XMR

ebaley

I don't care who co-wrote it. If your Lightning node is private your txs will be. >what do you compare Bitcoin to?! The dollar or gold. No altcoin has outperformed it long term. ETH-BTC is down 54%. >To determine if BTC vs XMR is a great SoV XMR has to outperform Bitcoin first. And not just for a short period. >So you are allowed to use a random timeframe of 5 years, but if I use a 6, 7 or 8 year timeframe this is suddenly flawed? Ridiculous. How is 5 years "random"? 4 years then. Halvening period. XMR still sucks. >Again, flawed reasoning. Bitcoin was barely worth 3 figures back then! It was worth less (in terms of market cap) than Monero is worth now. Do you not see how your argument falls apart? Also "every alt in low figures can do better ". How many "alts" created before 2015 are still in the top 50? Have fun counting. 3 figures then. Nitpicking. Low cap coins will always rise more percentage wise. They also drop far more in bear markets. >I'm not dismissing anything. In terms of ATH - both XMR and BTC vs any other asset have the same store of value. I know it hurts, but live with it already. Yeah and Bitcoin is still $70,000. It hurts you to admit Monero cannot keep value as well as Bitcoin. Or any altcoin. Since 2017-18 they are all down against vs Bitcoin. No surprise since they all leech off its reputation.

genuin3

>If your Lightning node is private your txs will be. Did you even read the lengthy article on the matter? This is simply false. >Why on Earth would it be strange? Because again - what do you compare Bitcoin to?! Bitcoin itself? To determine if BTC vs XMR is a great SoV, they need to be compared to assets OUTSIDE of the cryptosphere obviously. You apparently utterly fail to see this. >over five years So you are allowed to use a random timeframe of 5 years, but if I use a 6, 7 or 8 year timeframe this is suddenly flawed? Ridiculous. ​ >You can point out 2015 but every alt in low figures can do better than a coin in 4 or 5 figures. For a while at least. Again, flawed reasoning. Bitcoin was barely worth 3 figures back then! It was worth less (in terms of market cap) than Monero is worth now. Do you not see how your argument falls apart? >And you can't dismiss ATHs. I'm not dismissing anything. In terms of ATH - **both XMR and BTC vs any other asset outside of crypto have the same store of value.** I know it hurts, but live with it already.

SakuraNinja12

Nah, or rather I would say that it used to be used for the Darknet in the early days, but Bitcoin is alot less private than projects like XMR (XMR is used on the dark web now way more than Bitcoin). Crypto has seen some normalization in everyday life, but I think adoption still needs a bit of work when it comes to making it easy for people to use crypto in their everyday lives And nah, the $1 transfer in the example wouldn't take 1-3 days. The way Bitcoin works is that there's miners who help to secure the network by mining blocks. Transactions are sent to blocks and once a block has enough confirmations, then it shows up in your wallet. Depending on the mempool of Bitcoin, it can take anywhere from a few min to an hour or two. There's also a layer 2 scaling protocol called Lightning Network which helps Bitcoin to scale faster (most transactions finish way quicker when using LN). Outside of Bitcoin, lots of other coins are very fast for transferring funds w/ most projects in the top 100 capable of transferring funds between wallets in less than 30 seconds (XLM for example takes on average 5-10 seconds, and fees are extremely low)

Savagethrash

There are plenty of gains to be had in LTC but no one wants to be patient. They want 10000% gains yesterday. 50 to 350 is a solid return and I expect to see that repeated. XMR is similar albeit more difficult to use. LTC is a deflationary asset with no founders stash, can be used as an affordable means of exchange and has the security and stability to backup all of the above. The same can't even be said for BTC at this point. Inflation is only accelerating and I see this as a perfectly acceptable hold. Maybe I'm too simple minded or maybe I've seen too much stuff come and go. The ebb and flow of crypto gets tiring after a while and defending solid projects to fresh faces who know more than you gets tiring after a while. This is just a casino now. Goodluck!

