XMR

jekpopulous2

I think Tornado Cash made a lot of people realize that privacy already exists on EVM chains - so there's no need to use an entirely different network. I know tons of people that were using XMR years ago, but now they're all using zk-SNARK based solutions like Railgun. Why would I use some shady CEX to swap into XMR when I can delink wallets directly on Ethereum, Arbitrum, Polygon, BSC, etc...

BuffaloBrain884

XMR is great for making private transactions. That doesn't make it a great speculative investment.

BagHolder9001

XMR pumping anyone know why?

PirateSKB

Nah, XMR is actually pretty alright. It's the new defacto currency of the dark web

bAZtARd

nah, many still have PoW. LTC, XMR, DOGE, ..

Life-Duty-965

But isn't the point that those coins always belong to OPs uncle. It doesn't matter if someone sells my stolen car ten times. If it gets found it gets returned to me (or my insurer at least!) If it gets broken up into parts and those parts are recovered. It's still my stolen car. With bitcoin those coins are always traceable no matter what wallet they go to. If this person swaps them all for XMR at an exchange, the exchange would surely have to return them to OP assuming the authorities can get involved. I mean, all this is hypothetical of course. One could mix the coins into so many fragments across 50,000 wallets or whatever and the process to recover would be more time/cost than it's worth and is it even realistic that the authorities would get involved anyway. Bit it's an interesting consideration. Stolen property remains the property of the person it is stolen from. There are plenty of cases of people buying stolen property in good faith losing out when the purchase is returned. It must really sting to be caught out like that.

coinfeeds-bot

tldr; Haveno version 1.0.9 has been released with improvements such as automatic Monero node switching and IPv6 support. Haveno-Reto, a decentralized exchange platform for crypto and fiat currencies, has launched with low arbitration fees and zero general fees. The XMR-BTC atomic swap v0.13.3 introduces a cooperative Monero redeem feature. Keystone Hardware Wallet plans to integrate Monero. MMGen Wallet and Stack Wallet have released updates enhancing Monero features. Progress reports on Monero/Seraphis development and full-time Monero development have been shared, highlighting significant advancements and contributions to the Monero project. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

inShambles3749

Altcoin = anything but BTC Shitcoin = anything but BTC, ETH, XMR Meme coin = a shitcoin with some stupid mascot So every meme coin is a shit coin and every shitcoin is an altcoin but not every altcoin is a shitcoin and not every shitcoin is a meme coin. You're welcome. BTC is king btw.

Generic_Globe

most coins are shitcoins. Things like shiba inu have no real purpose but people buy them for speculation. Dogecoin was made as a joke with none of the features of bitcoin. It's the og shitcoin. Shiba inu basically copied that I guess. A lot of the early coins had a whitepaper and stated purpose but nowadays anyone just releases any token to profit of people. Basically read the whitepaper of each project to decide if shitcoin or shitcoin but most things are shitcoins outside of BTC, ETH, XMR, LTC. Very few coins have a real use case. And even then those use cases are really exaggerated and can be considered vaporware.

sgtslaughterTV

I mean that's a broad topic to discuss: Yesterday: I had a job interview with a game company, they told me to install a game. I tried installing it, it turned out to be malware. Years ago: "I kept my private keys for my XMR wallet on an encrypted thumb drive how did I lose all my monero?" "Did you copy and paste them somewhere?" "Yeah, but it was the official wallet app." "Hate to break it to you buddy, but copying your private keys can allow malicious browser extensions or even just a tab for a malicious website can steal them." ____________________________________________ My own two cents: if I lost 4 or 5 figures in crypto, I would probably also like to know where I went wrong.

RainCity253

XMR doesn't get enough love

Scousesmoker

Localmonero migrant(500+ feedback) Buying and selling of XMR(Monero) with escrow in GBP/EURO here... UK Bank transfer, PayPal, Wise etc etc, need to cashout your XMR? Also have listing's on Haveno DM me [https://bitpapa.com/user/scousesmokjer](https://bitpapa.com/user/scousesmokjer)

Scousesmoker

Localmonero migrant(500+ feedback) Buying and selling of XMR(Monero) with escrow in GBP/EURO here... UK Bank transfer, PayPal, Wise etc etc, need to cashout your XMR? Also have listing's on Haveno DM me [https://bitpapa.com/user/scousesmokjer](https://bitpapa.com/user/scousesmokjer)

