Topic: [XMR] Monero Speculation - page 114. (Read 3314350 times)

In the old days XMR always used to be last to pump, presumably because that's the final cash out.

Good stuff in this old thread.

So... Monero chugs along holding it value mostly while Zcash rockets up in spite of (or because of?) recent announcements to continue to enrich it's "founder" or "devs".

Speculation as to what drives this?

There is no doubt the tech behind Zcash is interesting, though flawed fundamentally. 

It is obviously a fav of Brian Armstrong, the Winklevii and VCs.  I just wonder when this madness ends and they stop chasing after scams and the tour de force that Monero is takes it's rightful place.

Agreed.  There's a bottle around somewhere, I will check.  Meanwhile, let me muse a little.

Use cases?  I actually think privacy in one's financial affairs is vital.  

Of course privacy is a way bigger issue than just with your finances.  Facial recognition, internet histories... big data acquiring more and more of your personal information when it's probably far too much already.  People are starting to think about things they put up online in the past - and pictures on social media are already being saved, or scraped en masse just to refine facial recognition software and make it better (it is still very fallible, but will of course improve).

Soon it is plausible you may have been seen near a murder scene, when the police are under pressure to arrest someone, and then you become a suspect in a case where there is no other suspect - in spite of your total innocence.  Yes, it's likely you can prove it wasn't you, but who wants to be an accidental murder suspect?  And let's face it, proof that you didn't do something can be quite tough.

Financially dots are being joined on a huge scale, too.  Coinbase has tech that can track your coins after you withdraw them, just to see where they go.  Guilt by accidental association is a risk. 'Drugs', 'terrorism' and other heinous categories of crime are things that don't sound good in court if you have an association with them through your financial movements, even if these movements are actually innocent.

OK, I guess we're more likely to be hounded for tax, than arrested for murder.  

However, it comes down to this: Privacy is an intrinsic part of freedom. You may think of privacy as something that should be a right.  Your state will probably not agree in more cases than you can think of.  This is a time where our freedoms are being encroached upon more than ever, and many states are increasingly beefing up the powers they have to protect what they see as their interests.

I recently got asked at a Christmas drinks party about Bitcoin by one of my neighbors. I had mentioned it once before a couple of parties back, and he remembered and brought it up.  'So, explain to me what Bitcoin is'.  I answered in simple terms, explaining it was designed as a way to transact directly and transfer value to anyone, anywhere without needing a third party.

He said 'OK, but why do I need this when I can easily do that with my bank, my visa card..?'  I said, 'You can, yes - as long as they let you. Do you trust these organisations to never change the rules, freeze your money though - or even your government to intervene in some way?'.

Then another man chipped in, someone I didn't expect to.  He is a very smart professor - pretty conservative as a rule.  However, he joined in, saying 'I remember the UK in the 1970's. We had a currency in trouble and the government introduced capital controls, meaning the most we were allowed to take of the country if we travelled abroad was £50'

The prof. then pointed out that in Venezuela the government recently nationalised all pensions, basically stealing all the money and replacing it with a new, worthless currency.  

My neighbor went quiet, it was enough to get him thinking.

So how does this all relate to Monero?  In essence we all want freedom, but you need privacy to ensure it.


TLDR:
If you hold Bitcoin, you have financial sovereignty; a good chance of protecting your wealth from unforeseen adverse circumstances.

BUT
With Monero you have privacy, too.  So you have the same financial sovereignty to offer you protection, but no one will know about it.

THESE 15 MINUTES ARE CRUCIAL


Honestly guys just look at the coinmarketcap top 20 and think of all the actual use cases for each of them.  We're going to be fiiiine.  Open up yourself a bottle of Barolo, kick back and relax.

I guess the XMR - BTC ratio. There were many bullish charts in last days. hopefully thy will be fruitful. 

Blast off in the ratio?

Yup, that's what I thought too.  It's a risk but transparent ledgers are a risk too.  A different kind but still a risk nevertheless.

A blast-off in the ratio is days away.

Same thing as 2 years ago:

• premined so wrong incentives
• it has a rich list: https://explorer.deeponion.org/richlist optional privacy doesn't work
• There's no development activity whatsoever, last commit with some actual content is +2 years ago: https://github.com/deeponion/deeponion

TL;DR: it's was a moneygrab/scam

What would these guys tell about DeepOnion $ONION? which is another privacy-oriented cryptocurrency.

Especially since that meta he heard about was sent without multiple rings (intentionally) in the first place and that hole has been closed with mandatory amounts.

If you are worried about JS, you're totally able to use our API without having any JS problems!

API details: https://github.com/FreeBitcoins-com/docs

He just throw every thing he heard in one basket.  Monero was always secure. You cant have a crypto currency without it being secure.  But to preserve anonymity when you use Monero you always need to be careful. 5 years ago much more then today.  People like him read that Monero was not secure because they heard of of some metadata were able to link transactions in Monero and then think you cant use Monero securely. Sad really.

Non Java Script frontend?

FreeBitcoins.com has relisted XMR on our next exchange "XChange".

We have no KYC or anything funny like that and we don't fake volume.  Deposits credit properly + withdraws are near-instant.

https://freebitcoins.com/xchange/market/BTC_XMR

It's true that Substandard "privacy *cough" coins get listed and mentioned in mainstream media and that is because they are no threat to TPTB which of course is the entire reason for this space. Cypherpunks are becoming extinct and even the majority here doesn't even understand what that means to their liberties.

^ source?

The whole concept of an open source public blockchain is that it is constantly exposed to the open. Everybody can read how it works and try and attack it. If the attack is survived, the project gets stronger because of it. Monero is still around after many years of constantly being attacked. This is a sign of strength, not weakness.

Monero has actually been exposed to vulnerabilities for quite some time, which is why large exchanges don't want to list it. I know that this is one of the special features of Monero but with the number of hackers increasing and intelligent today, I think seeing XMR grow strongly again is impossible. Investors now just want to invest in bitcoin or a few top coins in the top 5, it seems that this is much disadvantage for XMR. Do you have any opinion on the upcoming market?

Well, the main competitor gets all the spotlight, although it's a weaker coin (old story, I know). I guess that they care more about advertising than us.
I think that this is one of the reasons Monero remains somehow behind - as awareness, as acceptance and as price too.

https://blog.chainalysis.com/reports/cryptocurrency-exchange-hacks-2019