EmilyLovs

BTC is a store of value. Simply because it has the network effect. You don't use it as a currency mate (Lighting aside). BCH, LTC, XMR, and a dozen other currencies are better for that But if you want to get technical, BTC isn't fungible (cause some BTC is blacklisted), so it isn't a currency by definition...Privacy assets are. Unfortunately, the masses are still too naive to see what is coming, and hence they don't have the network effect yet. You want to measure the impact of some of those privacy assets? It's just a stupid argument, put forth by agents of the system. The greatest destroyer of the ecology is bankers, thru their sham wars. You want to save the environment then stop using their paper, use crypto instead.

SakuraNinja12

Nice :) I added some XMR earlier today, but i'm also looking at adding some other alts. I've been thinking of maybe adding some Pivx or other privacy project since I hit my goal already in XMR (but I still add it as part of my main privacy coin stash). I've also been looking at some older alts as well to see if they're still actively developed, if the community is still around, if the team if still around etc

ebaley

If your Lightning node is private your txs will be. >It would be strange to use Bitcoin to compare Why on Earth would it be strange? It's the standard in "crypto". Only noobs compare their alts only to how fiat does. Bitcoin is traded with every single altcoin. Bitcoin far outperforms the dollar and gold long term so it is BTC Monero has to be compared with. XMR is up this year vs BTC, but it's down considerably over five years. 78.98% to be exact. Not 90 to be fair but still bad. You can point out 2015 but every alt in low figures can do better than a coin in 4 or 5 figures. For a bit alt least.

IWillKillPutin2022

XMR is better than anything else for privacy, regardless of what anyone says.

genuin3

>Yes, LN transactions are private. [Nope.](https://github.com/lnbook/lnbook/blob/develop/16_security_privacy_ln.asciidoc) >Mixing was good enough for silk road. "Was", I agree. >Not true You've mentioned XMR being a poor store of value. It would be strange to use Bitcoin to define the effectiveness of it being a SoV - as what would the SoV for Bitcoin itself be? It can't be Bitcoin obviously, as you'd be talking 1 BTC = 1 BTC; which is obviously ridiculous. Comparing both assets to USD/EUR/GBP or Gold or even stocks - both BTC and XMR are holding around the same value in relation to their ATHs. Furthermore, in your reasoning using the XMR/BTC pair - you are using an ATH set in 2018 (which would still not be a 90% drop, it is barely 75%). However, why not look at lows? Because if you bought XMR around the lows in 2015 versus buying Bitcoin around the same lows - you'd have made 800%. And I am talking sats here! In other words, 1 BTC invested in XMR in 2015 would be 8 BTC today. Thus, your reasoning is unfortunately quite flawed.