Scousesmoker

Localmonero migrant(500+ feedback) Buying and selling of XMR(Monero) with escrow in GBP/EURO here... UK Bank transfer, PayPal, Wise etc etc, need to cashout your XMR? Also have listing's on Haveno DM me [https://bitpapa.com/user/scousesmokjer](https://bitpapa.com/user/scousesmokjer)

PsychoticDisorder

You forgot an XMR address for people willing to make anonymous donations.

biba8163

If you had invested $10,000 in one of the top 10 coins in July 19 2017, 7 years ago you would have: - ~$298,000 if invested in BTC - ~$180,000 if invested in ETH - ~$34,000 if invested in XRP - ~$17,000 if invested in LTC - ~$15,000 if invested in ETC - ~$1,500 if invested in NEM - ~$1,700 if invested in DASH - ~$6,500 if invested in IOTA - ~$47,000 if invested in XMR - ~$128 if invested in STRAT https://coinmarketcap.com/historical/20170717/

LargeSnorlax

What's the catalyst for a Bitcoin fork to increase in price? What's the hype behind Litecoin? What new interesting things are being done with it that people are going to be excited about? For something to increase in price, there must be buyers driving a price trend. Why would they choose litecoin? Purely transactional currencies (Litecoin, XMR, BCH, Nano, etc) need some sort of hype cycle to drive growth - Look back at these, for Litecoin it was the 2017 run, XMR just rose with Bitcoin, BCH had the big block narrative and split in 2017, and Nano had the "next bitcoin" thing going for a while. But none of these have done well over time. There just isn't enough to drive the price up, at least in comparison to basically everything else in the market.

DangerHighVoltage111

Never say never😎. You forget that BCH lost the ticker and had to fight off two bad actors. But since then it has done fantastic. I know most people here are excited about NgU, but the freedom to transact is something really exciting and BCH is doing it best imo. XMR and LTC trying too. BTC and ETH, which most people are excited about, do not interest me in the slightest, because they suck in this regard. They are what one would call: the establishment.

Ghant_

Hey there! I made an account in Glue Hub and took a little tour around the market watcher and watch listed a few coins. I notice that under the XMR asset there is an option to buy/sell within the hub from your connected wallet. Do you and your team plan to have a trading platform for Monero, and if so, will you be having your own liquidity pools or will be coming from other sources?

Bet_the_haus

XMR

vicanonymous

Argentina even have their own sports tournament with prizemoney in crypto (XMR) - Copa Monero.

borg_6s

Buy BTC with fiat and then swap it for XMR on another platform.

ScoobaMonsta

Saying kraken has delisted XMR is false. Certain region's people can't buy it. To say kraken has delisted XMR is fundamentally incorrect. I explained why above.

conceiv3d-in-lib3rty

I literally just bought XMR on Kraken today. Eastern US.

Ur_mothers_keeper

The margins were there on localmonero also. Look at it in a different way: KYC XMR comes at a discount. XMR is worth more to the people actually using it, so that is the true market rate.

EndSmugnorance

+1 XMR

Bagmasterflash

Privacy by default severely limits XMR The ability to fuse coins on BCH makes privacy fairly achievable.

Kallen501

>Nobody actually uses **crypto**, bitcoin maxing out at 7 TPS Wut? XMR and BCH are used all the time for payments. And ETH is used constantly for smart contract stuffs. Everybody knows that BTC is a hedge fund plaything now. Only Saylor can afford those $100 BTC fees.

DanTycoon

This, just buy LTC (or literally any other coin) and swap to XMR. Route it through another wallet if you're worried about your exchange seeing this. I'd also recommend https://trocador.app/ to find a way to convert between XMR and not-XMR coins.

-Monero

MEXC has good liquidity for XMR.

BuffaloBrain884

What's the point of buying XMR through a centralized exchange with KYC?

Every_Hunt_160

Out of all the replies I think this is the only legit place to buy XMR I’ve seen Seems like bots out in full force in this post, beware of going to the shady websites shilled in this post

Life-Duty-965

I just swap it, there are loads of places to do it. But I guess everyone takes a cut. But that's par for the course in crypto. I only use XMR when I have a need so it's not a big overhead.

ScoobaMonsta

Kraken has not delisted XMR. Certain region's around the world have been blocked from purchasing it on kraken, but it has not been delisted. You still have access to buy other crypto right? Just buy litecoin and send LTC to Tradeogre and get your XMR there. Tradeogre has 0.2% flat fee on all trades.

