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Topic: what is your opinion on Monero? (Read 451 times)

member
Activity: 84
Merit: 10
August 13, 2021, 04:27:33 PM
#52
To say the fact Monero might be an excellent investment if you're interested in cryptocurrencies. The currency's value is increasing by more than 137 percent. It also doesn't cost much to get started because no specific hardware is required. You may mine Monero using your own computer's CPU, and it works with all operating systems. Also Monero is an open-source, privacy-oriented cryptocurrency.
full member
Activity: 1088
Merit: 102
August 13, 2021, 04:03:35 PM
#51
Of course people's choices are different, some prefer bitcoin and some like monero, so what makes other people prefer monero is because of the advantages that monero has, namely being able to maintain confidentiality, monero itself has also gained popularity, Monero also has various features that maintain the privacy of origin, recipient and payment amount.
Cryptocurrency coins do have their respective advantages, if Monero is able to create original privacy for recipients and the amount of payments that can be kept secret, then Bitcoin can provide transparency in that regard so that many people believe more in a transparent direction.
full member
Activity: 1498
Merit: 146
August 13, 2021, 03:17:06 PM
#50
People I've spoken to about Monero they are mostly either very for monero or against never anyone in between.

I personally prefer this over bitcoin as it seems like from what I've read Monero is what bitcoin was supposed to be.

what do you think?
Bitcoin is not created to give completely privacy while doing transactions, it gives better convenience and easier for everyone to make transactions. Why monero is not liked by everyone is because its complete privacy since governments are against it and many exchanges delisted XMR as well.
legendary
Activity: 2212
Merit: 1008
August 13, 2021, 03:01:43 PM
#46
The government goes against everything that takes away power from them. For example, it is very noticeable in China where the government restricts mining and close different exchanges like Binance, so it is quite possible that Monero will be delisted from exchanges, so people will not be able to use it easily, on the other hand authorities can’t stop smart-contract, so people who really need anonymity will find ways to use it. To support this, have you heard that the founder of Monero has been arrested recently? Authorities can’t put up with this private currency!
member
Activity: 148
Merit: 13
August 07, 2021, 03:55:24 PM
#45
Monero can be tracked, I use 0xMonero. They are releasing a casino next week called mixercasino dot com. It includes coin mixing and a token bridge.

you still spreading the same fud huh
jr. member
Activity: 840
Merit: 6
August 07, 2021, 12:47:11 PM
#44
Monero can be tracked, I use 0xMonero. They are releasing a casino next week called mixercasino dot com. It includes coin mixing and a token bridge.
sr. member
Activity: 910
Merit: 253
August 07, 2021, 12:01:35 PM
#43
Everybody knows that Monero is claimed to be the only anonymous coin, but even it can't guarantee complete privacy. For example, if there was not enough time (less than 20 minutes) between your transactions of buying and selling, your wallet can be revealed.

Personally I don't use Monero, because now I don't really need a lot of privacy, I don't need to hide or launder my money.

Sure, you can apply all kinds of different statistical parameters to detect connections between wallets. Output sizes and so on, but as you say timing is very relevant, but that also applies to mixers for Ethereum or Bitcoin. That is why mixing service providers usually recommend to wait even up to 24 hours if possible. I guess that is where many users think that they can go for shortcuts and 3 hours are also fine, but it is in fact not. You really need to be a patient individual to ensure that you've put the most effort possible into keeping your actions on the blockchain private.
member
Activity: 574
Merit: 10
Gistcoin
August 07, 2021, 11:52:51 AM
#42
Monero is a digital currency that can be used to send or receive payments. Also, like Bitcoin, Monero is built on blockchain technology. But unlike Bitcoin, Monero uses the CryptoNote algorithm - this is what makes it so unique.
In Monero transactions, the identity of the sender and receiver is 100% confidential. In addition, Monero transactions cannot be linked to each other and cannot be traced to the origin of the transaction.
newbie
Activity: 23
Merit: 1
August 07, 2021, 10:36:44 AM
#41
Monero is a digital currency that offers a high level of anonymity for users and their transactions. Like Bitcoin, Monero is a decentralized peer-to-peer cryptocurrency, but unlike Bitcoin, Monero is characterized as a more anonymous or privacy-oriented digital cash.
Monero is considered more of a privacy token and allows cyber criminals greater freedom from some of the tracking tools and mechanisms that the bitcoin blockchain offers.
legendary
Activity: 2212
Merit: 1008
August 07, 2021, 08:50:43 AM
#40
Everybody knows that Monero is claimed to be the only anonymous coin, but even it can't guarantee complete privacy. For example, if there was not enough time (less than 20 minutes) between your transactions of buying and selling, your wallet can be revealed.