CointestAdmin

#Monero Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Monero Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Monero Pro Argument (Part 1/2) > > - Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/h7d1e6i/). > > - *Disclosure: I currently hold a position in XMR, ~2% of my current portfolio value* > > - **TLDR**: Privacy is a human right and Monero is the leading project aimed at protecting that right. Optional privacy is not sufficient for anonymity. If exchanges delist privacy coins, Monero will still be able to meet market demand through p2p channels and atomic swaps. > > ##Monero: Built different > > **Monero (XMR) is a cryptocurrency focused on private and censorship-resistant transactions** > > - Privacy is a [human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights). Even if you have '[nothing to hide](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)' you should still care about privacy, as [I argued for the Cointest Privacy - Pro argument](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/). > > - Monero has many of the attributes that people find valuable about Bitcoin. However, it also improves on some key aspects to align more with [the original vision of Bitcoin](https://np.reddit.com/r/Monero/comments/morrpp/satoshi_talking_about_privacy_features_that_got/) and the original [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) vision of cryptocurrency in general: > > - Monero was created by an anonymous dev: like Satoshi, the pseudonymous creator of Bitcoin, Monero was created by an unknown entity, [Bitcointalk user thankful_for_today](https://bitcointalk.org/index.php?action=profile;u=233561;sa=showPosts). > > - Monero is a fork of Bytecoin, outlined in [Nicolas van Saberhagen's 2013 white paper ](https://bytecoin.org/old/whitepaper.pdf) which argued that "Privacy and anonymity are the most important aspects of electronic cash" and proposed areas to improve upon Bitcoin's design. > > - Like Bitcoin, Monero is an 'OG' PoW coin (2014 mainnet) with no premine or ICO > > - Monero does not have a hard capped supply like Bitcoin. > > - Monero *does* have a decreasing block reward schedule like BTC - but it doesn't trend towards zero over time. Instead, [the block subsidy will trend toward a fixed amount to incentivize participants to keep mining blocks](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). The current [annual inflation is 1.45% and decreasing until "tail" emission kicks in around 2022](https://moneroj.net/inflation/). > > - [Proponents regard this as an improvement over Bitcoin](https://np.reddit.com/r/Monero/comments/3z527f/does_monero_have_a_maximum_cap_like_bitcoin_21/). It's unknown if, in the future, transaction fees will supplant the mining incentive that secures BTC's blockchain once the block reward becomes extremely small > > - Unlike Bitcoin, Monero [does not have a fixed cap for block size](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). Instead, it has a dynamic block size, meaning that blocks can expand or shrink to accommodate demand. > > - *[Mining](https://moneroj.net/hashrate/)* > > - Unlike Bitcoin, Monero is designed to be ASIC-resistant with an intent to reduce the dominance of mining pools running specialized, high-performance mining hardware > > - Monero can be mined somewhat efficiently on consumer grade hardware such as x86, x86-64, ARM and GPUs > > - Moreover, Monero's updated PoW algorithm (from CryptoNight to RandomX) favors CPU mining and weakens GPU effectiveness > > - *[Fungibility](https://academy.binance.com/en/glossary/fungibility)* > > - Fungibility is a key property of currencies - at a high level it means that one dollar bill is equivalent to and interchangeable with another dollar bill. > > - Well 1 BTC = 1 BTC right? Yes, at the protocol level there isn't any distinction made between each BTC unit. > > - Fungibility is more ambiguous at the social and political levels. [Some bitcoins have a 'tainted' history due to being used for illegal purposes, confiscated, etc.](https://sethsimmons.me/posts/fungibility-graveyard/) Exchanges and other institutions can then blacklist coins using chain analysis. > > - If 'clean', freshly mined coins are seen as more valuable than older 'dirty' ones, then that undermines Bitcoin's fungibility. > > - Privacy > > - Monero's **private by default** protocol preserves the fungibility of the asset by obscuring transaction sources, amounts, and destinations. > > - Most blockchain networks today reveal information about your holdings and transactions: > > - "[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - In contrast, Ring signatures, stealth addresses and RingCT (Ring Confidential Transactions) make Monero unlinkable and untraceable. > > - If you [search for an address in the Monero block explorer](https://localmonero.co/blocks/search/41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew), you'll see that you can't tie any holdings or transactions to it. > > - I would argue that privacy by default makes Monero more valuable vs. [optional privacy implementations](https://www.wired.com/story/harry-pottery-cryptocurrency-privacy-zcash-monero/) like [Litecoin's MimbleWimble upgrade](https://twitter.com/DavidBurkett38/status/1356469626511712258), Dash's PrivateSend or more direct competitors like Zcash (ZEC) > > - ZEC uses zk-SNARK proofs, which are not fully trustless: "[zk-SNARK proofs are dependent on an initial trusted setup between a prover and verifier, meaning that a set of public parameters is required to construct zero-knowledge proofs and, thus, private transactions.](https://academy.binance.com/en/articles/zk-snarks-and-zk-starks-explained)" > > - If users do not shield their ZEC transactions - and most do not - a third-party can uncover shielded transactions through process of elimination. > > - If you give people optional privacy they don't really use it - thus [Monero's month-over-month increase in transactions surpassed all shielded Zcash transactions *ever*](https://twitter.com/JEhrenhofer/status/1380566462344101899). > > - In September 2020, the US IRS criminal investigation division (IRS-CI), posted a [$625,000 bounty for contractors who could develop tools to help trace Monero](https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero). However no team has provided convincing evidence of their success. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4ybr/coin_inquiries_round_monero_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find arguments on this topic in other rounds.

