Can anybody explain why me why Monero is so high market cap compared to other anon coins.
Is it more centralized then others or ? Im looking more into anon coins now but i so many pages to read
iT'S THE OPPOSITE, iT'S completely DECENTRALIZED!
WOOPS SORRY BOUT THE CAPS LOCK.
No need to apologize. I absolve you.
Be careful in the future, OK?
I shall heed thy warnings sire.
Call me crazy but I believe this is an optimal time to go short on XMR. Showing some resistance upward, and major buy walls at around .0071 and .005 mean that price will fall to match the highest liquidity. As BTC surpasses $1k that hype will drown out XMR. Remember, buy the hype, sell the news. GUI is out, hype will die soon. Don't say I didn't warn you. It's a risk to go short, but far less of a risk than going long. What goes up must come down. Dark market transaction is overly exaggerated, XMR has nowhere near the adoption of a fraction of BTC, not even close.
Who cares?! Fuck your stupid trading talk and greed. It may or may not be a good time to sell now, but only if you are mainly involved in this project for speculative investments and your personal gains.
Which surprise, surprise many people are not.
I think what he means is that you posted this in the wrong thread.
And I agree.
Unfortunately, Monero is now facing a new imminent danger...trivially attackable by a single pool (and one whose admin has scammed the Monero community before, so don't think this would "never happen")...
Is Monero able to be attacked in the same manner as Bitcoin if one pool garners 51% of the mining power? Or are you talking about another type of attack?
I don't know any that aren't.
Tell me please, My Monero wallet (
https://mymonero.com) safe, stable? Normal use it to store XMR coins?
Thank you for answer.
NO web wallets are safe PERIOD. Only put what you can afford to lose in them, E.I. pocket change.
Unfortunately, Monero is now facing a new imminent danger. The strength of its network is now much less than it was just a few months ago. As shown by
https://monerohash.com/#network, the network is on the verge of being trivially attackable by a single pool (and one whose admin has scammed the Monero community before, so don't think this would "never happen").
This shows that the glut of new miners is only good if decentralization isn't endangered by it. The network hash rate is now at or near the highest it's ever been, and yet the network is more fragile. It is only a small consolation that those who are undermining it are the ones who are trying for short term profit from it, and thus will be those who will lose from it.
It's not quite too late, though. For those of you who may be mining on dwarfpool and who don't intend to undermine the Monero network, choose among the smaller pools on that link, and help secure the network whose longevity is ultimately where your profit comes from.
YES, This is extremely important, I mine infrequently (electric is sky high here) and always pick small pools. The payouts are the same over time. Dwarfpool is run by a scammer so don't say you weren't warned. And mining on your own is not impossible.