CointestMod

#Monero Pro-Arguments Below is a Monero pro-argument written by roberthonker. > **Taken from /u\/awhodothey's submission from last round** > > Assume no consumers ever care about privacy. Assume everyone is totally fine with all of their finances and purchase records being 100% visible on the blockchain to anyone who EVER pays or receives crypto from them once. Or assume crypto never catches on enough for casual consumers to realize they don't want every company to know every detail of their life... Monero will still succeed. Monero's real world market adoption will still continue to grow. > > Assume Monero was banned by every country in the world. Monero is the only coin who's market cap would be projected to increase even if it was completely banned, because Monero is the preferred coin of the black market, and black market activities are, by definition, already banned by law. > > The market cap of the black market is the market cap of every commercial activity that governments physically cannot stop. Monero's usage, market cap and price are increasing as the black market very slowly adopts Monero- despite the fact that most exchanges have already delisted XMR. Monero is the only multi-billion dollar coin that is known to have no chance at being listed on some of the biggest exchanges. So why is it worth so much still? Because unlike every other crypto, Monero is actually used as an exchange currency in the real world. > > The global black market is currently estimated to be over $10 trillion/year- larger than the economy of every country in Europe. If the global black market were a country it would be the second or third largest economy in the world. > > https://www.forbes.com/sites/benzingainsights/2011/11/07/rise-of-the-shadow-economy-second-largest-economy-in-the-world/?sh=4198b6cf4a0e > > The anonymity of Monero is comparable to the anonymity of cash, but Monero is much cheaper and faster than cash transfers. Further, because Monero does not need to be physically transfered or stored, it is much safer and greatly reduces the risk of violence and theft to black market participants. > > But what if every single centralized exchange removed Monero? It's too late. All the necessary pieces are already on the board. Atomic swaps with bitcoin are live, and wallets are rushing to integrate decentralized, trustless BTC to XMR exchange. Secret Network already has a tokenized version of Monero (sXMR) on the testnet of Secret Swap (a private, decentralized exchange that anyone can use without KYC). Every major crypto will be convertible to Monero. And options like "localMonero" already exist for anyone who wants to convert cash or refillable debit cards directly to Monero. > > Monero is the leading privacy coin, and the only trustless privacy coin with a network effect and proven track record of real world use. It is privacy by default, and users have no risk of forgetting to enable privacy. The Monero network is highly decentralized and open source and does not require users to trust its creators. The community is active and passionately unified around the core objectives of creating a real decentralized currency that is private. The IRS's bounty for anyone who can crack Monero is a testament to years of proven success. > > Monero is *the* crypto currency of the black market. Monero has no competition in that market, and it leaves no room for another coin to prove itself. Worst case scenario, Monero is outlawed and rejected by all law abiding citizens of the world. Monero would eventually replace blackmarket currencies and make some black market practices, like money laundering and off shore banking, entirely unnecessary. > > There is no need for slow, extremely expensive off shore banking practices that carry privacy risks (like the Panama papers that leaked account holder's names) and security risks (like the government reforms that have lead to account confiscations). Monero is cheaper, faster, easier, safer, and more private. It makes off shore banking completely obsolete. > > The market cap of gold is about $11 trillion. Low end estimate of the offshore banking market cap is $20 trillion. At $222, the current market cap of Monero is about $4 billion. When Monero's market cap reaches 1% of the low estimate of the illegal global offshore banking market, that will make each Monero worth more than $11,000. > > https://www.forbes.com/sites/frederickallen/2012/07/23/super-rich-hide-21-trillion-offshore-study-says/?sh=191f47fa6ba6 > > Monero will inevitably become a major currency of the future. Probably nothing can stop that, so you may as well think about your privacy and choose to use it to protect your perfectly legal transactions too. Fortunately, Monero is designed to be a currency, not a store of value with a fixed supply that discourages spending. > > Black market adoption will put buy pressure on XMR, and that demand will slowly drive the price up. Monero may not be the fastest growing investment opportunity, but that's what makes it a better currency. I can't name an investment that would be lower risk, or name a better crypto currency. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find submissions for other topics.

Killer_Stickman_89

I warned these people about XMR lol...

Etrensce

Yeh and then it pivoted mainstream to get to its value today. How do you propose XMR move into the mainstream when it won't survive any regulatory oversight.