CointestAdmin

Monero {{pros}} & {{cons}} and related info are in the collapsed comments below. Pros and cons will change for every new post. Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the Coin Inquiries category are: **1st - 300, 2nd - 150, 3rd - 75, and Best Analysis - 500.**** --- To submit an XMR pro-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sifdv9/coin_inquiries_monero_proarguments_february_2022/). | To submit an XMR con-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sifdy7/coin_inquiries_monero_conarguments_february_2022/).

1162

The same stuff as always. BTC, ETH, and your favorite project (Ex: XMR for me, but everywhere has that one project they researched and believe in. Get that for you.)

Hairy_S_TrueMan

Cash/XMR is still the most private atomic swap

shin_jury

XMR

XnoonefromnowhereX

Me personally, I’m buying XLM, ROSE, JUNO and ATOM. I also like XMR and you can never own enough BTC.

PuffinDaisy

lets gooooo $TORN $XMR

Savagethrash

Only functional currencies underperformed because they simply didn't get support from wall street. Why would wall street pump a coin that actually has a use case? They want to take money from people, not support crypto as a whole. The last coins they would support would be privacy centric and affordable use currencies. If you think either of these coins are going anywhere then you haven't actually used crypto for its intended purpose. LTC is significantly cheaper and as widely accepted as BTC without the egregious fees (thanks to blockstream pricks) and has fungibility that BTC doesn't. XMR takes that to the next level for those who require it. I said these coins are slept on for a reason and you come back with "They didn't make a new ATH they ded!" See what I'm getting at yet?

nakoskon

Have you checked LTC/BTC and XMR/BTC since 2018? Both underperformed the safest asset in the asset class and that was really sn accomplishment for altcoins during the last bull run - I mean, almost everything popped and hit a new ATH against BTC. These two did not. Not very encouraging for the next bull run. I believe both will fade, especially Litecoin. Maybe XMR finds some use case if regulation targeting privacy is introduced, but then again I can’t imagine a lot of capital flowing into a project specifically targeted by regulation - check XRP this last bull run: also underperformed BTC and almost everything else.

lowkey_loki97

Remember, no one owns any XMR 😉

Ditto_B

> arbitrary increases in supply Not true. There are coins that have a fixed or capped inflation rate like DOGE and XMR.

maconstate

How do ZEC and XMR compare?

BlazingHotFireFox

I know for purchasing Monero you can buy XMR for cash on [Local Monero ](https://localmonero.co/). You could swap the XMR to another cryptocurrency using a DEX and there is practically no trace of where you got your cryptocurrency.

Savagethrash

Overlooked right now? Litecoin and Monero 100% Both provide things Bitcoin doesn't and they both have good track records behind them unlike most of what has been released in the last 5 or 6 years. It's simple but they work as functional currencies and for the reasons that Satoshi intended. Monero implemented ring signatures like Satoshi discussed a long while back. Litecoin implemented mimblewimble as a way to provide security and fungibility to LTC. Both work. Personally I view monero as slightly riskier because of its implementation but both are being slept on (only by the big hedge funds that pump the shit out of junk coins, I think most informed heads already see the potential and are accumulating). Who knows though, wall street could pump and dump another shitcoin and everyone would claim it's the next sliced bread. There wouldn't be enough noise from those in the know to drown out the targeted media campaign. People have to learn on their own. Safe longterm hold? BTC LTC XMR. Eth was a premine at the end of the day so I can't really back it long term. Good for a PnD though.

R_Wallenberg

Agreed 👍 I've started accumulating this bear market and am surprised how strong the price has held up, should bode well going into the next bull run. Once crypto becomes more mainstream over time, XMR will lead the privacy coins (I hope) and should be many multiples of what it is today. Of course would be nice to have an increase in merchants taking it for payment and eventually even getting paid in XMR, or at least partly.

