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.
Is XMR a good long term hold? I like to buy crypto and just forget about it.
William Barnes
yeah we have long term growth in userbase because of adoption on the dark net, which should be majority traded in Monero within the next 18 months. Most of us don't really care about price action because it's unpredictable/irrational.
So the only thing driving the price up is illegal activity?
Oliver Diaz
Andreas Antonopoulos says Bitcoin won't implement privacy like Monero, though he wishes Bitcoin was more private and privacy is worth fighting for. He says to watch for privacy putting exchanges at odds with regulators. youtube.com/watch?&v=6F-hJZHtn80
Anthony Hernandez
>illegal activity Well it's actual usecase user. It's how Bitcoin got started in the early 10s with the silk road blowing up (before that, Bitcoin was a meme). The possibilities for pure digital cash are pretty enormous, and Bitcoin has failed on that regard because it is not fungible. So with more dark net vendors switching to Monero, we will have more daily transactions, and more demand, and therefore a natural upward rise in price. But our price increase hasn't really happened yet. We've mostly floundered around at 0.007BTC.
Joshua Myers
Cheers. ROI may also increase with social unrest I imagine, more people buying things on illegal markets. I support the goal of it, really, but just a bit mixed of if it would ever provide me with a large return. I think I'll start and put a few hundred into it and DAC over the next couple years and see how it goes. Probably won't take any big position, but, that wasn't needed with bitcoin either.
Blake Thompson
>billion $ marketcap >cypherpunk
cringe.
buy LOKI if you wanna make money off spec privacy.
Joseph Jackson
yeah that's a nice rational take user. You might not make much money but there is always a demand for privacy and Monero is king in that regard.
Nolan Nguyen
Not just illegal markets, but alternative markets also. Anywhere which needs good privacy. ROI could increase if monero proves it can scale also.
Ayden Carter
A lot of people want to store wealth privately and not reveal their net worth if they buy a drink.
Moonboys are all impatient. Monero is probably going to hit $10,000 within the next ten years. Moonboys cant wait that long. They want the next x1000 in one week not ten years thats why every week you see the same group of brainlets jumping onto Uniswap p&d's and every week they kept getting burned.
Owen Allen
Cleaned up logo looks good Just browse biz and you will see that they have flavor of the month coins that are shilled for pump and dumps. Even doge coin is getting shilled. It’s all irrational and the goal of the ultimate cryptocurrency has become a side story. Nothing to worry about. Just gives us time to accumulate as we continue to reach the tail emission.
Ryan Foster
>tfw comfy
Elijah Martin
Not to shit up the thread, but what do we think of XSN. Personally I like the idea of it, I don't see why you are essentially forced into trading popular currencies on a central exchange with kyc. Defeats the purpose of crypto. If it ever worked, trading XMR over the dex could be nice.
However I think it's a pump and dump lmao.
Colton Gonzalez
>However I think it's a pump and dump lmao. That's my opinion
Does it have a token? If so, probably a scam. We already have bisq to use and atomic swaps are upcoming.
Jace Hill
A token that pays out portion of transaction fees? How would a dex function without token/ coin incentives?
Nathan Barnes
they could simply use an established cryptocurrency for payments and host on a decentralized network. Tor is run completely from donations. As is Bitcoin, Monero, Linux distros, etc. Bisq for example has a tiny portion of the funds go to the overall fund to pay people to be arbitrators and to settle disputes. It just sounds like everybody is only interested in "da moon" potential instead of the actual product. Hence, I think it's a scam.
Nicholas Robinson
>He says to watch for privacy putting exchanges at odds with regulators we're probably less than 5 years out from all centralized exchanges being on their deathbeds lol. who gives a FUCK what those kikes want. today, right now, the technology exists for you to swap literally everything (renBTC can just as easily be renXMR or whatever else you want don't deny it) on kyberswap, bisq, atomicdex, and a few other solutions that don't require any kind of kyc and are real trustless solutions. people love to shitpost about muh cashing out but it's a meme. cashing out wont happen soon. crypto is money. money that is infinitely more sound than fiat. people will realize this and i think the change over will happen very abruptly. exchanges will be btfo before they realize its even happened, same for fiat homos.
Jack Miller
could be a lot of trading done in wallet apps too via dex and smart contracts. Centralized exchanges would need to focus on tokenized securities
>Centralized exchanges would need to focus on scamming boomers and smoothbrains still in traditional finance as literally everything gets migrated over and traditional finance dies fixed
Anthony Walker
I agree that it gets migrated over. But centralized exchanges can partner with regulators to manage the use of security tokens, which represent a share in a company, since security tokens would have a changing supply and be only valuable as a representation of a share (no utility) for companies operating within a country. Without some kind of regulation or enforcement representation tokens are worthless and too many token variables can be changed.
Evan Nelson
bumperino.
Colton Lee
>Without some kind of regulation or enforcement representation tokens are worthless and too many token variables can be changed. if something can be self regulated and enforced at a protocol level it will be and its only a matter of time. you don't need to give some homo middlemen power that they can abuse.
