/XMR/ Monero General

It's a bullish week for Monero: the price has soared and the daily transactions are nearing an all time high today yet again. What can be observed is that a mixture of a need for privacy from transparent crypto (see: recent Kucoin hacks), the Government conceding they can't track Monero, and a huge rise of adoption in Dark Net Markets is increasing demand and thereby putting a significant amount of upward pressure price. We are slowly cruising up, and our inflation nears less than 1 XMR per block...
If you have any questions, feel free to come in and a Monero user will help you out.

Attached: monerowaifu15.jpg (769x1285, 98.92K)

Other urls found in this thread:

monerologs.net/monero-research-lab/20201005
youtube.com/watch?v=5zIGGdNFH1k&t=55m20s
twitter.com/SFWRedditImages

potential breakout edition.
let's hope the monero dev team can continue without sarange and the other, without getting stomped by the gubbermint

can you elaborate a bit what happened and why?

no I cant you glownigger. you took a wrong turn and ended up on the wrong board. here's what you were looking for:

Buy Bitcoin. Use Monero.

Look up morphtoken.com and godex.io. Those provide ways to change BTC into XMR without KYC. I wish I would've known this a year ago.

Attached: MorphToken.png (309x230, 5.86K)

comfiest of holds.

Monero has funding proposals to help fund projects or research. Sarang has been doing funding proposals every quarter for a while and has created some unbelievable innovations for Monero, including the forthcoming CLSAG update and Bulletproofs. Due to burnout, he is no longer asking for funding every quarter, although he is still communicating on IRC and contributing to the project.
Brandon, the other guy, was sick earlier this year pretty bad and took a leave of absence, and now he is working at another job. In the past, he also has taken hiatuses.
But the good news is there are many researchers in Monero and the wider cryptosphere. For example, atomic swaps are being developed right now. This is a massive innovation and those researchers are working on it pretty hard.

"burnout". yeah he got burnt out and was told to take a permanent hiatus from this project.

To add onto this, atomic swaps were developed by a team of 5 researchers and Sarang/Brandon weren't among them.

Sarang is literally still helping out glowie, he's not on "permanent hiatus". The Monero IRC logs are literally public and you can read them at your discretion
>monerologs.net/monero-research-lab/20201005

>yeah i just saw post about them contributing via IRC (hell they can still do so anonymously)
although is anyone worried that the dev team will become a target of a wrench attack? especially if people are getting desperate to stop xmr

It is generally accepted that any form of "money", or currency if you prefer, should possess 7 qualities: fungibility, durability, portability, uniformity, limited supply, acceptance and divisibility.

>fungibility
Through it's privacy mechanics, no amount of Monero can be distinguished from any other. Monero is renown for it's fungibility and meets this criteria.
>durability
As a cryptocurrency, Monero is hard to evaluate in this criteria but it cannot simply be deleted or diluted at someone's pleasure.
>portability
The availability of things like crypto websites, crypto credit cards, paper wallets etc. are making Monero easier to use in the real world.
>uniformity
One moneroj = One moneroj always.
>limited in supply
Supply "cap" is around 18.3 million, followed by a base emission of 0.3 XMR per block to keep the network secured. Not 0.3 PERCENT, just 0.3. As time goes on the base emission will have a smaller and smaller impact on the coin's supply, and it will also replace moneroj that get lost or taken by the glowies.
>acceptability
Adoption is increasing, and as much as people fearmonger about privacy coins being banned there is no current indication that will happen.
>divisible
It's a cryptocurrency so you can split it up into however many bits.

This is why I like Monero. I wouldn't consider myself a privacy freak but XMR is one of the few crypto "currencies" that actually fulfills all the requirements for a currency.

Not particularly. Because Monero is decentralized and people contribute around the world it's more or less impossible to take down Monero's development. Plus anything that aggressive would create a streishand effect.
I am far more concerned about subversion of the community ethos once Monero rises in value and brings in dumb money. The Monero community is very united right now but this can change pretty quickly if some high rollers come in with influence and power. Hard forks can happen very easily right now but in the future this may be difficult. So far the community has been really great about onboarding noobies and discouraging moonboy shit. And also the technical side of the project deters dumb people. But it is the one thing that concerns me long term with Monero.

Attached: smugero.png (499x500, 58.34K)

yeah especially with what happened to bitcoin. it's ethos completely went the wrong way. hell in their github they were arguing over proper pronouns for trannies in their wallet logs. and SJW devs completely caved. so if developers can be swayed by globohomo trend of the day, what else are they vulnerable to?
that could very well happen anywhere else.

there were many monero forks that came out during the 2017 bull run by people trying to cash in. few if not all survived, and monero still reigns supreme in privacy coins

thanks for linking. I was looking for a way to see the irc logs. This would have helped counter that schizo yesterday. Sarang's posted in the irc as recently as yesterday.

>that schizo yesterday
lmao I inmediatly thought of him when I woke up today and it had pumped

He had good intentions but I think he was on a meth binge

I mean fudders always end up being the ones to contribute the most imo, since the counter arguments are what really brings value to the convo

I un-ironically went all in on LINK at 17 cents thanks to fudders and the anons responses (price was higher, I waited for the entry)

>I think the most important thing is privacy. Privacy over everything else. If we don't make Bitcoin more private and more fungible, it will not survive a concerted State-level attack that attempts to punish people for using it.

>You can't stop people from starting to use it and you can't confiscate their money, but you could confiscate their family and throw them into a dungeon. You could take possession of their bodies and throw them into a dungeon. If using this system has real life consequences to your physical safety then we have a problem.

>Anonymity is the only way we can make robust systems that allow individuals to assert their rights and their freedoms without being punished by an authoritarian system.

-Andreas Antonopoulous (October 10, 2020)
youtube.com/watch?v=5zIGGdNFH1k&t=55m20s

The problem was his aggressive tone and also his nonsensical circular arguments. Whatever, he got the monero general to it's first ever thread limit, which is based.
Lol. Bitcoin maxis are going to be in shambles over this.

>If you have any questions, feel free to come in and a Monero user will help you out.
How should I cope when I don't even have a 3 digit XMR stack?
And also will this shit reach $4k next bullrun?

$4k is delusional but we are goin someplace high up

I disagree. I'm not sure you remember the last bull run, but it was absolutely insane. The amount of money being poured into crypto and the enthusiasm was unbelievable. We are far removed from that. I believe long term that Monero will be the privacy hedge towards bitcoin, and a 0.1BTC ratio is very feasible. Adoption growth is going to be massive for Monero over the next few years. We are already seeing it. By this time next year we could realistically be seeing 35k transactions a day, and at that point we will be very close to tail emission. With that low inflation and that demand for Monero, we should keep naturally crawling up even if there isn't a cryptocurrency bull run happening (and imo the next real cryptocurrency bull run won't be until 2022).

>next real cryptocurrency bull run won't be until 2022
anons were saying 2021? so theres still a lot of time to accoomoolate? might withdraw from my stacks to work on a side hustle

There seems to be a considerable amount of evidence that Bitcoin having lengthening cycles. Because Bitcoin moves the market, the next market wide bull run won't happen until Bitcoin decides to really moon.
But there are a lot of variables, and it doesn't mean that other cryptos won't rise against Bitcoin in the meaning (wink wink Monero).

Is this the best way to exchange 300 UNI for Monero?

If you do not use a regular exchange, probably UNI to ETH on Uniswap, then ETH to XMR on Morphtoken?

I want the schizo to come back. He was fun.