IWillKillPutin2022

Umm… how. How do they plan on forcing bitcoin, or XMR to disclose its carbon footprint?

DavidKens

What’s the danger to XMR?

Cris_P_Rice

CBDCs should be implemented in several countries by then. People will realize they have no more privacy. My bet is on Monero (XMR).

-TrustyDwarf-

I lost loads of XMR in a boating accident and love the currency. Monero has a market cap of only \~3B USD with only a small part of that being available on exchanges. You can only transfer peanuts with it without making its price explode.. nothing the EU or anyone would care about.

IWillKillPutin2022

XMR 🚀🚀

IWillKillPutin2022

XMR. Is. The. BEST. For privacy and low fees, that is. Full stop.

CointestAdmin

#Privacy Con-Arguments Below is an argument written by mic_droo which won 2nd place in the Privacy Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: I am reusing (and adapting) my arguments from the last round that I deleted by accident but can be found [here](https://web.archive.org/web/20211118140653/https://reddit.com/r/CryptoCurrency/comments/pfoprn/rcc_cointest_general_concepts_privacy/hl4dpwb/). > > **Privacy Con-Arguments** > > Privacy, of course, to a large degree is a very positive concept. I think, however, that many people in the crypto space fail to see that extreme privacy regarding crypto also has downsides. While I know providing sources is strongly encouraged, I don’t think it’s easy to cite sources for this topic specifically. > > * The main point against (complete) privacy is that it enables illegal activity. Sure, I know, most illegal activities are still paid with cash and stuff, but that’s not really an excuse – firstly because that’s whataboutism, and secondly because privacy coins are much more private than cash. If a kidnapper asks for a ransom in cash, police can try to catch them at the handover, mark the bills, etc. If they ask for Monero? Well, good luck catching them – and why would they even release their victims once they got their XMR and not just ask for more or kill them? > > * Related to that, very high privacy also makes corruption non-detectable, so those corrupt elites everyone here hates can get away with it much easier > > * Okay, I know this will not be popular on a crypto subreddit, but 1) taxes are not a bad thing and 2) profits on crypto should be taxed as, at least currently, crypto currencies are very rarely used as currencies but mostly as an investment. The more privacy there is in crypto, the more people – especially as many people investing in crypto are very anti-taxes and (sorry!) somewhat greedy – will just not pay their taxes because nobody will catch them not doing it. This has two negative effects: firstly, governments receive less taxes, so less money can be used for common goods – and this mostly benefits the rich as it’s them who can afford to put a lot of money in crypto and have the biggest gains. Secondly, as long as government cannot effectively tax crypto gains, they will (somewhat rightfully so) be mostly anti-crypto and will try to crack down on it – not out of greed, but because taxes on profits are needed to finance our systems and because they want to reduce illegal activity. This might lead, for example, to [countries cracking down on exchanges that offer privacy coins](https://www.techtarget.com/searchsecurity/news/252512394/Monero-and-the-complicated-world-of-privacy-coins) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6syvm/general_concepts_round_privacy_conarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/xsqkga/monthly_optimists_discussion_october_2022/).

OfWhomIAmChief

We will see which projects are actually permission less and censorship resistant soon, my $ is on XMR

notaballitsjustblue

By pretending Monero XMR doesn’t exist.

MoneroFox

>Your trying to stake Monero on an exchange for yields. Ask yourself, where are these ridiculously high, non FDIC insured yields coming from?? High yields? XMR annual interest rate: * 1.00% OKX Earn * 1.83% Binance Earn * 3.65% Gate XMR Lending * 5.20% CoinLoan

rjm101

The two are apples and oranges to me. Both do something the other does not. XMR = Default privacy with fungibility ETH = Support for smart contracts, NFTs, tokens etc

JayFab6061

Blows my mind that people value BTC over XMR, but I guess hype train and corporate money helps over actual privacy coins

Julian_0x7F

is XMR mining with a gaming pc CPU profitable?

Wubbywub

i don't think anyone here is thinking that this article is a bearish case for XMR, people are just focusing on the treason.

