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.
that was the clsag hardfork. Took some exchanges a little while to update their wallets. There was also a bug that had to get fixed. Other things to note for those curious: The surge in the summer of 2019 was because of minko.to. It's monero's plinko gambling game, and they were having a fundraiser for the Monero devleopers iirc. Also white house market, the Monero dark net marketplace, started in Fall of 2019, so the organic growth from it's inception really sticks out. Further, in August 2020 Empire Market (the largest dark net marketplace) exit scammed, and now White House is slowly taking over the marketshare.
If you're dumb enough to buy XRP then I don't want you holding Monero. Only people who want to suck central banker's dicks would think that Xrupee is a good investment.
>also what happened august/sept 2016 That was the Alpha Bay pump. Alpha Bay was a previous dark net marketplace that announced they were going to start using Monero, so Monero transactions as well as the price pumped because of speculation. However this was a really long time ago in the crypto world -- at the time, Monero didn't have bulletproofs so transaction sizes were much larger, transactions were not as private, the ux was really limited, and also it lacked the prestige it has today in the privacy sector -- so dark net adoption didn't really start taking off until the past year. It's understandable. There are so many crypto scams and Bitcoin is so liquid that people were hard to be convinced of how weak Bitcoin's privacy is, but as more arrests have happened because of simple chain analysis, the dark net has become much more educated. White House Market is far and away the most secure market I've seen on the dark net. They have mandatory PGP and they advocate using Monero. Other marketplaces are following suit, and I believe the longer WHM is in the top position, other marketplaces will switch to accepting Monero by virtue of the largest marketplace using it. >how many dark net markets currently use monero? It's hard to say, because a lot of people still send Monero to Bitcoin addresses using xmr.to, or they swap to Monero just to swap back to a clean Bitcoin wallet (thereby washing their transaction history). But from what I have read, the dark net drug economy is still ~80% Bitcoin, meaning we have a considerable amount of marketshare to take. The low hanging fruit though will continue to use Bitcoin for years. These idiots are using telegram channels to buy drugs and sending Bitcoin. You can't fix stupid. But once Monero gets more onramps you will see that marketshare grow because most normies don't want to spend 5 minutes learning how to acquire a cryptocurrency they never heard of.
Don't be blinded by ideology user. I love Monero and what it stands for, but I'm here to make a profit. XRP is a good investment because the bankers are behind it. You may not like it, but this is the world we live in which can be proven by looking at the chart.
Ryder Miller
Fuck off you called Monero a shitcoin. All you are doing is dickriding whatever pumps like a stinky pajeet instead of taking advantage of obvious accumulation phases.
Carter Howard
I call it a shitcoin because it keeps bleeding instead of making me rich. It's a term of endearment and I say that with affection. Stay poor faggot
Hunter Jenkins
bump
Ayden Stewart
monero usd literally went 3x this year, and this is without looking at how undervalued we are currently on the BTC ratio. Buying high is pajeet tier logic.
William Jackson
btw btc is about to crash 30% and those pump and dump shitcoins will fare the worst, while xmr will hold above 100-110. So if youre selling it would make more sense to sell for fiat not pnd meme tokens. And you must be poor as fuck if youre crying about xmr's price action.