Personally I don't use Monero, because now I don't really need a lot of privacy, I don't need to hide or launder my money.
sr. member
Activity: 910
Merit: 253
July 30, 2021, 11:58:19 PM
#39
People I've spoken to about Monero they are mostly either very for monero or against never anyone in between.

I personally prefer this over bitcoin as it seems like from what I've read Monero is what bitcoin was supposed to be.

what do you think?

In the order of coin listings, Monero is now 27th on Coinmarketcap's list. It must be good in my opinion because it is in the top 30. The price is also still affordable than the price of Bitcoin. If you prefer Monero coins, I think that's great, but in my opinion, Monero coins are still not a lot of fans.

According to your logic, is XRP good? If so, why? What does XRP contribute to decentralization in general? Because that is what cryptocurrencies are about right?

Monero as a coin that is aiming at providing strong privacy could run into problems legally. If governments don't want fully private transactions to be available to anyone, the first thing they could do is to prohibit registered and licensed exchanges from listing the coin. There will still be ways to trade it of course, but it will make things a lot harder.

Generally, I like Monero a lot because as long as it is not possible to trace it, and it seems for now that is still the case, it does indeed work like magic money. You send it, it disappears on your end, leaves no trail and shows up on the other end.
sr. member
Activity: 1876
Merit: 318
July 30, 2021, 11:08:57 PM
#38
People I've spoken to about Monero they are mostly either very for monero or against never anyone in between.

I personally prefer this over bitcoin as it seems like from what I've read Monero is what bitcoin was supposed to be.

what do you think?
Monero is a good coin. I don't agree if someone says it's not good. Each coin will definitely be better known if it is entered in a well-known exchange.
However, I myself am not interested in comparing a coin to Bitcoin.

Those who say Monero isn't a good coin mean they didn't do their research properly. Because if we do the research properly, we will definitely admit
that Monero is one of the coins worth buying. Monero has been launched since 2014 and is still holding up, meaning that Monero has a fairly high demand.
It is true that Monero is different from Bitcoin, because the Monero function provides privacy and security that allows hiding the identity of crypto users.
This is what Bitcoin cannot provide, because Bitcoin is easy to track. But it is not wise to compare Bitcoin with Monero, because they both have
different purposes in my opinion.
full member
Activity: 691
Merit: 100
July 30, 2021, 10:54:29 PM
#37
People I've spoken to about Monero they are mostly either very for monero or against never anyone in between.

I personally prefer this over bitcoin as it seems like from what I've read Monero is what bitcoin was supposed to be.

what do you think?
Monero is a good coin. I don't agree if someone says it's not good. Each coin will definitely be better known if it is entered in a well-known exchange.
However, I myself am not interested in comparing a coin to Bitcoin.
hero member
Activity: 1540
Merit: 772
July 30, 2021, 10:47:57 PM
#36
People I've spoken to about Monero they are mostly either very for monero or against never anyone in between.

I personally prefer this over bitcoin as it seems like from what I've read Monero is what bitcoin was supposed to be.

what do you think?

In the order of coin listings, Monero is now 27th on Coinmarketcap's list. It must be good in my opinion because it is in the top 30. The price is also still affordable than the price of Bitcoin. If you prefer Monero coins, I think that's great, but in my opinion, Monero coins are still not a lot of fans.

It uses to be higher in the old days but it's not going to be worth using for anyone who will buy right now from exchanges because you are already known. Let's say you buy XMR on Binance today, whats is the point of doing it when you are already identified by Binance. Your data is already there. The goal is to be anonymous but if you have some sort of email or identity connected to a wallet, there is no point.

