Welcome to the Monero General, the meet up thread for the anti-pajeet cypherpunks who want the ideal form of cryptocurrency – one that is fungible, private, and decentralized. If you are new, feel free to stop by and ask questions and a Monero user will help you out. This week has been the most bullish of 2020. Our BTC ratio and price is at levels not seen since the tail end of the bull run, and our daily transactions totals are breaking all time highs. Adoption has grown significantly on the dark net and from people who are becoming tired of Bitcoin’s refusal to take privacy seriously. On October 17, Monero will implement CLSAG. This is a major scaling update that will reduce the typical transaction size by ~25% and improve verification performance by ~10%, thereby making Monero transactions lighter and faster. Monero has had several other improvements this past year from their researchers and developers, including the network layer privacy-enhancing tech Dandelion ++ and the anti-ASIC proof of work algorithm Random X.
Oh, and make sure to say hi to our newest Monero Waifu! She especially likes anons with unknown amounts of Monero ;).
Shit started another general 2 mins later Oh well might keep the pasta for the next one
Wtf yesterday it was around 7XMR right? Looking damn good
Alexander Thompson
yeah yesterday we had like 20 something people donate 37 xmr. And I woke up today to find out about the based monero whale.
Regarding the pasta, yeah this is something I was going to bring up to the xmr biz squad, but we should probably have a format for these generals. I usually just format the title as /XMR/ Monero General and then I either BS some sort of OP or I use a previous pasta. It would probably be a good idea to have some sort of agreed upon pasta. Yours looked pretty solid.
Is it possible to have a stable coin on Monero chain? Having private stable coin would be a game changer.
James Kelly
Oh boy that would really be something. A stable coin on Monero chain. Wow. Could such a thing be possible? It couldn't be I don't think. It's too good to be true. A stable coin. But on Monero chain. I can't stop thinking about it. Please tell me it's true. Private but also stable. Is it true?
Sebastian Rodriguez
stablecoins are a meme. Why would we want privacy pegged to fiat? Ruins the purpose of decentralized cryptocurrency to be honest and ruins any purpose of holding. Plus, people buy Monero to use it, so those people aren't susceptible to short term volatility like holders.