Inaeipathy

>They were able to do that because they knew the address they sent the XMR to. No, this is not why he was caught and is also simply untrue to what the protocol does. He would have been caught no matter what he did because he was paid \_\_\_\_ XMR and withdrew \_\_\_\_ XMR to a CEX within a week. Truly makes the dumbest criminals list. ​ meanwhile since we're talking about Ztrash [On the linkability of Zcash transactions](https://arxiv.org/abs/1712.01210) ​ Hopefully Zooko pays you your monthly shill cheque tonight.

Anomarix

Wont this make XMR got regulated more? Iirc monero already got delisted on some US based exchange

ll_TheBrave_ll

XMR is a solid choice. I think LTC will become appealing to XMR users when they want to use a crypto that isn’t heavily regulated in most countries, but still want a certain level of privacy in their transactions (and yes, I know there’s the whole debate of whether or not partial privacy is privacy at all).

SakuraNinja12

I've kinda just been using XMR as my currency coin of choice. I think LTC is fairly decent though, and I doubt it's going anywhere since it's been around for so long

BlazingHotFireFox

"The NSA also suggest that Dalke was the only individual at the NSA to have printed all three relevant classified files in June, 2022." They were aware of suspicious activity. This is from the affidavit: "In his email, the OCE (Online convert employee) stated, in sum and substance, that he had been informed that he should reach out to Email Account-1 to discuss items of mutual benefit.". It had nothing to do with XMR he was caught because of his stupidity.

ScoreNo1021

But how could they trace his transaction to kraken? If you send me 1 XMR today, you can't follow that XMR and see what I do with it.

AlexCoventry

They were able to do that because they knew the address they sent the XMR to. But with a ZCash shielded transaction, there would have been nothing connecting the output address to the input.

BlazingHotFireFox

It guess it is possible but given the prices and the amounts it is much more likely to be XMR than BCH imo.

SirArthurPT

Sorry, didn't paid attention to dates. Yet, BCH for the given dates is pretty much the same as XMR, also BCH has privacy features, such as CoinFusion. So assume XMR is a "just because".

SirArthurPT

What? Crypto around 100 USD lately? BCH, ZEC, SOL, MATIC, BSV... Actually to get XMR under 100 USD you need to go back to October 2020.

SirArthurPT

They just assumed XMR, but many other crypto fits that price range.

shin_jury

My favorite month is here! 🎃 Made my monthly DCA purchases again 30% BTC 30% ETH 20% LTC 20% XMR

Soperheru

I might be slightly biased in this, so keep that in mind. I'm heavily interested in Monero to begin with and thus biased in this opinion in favor of XMR. However as some people here believe this might be bad for Monero, I think it actually might be good. This proves that traditional police investigation is still reliable despite having a privacy coin and the measures taken to try hiding a crime. I'm bullish on privacy and think it is important, likewise do I think that we should solve crimes and prevent them. Atleast for me this proves that we can co-exist.

BlazingHotFireFox

What is the most hilarous is that even if he does get out many years down the road and XMR is worth a considerable amount. He won't even have those funds that he got as payment. I would assume Kraken probably seized those funds and returned them to the US government.

BlazingHotFireFox

I know right like it is laughable. Guy sent his XMR to a CEX thinking he is anonymous.

BlazingHotFireFox

No he didn't. If anybody thinks think him getting caught has anything to do with Monero they didn't read the story. He sent to a CEX where he did KYC. Nothing to do with XMR no need to spread a false narrative.

SirArthurPT

Where did you got the XMR from?! Also XMR was around 150USD/unit, not 99.

Extra-Dentist-3878

I have a few thoughts about why is that 1. Price volatility 2. Not enough business adoption (hard to find a place accepting bitcoin) 3. Lack of mainstream wallet with easy payment system integration 4. Lack of trust from the public I'm bullish on bitcoin adoption for payments, even if it's through some XMR,XLM,AMP Protocols with bitcoin used as collateral or smtg This because I see banks and hedge funds leaning towards BTC and accumulating during this bear so it may take 10+yes but we'll get there at some point Now is to see how regulations gonna screw us

Weflux

I remember the XMR spam like it was yesterday… annoying times it were.