If there is a way for you to buy XMR outside an exchange maybe on DEX, the better.

Excellent explanation. If that's what you say, it's better to just buy coins that are not in the top 30 or 100 down. Because they are not well known on well-known exchanges like Binance or other exchanges.
The problem is whether the Monero coin is good and the result of their discussion does not say that Monero is not good.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
July 30, 2021, 10:26:00 PM
#35
People I've spoken to about Monero they are mostly either very for monero or against never anyone in between.

I personally prefer this over bitcoin as it seems like from what I've read Monero is what bitcoin was supposed to be.

what do you think?

In the order of coin listings, Monero is now 27th on Coinmarketcap's list. It must be good in my opinion because it is in the top 30. The price is also still affordable than the price of Bitcoin. If you prefer Monero coins, I think that's great, but in my opinion, Monero coins are still not a lot of fans.

It uses to be higher in the old days but it's not going to be worth using for anyone who will buy right now from exchanges because you are already known. Let's say you buy XMR on Binance today, whats is the point of doing it when you are already identified by Binance. Your data is already there. The goal is to be anonymous but if you have some sort of email or identity connected to a wallet, there is no point.

If there is a way for you to buy XMR outside an exchange maybe on DEX, the better.
hero member
Activity: 1540
Merit: 772
July 30, 2021, 10:14:30 PM
#34
People I've spoken to about Monero they are mostly either very for monero or against never anyone in between.

I personally prefer this over bitcoin as it seems like from what I've read Monero is what bitcoin was supposed to be.

what do you think?

In the order of coin listings, Monero is now 27th on Coinmarketcap's list. It must be good in my opinion because it is in the top 30. The price is also still affordable than the price of Bitcoin. If you prefer Monero coins, I think that's great, but in my opinion, Monero coins are still not a lot of fans.
hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
July 30, 2021, 04:00:42 PM
#33
I personally prefer this over bitcoin as it seems like from what I've read Monero is what bitcoin was supposed to be.
what do you think?
If you read the BTCitcoin whitepaper where does it say that BTCitcoin will be a truly anonymous coin and i cannot understand what is the benchmark you made to come to this conclusion. Satoshi created blockchain to record each and every transaction made using the network and you think it will be anonymous and if so you are so stupid to understand what he was trying to implement, no transaction that is truly anonymous will survive because the authorities will take them down and it is a fact and you will know about these anonymous market in a few years time.
newbie
Activity: 23
Merit: 1
July 30, 2021, 03:13:33 PM
#32
In my opinion Monero is the best privacy coin in crypto because Monero has a feature called the ring signature, which obfuscates the sources of funds so that they are virtually untraceable to the parties involved in the transfer. The ring signature ensures that every Monero transaction between two parties is grouped with other multiple transactions that occur among other unrelated parties.
This means that the recipient’s funds are mixed in with other Monero users’ transactions, and moved randomly across the list of transactions, making it exponentially difficult to be traced back to the source or recipient.
member
Activity: 178
Merit: 10
June 02, 2021, 06:34:32 AM
#31
If your looking for the least amount of friction, start with Litecoin.

It's not because the other tokens are bad, but if you want to invest in MONERO, Zcash or XRP, you can't invest directly into it with USD. so because you already have to purchase another cryptocurrency before buying Monero ,Zcash or Ripple, anyway, you might as well start with Litecoin.
legendary
Activity: 2436
Merit: 1189
Need Campaign Manager?PM on telegram @sujonali1819
April 27, 2021, 11:52:04 AM
#30
People I've spoken to about Monero they are mostly either very for monero or against never anyone in between.

I personally prefer this over bitcoin as it seems like from what I've read Monero is what bitcoin was supposed to be.

what do you think?
It's a privacy coin like DASH, ZEC etc. Few months back DASH, MONERO, ZEC and other some coins passed bad time due to some exchanges among the bittrex delisted those coins due to their exchange terms and regulation. From that time it has bear markets. Now it slowly turns into bullish and monero is now trading around 400$. It's really very good and I think still have a chance to go to moon for these privacy coins.
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