Welcome to XMR General, dedicated to the discussion of the world's leading privacy-coin! Because Monero is secure, low-fee, and borderless, people can easily send money despite corrupt and broken governments or banks. This provides economic empowerment of individuals in oppressive countries or depressed economies. Private financial history protects consumers and companies from price manipulation, supply chain exploitation, economic discrimination, or the like. Monero is the only cryptocurrency that has the features to serve as completely fungible, decentralized, electronic cash. If you're new, feel free to ask any questions you like and a Monero Chad will be with you shortly.
Zcash has optional privacy which renders it useless. 99% of Zcash's transactions are non shielded, so their user sets (i.e. the set of transactions that you can't tell apart from one another) are shit. Zcash also has a developer tax, which is ass. And lastly, Zcash has trusted setups. Trusted setups are bad because if the develop of the coin is an adversary, then you can't trust the code. (Zcash was created in Isreal...). Monero has privacy built in the base layer, so every single transaction is private. Monero has far more transactions than zcash. Monero has no dev tax, as it is a grass roots project (like Bitcoin). Monero is private be default so there is no harm in holding any Monero with the fear of weak user sets like with Zcash. Monero's code is all open source. In short, there is a reason that the dark net marketplaces are moving to Monero rather than Zcash.
Chase Sanders
interesting, thanks mate. What language is Monero written in? I'm guessing probably C++?
Jason Mitchell
we will have atomic swaps anyway. i wish we had atomic gender swaps too.
yeah that is correct Yes. For the lurkers out there reading this thread: atomic swaps are a big deal because individuals who hold a transparent crypto chain can, in the future, p2p transact their cryptocurrency for Monero. Because Monero is fungible, the individual who is transitioning their cryptocurrency with a transparent history can "wash" their holdings.
John Price
Additionally, it could feasibly replace centralized exchanges as a medium to swap btc and xmr
Thomas Walker
XMR is unironically the only good privacy coin. Black markets are and have adopted it. More and more money will flow in. This is as good as secret transactions get. But I’m fine if it stays under the radar for awhile.
Andrew Martinez
The darknet is a bellweather. Normies don't realize this. yeah we will need atomic swap exchanges to form after the protocol is developed but because the demand is there it shouldn't take long.
Zachary Jackson
why would we tell you that? Now's a great entry price
William Morales
i think samoruai wallet expresses their interest in developing an exchange in parallel while the atomic swaps are being implemented
Chase Phillips
Is it dumb to want to spend my money on CPUs to mine instead of just buying and holding? Monero is the only crypto project I’ve genuinely wanted to contribute to and have faith in. I have free electricity with my current rent.
Bentley Walker
the makers of samorai wallet are bullish on xmr. Not really. If you know what you are doing and you have free electricity then mining is a good option.
Ethan Carter
Do it for the ideological fulfillment and not with an expectation of any substantial profit
Isaac Cook
>XMR is unironically the only good privacy coin. This. It has inherited the original Bitcoin spirit even though it didn't grew up in the same family. Picture related.
Do it. What CPU do you have? If it's meh, maybe buy-in in addition to mining because mining might be too slow in converting electricity. At least it also heats your house.
This is a huge fucking deal. I don't hold XMR atm, but when push comes to shove, I know enough about how ledgers work to know that Monero will be the ultimate safe haven in the future. It's my favorite coin because it's the only real "cryptocurrency" currently in existence.
Josiah Taylor
maybe add a little hashrate but abusing your landlords electricity bills is going to burn a hole through his pocketbook and that free electricity is going to end right quick. (unless he himself is raping the power companies, then go nuts).
Gabriel Rodriguez
>It has inherited the original Bitcoin spirit Agreed, but newbies wouldnt understand. I can always tell how new someone is to the space by what their opinion of xmr is.
Tomochain is a better privacy play, and a better blockchain, at 5% of the marketcap.
XMR fags getting de-listed left and right. Enjoy those bags when there's noone to buy them at -90%.
Blake Jones
You must be new
Caleb Hill
damn son
this nigga published his thesis then busted yo ass in 2min02sec kek
Carter Green
Imagine buying this shitcoin instead of The Standard XRP? I don't get it.
Hunter Gutierrez
Yes, buy the coin that the federal reserve shills and is a centralized token that can be expanded and contracted on a whim, zero privacy, and requires suckers to pay just to have an open account.
1What do you think about DYMMAX (dymmax.com)? Does anyone try it?
Digged up their staking system, looks promising, up-to-date solutions and instruments without collateral. They collaborate with China, USA and provide new instruments for investors and crypto enthusiasts