Caffdy

I'm willing to act as a escrow and launder his USDT for XMR. Trust me bro!

acecardx321

Me: What’s the third coin I’m going to add to my DCA…XRP?….1 week later…XMR?…1 Week Later…ADA…1 Week Later…ATOM…It keeps going…

SakuraNinja12

I hit my XMR goal a while back, but i'm still routinely adding more. I'm looking to branch out into other privacy projects as well, but there doesn't seem to be many that are standalone L1s that are built from the ground up. Most other privacy coins seem to be based on other project foundations or are some sort of L2

IWillKillPutin2022

XMR :)

fark_derrol

They DO NOT have kyc tracking on MONERO XMR. You are right for the other blockchains.

Elean0rZ

There do seem to be a lot of nautically inept sailors in the XMR community...

IWillKillPutin2022

Super bullish on XMR. Sadly lost all mine in a tragic boating accident

fark_derrol

Other blockchains : public XMR Monero : private

Battered_Grit

If your currency isn't anonymous - it should be. XMR maxi\^

madosch

Like XMR or not, cult bubbles are just cringe.

madosch

>I wouldn't call "digital cash" a niche. This would make XMR one of many. XMR's niche is "digital anonymous cash"

Elean0rZ

XMR's niche isn't really "digital cash", though; it's the subset of digital cash that's concerned with absolute privacy and fungibility above all else. At a time when "cash" use-cases are becoming more and more niche within crypto as a whole, and when regulatory frameworks are moving toward more, not less, transparency in the financial space, that makes XMR's value proposition both all the more important as a counterpoint and, yes, all the more niche. I agree that inclusivity and neutrality are important. I was merely noting that XMR posts in this sub are frequently neither of those things, which is unfortunate since the technology underlying XMR is inherently neutral and egalitarian.

blindao_blindado

XMR for the win, atomic swaps will just increase over the time

gr8ful4

Buy XMR.

Elean0rZ

I like XMR. It fills an important niche in the cryptospace. But the community does itself no favours with the constant spamming of cultish posts, especially those which--like this one--directly acknowledge that the XMR community can be compared to a religion.

CointestAdmin

Monero {{pros}} & {{cons}} and related info are in the collapsed comments below. Pros and cons will change for every new post. Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the Coin Inquiries category are: **1st - 300, 2nd - 150, 3rd - 75, and Best Analysis - 500.**** --- To submit an XMR pro-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sifdv9/coin_inquiries_monero_proarguments_february_2022/). | To submit an XMR con-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sifdy7/coin_inquiries_monero_conarguments_february_2022/).

Keth43

XMR promotes Privacy. Not anonymity. All blockchains are anonymous.

futurenotion

No surprise there. The more government can track, the better in their eyes. All my hopes of my credit union using XMR has been ruined.

deedopete

You mean it won’t be a XMR fork?

deedopete

I'm surprised Kwon hasn't converted everything he has to XMR

queiss_

Because it's one of the few cryptos that are actually useful. I personally have only ever uset LTC and XMR for real world uses.

Mushymushyyyyyy

I see. XMR is one of the best privacy coins. You can't go wrong with that. Thank you for sharing!

Inaeipathy

While I agree that XMR is probably the most resilient in such a scenario, XMR is still not ready for such an event.

Kappatalizable

>what do we do now? Use XMR probably

Sorry_Attitude_

I dont think it is per se obsolete, but at the same time, if you want privacy XMR does it better, if you want a proper chain BTC does it better it is a mediocre chain at best basically the moment you make a chain PriFi you have to put trust in the tech that was supposed to be trustless, you dont know who owns what, how much they own, what they own, a whale can own 50% of XMR waiting to dump on you and you wouldnt even know why it crashed for smart chains also, it doesnt have smart features like Algo or VLX with smart contracts, fast cheap transfers or such, it has no real partnerships, it is basically, again, a mediocre chain at best unsupported by the majority