrase, I care about my personal privacy, but i don't plan on doing anything illegitimate with monero so it doesn't effect me
Elijah Jones
Very interesting. Thank you for the info
Joseph Cooper
Less money trading to usd, selling pressure goes down, price goes up, demand increases
Charles Turner
>I care about my personal privacy then you should care about monero
Jonathan Anderson
Lol you know if you pay someone who does something sketchy and ur wallet is known and theirs isn't, you are going to have a lot of explaining to do. Also if you buy something using a utxo linked to a lot of money, you might be targeted. You are taking a lot for granted
Oliver Hill
>I care about my personal privacy, but i don't plan on doing anything illegitimate with [] so it doesn't effect me Your statement is self-contradictory
Dylan Russell
if an exchange were to do that for everyone using monero, then nobody would use that exchange. People would move to decentralized exchanges like bisq, or they will use atomic swaps (which should exist pretty soon). Also with bitcoin, the reason the accounts are being flagged is because chain analysis is picking up transactions that are linked to flagged wallets. This can't possibly happen with Monero. np user
Logan Myers
>buy real estate >now lol no
Jace Phillips
What actually can and will happen is all XMR you load into exchange will be cleared only if you provide KYC/AML data. Dont feed newbs false promises of XMR being liquid in the same way BTC is.
Jordan Lopez
Localmonero.co Straight to cash
Elijah Lewis
But I already do this? It doesn't matter if you provide KYC info because even if they can link you to purchasing Monero, they can't track what you do with Monero afterwards.
Juan Foster
They can't track anything beyond the first hop into an xmr wallet; also there's a lot of ways to enter or exit crypto anonymously; local.bitcoin.com is a great way to get crypto for cash