EndSmugnorance

Monero’s inflation rate is almost equal to Bitcoin. There will be fewer XMR in existence until 2040. Having tail emission of <1% ensures miners will be incentivized forever and helps keeps transaction fees low.

PirateSKB

XMR is up 0.7% in the last 24 hours

jawni

Just seems kind of insignificant without knowing the volume and when the most popular coin changes so often. BTC was the highest in MAR + APR, then USDC was the highest in MAY, then XMR in JUN. Lacks too much context to really take anything away that we don't already know, which is that BTC is really popular in general and XMR/USDC is popular with payments.

Extreme_Nectarine_29

Makes sense. But shouldn't the price of XMR being higher then? Moreno price performance was not that good in the recent years.

jwinterm

It's Monero. Just go check out the largest marketplaces, they're pretty much all XMR only now. Archetyp even has XMR lottery going.

OldRedditt

Is there a way to track which coin is most used on the Darknet? My guess would have to be XMR

POLISHED_OMEGALUL

They will have my respect when they list XMR

Aggravating_Fold1154

Sure, but it's still hypocritical on Reddit user's end when they buy shit like XRP, ADA, XMR etc... and chant "diamond hands" during the last cycle peak. Both can have good and bad opinions.

Zombie4141

I’ve been holding XMR since 2017. I’m extremely disappointed.

XMRoot

Timing is everything in investing. I swapped my BTC at $71K. FYI, I anticipate BTC will reach over $100K this bull cycle. I will always hold some XMR out of principle and privacy.

slutfarming

[Now look at the XMR to BTC chart.](https://i.imgur.com/JRUdLKl.png) Absolutely brutal.

XMRoot

Solid projects with legit use cases exceeded their 2017 ATHs in 2021. XMR for the win!

LowOwl4312

>There are some people who are very bullish on BCH and call BTC trash but I have no clue why. Because BCH has much lower fees. BTC has become prohibitively expensive to be used as peer-to-peer electronic cash, hence the new narrative of it being a store of value instead (which never convinced me personally) or that everyone would start using Lightning and Layer 1 is just for large settlement like between "banks". So in terms of utility as a currency, without a doubt BCH > BTC. However, BCH has the problem that it's not alone. Litecoin (LTC) is very similar to BCH overall, and less known coins like Kaspa (KAS) or Nano (XNO) are even cheaper and faster. So in terms of usage as a payment method, BTC might be the worst, but BCH is also not the best. Finally, I think to be peer-to-peer electronic CASH, you also need to have privacy. Hence Monero (XMR) is indispensable in the crypto "ecosystem". I think if you could combine the tech of Kaspa and Monero somehow, that would be the ultimate electronic cash. Until then, people will just advertise their favourite alts (each with their pros and cons) or "invest" in BTC because it's the most well-known name and most people just care about crypto to make more (fiat) money and not about getting rid of the legacy, government-controlled banking system for payments.

PirateSKB

XMR is actually doing alright too. It's held up better than my Arb by a long shot over the last few months

PirateSKB

Ah that would explain it lol I still have like 9 or so XMR that I haven't touched in a while

ricosuave_3355

There was a post yesterday about privacy coins, which was filled with comments with people basically saying Monero is the only one that matters. I’m assuming that post is behind most if not all the XMR mentions.

PirateSKB

Lots of XMR mentions, interesting

borg_6s

It would be more newsworthy if Monero surprised Bitcoin volumes on an exchange (if there's even any left supporting XMR).

PirateSKB

Oh ye XMR, I still have a bunch of those. Man i'm out of the loop with crypto haha

Tasigur1

Look at the XMR/BTC chart. Since 2018 (!) you lose constantly purchasing power by holding Monero instead of BTC.

EndSmugnorance

I love XMR

CointestMod

#Monero Con-Arguments Below is a Monero con-argument written by mic_droo. > Monero is a privacy coin – the biggest and most well-known privacy coin, at that. Its main appeal is that, other than most other crypto currencies, it really is private and anonymous and it has a huge community that loves that about it. > > There are, in my opinion, two clusters of arguments that can be made against Monero: those that generally disagree with Monero in general and think it’s dangerous, and those that generally think what Monero is doing is good, but that it doesn’t do a great job at it. > > Let’s start with the first one: the argument could be made that Monero is dangerous. As I’ve laid out in my [Privacy Con-post](https://np.reddit.com/r/CointestOfficial/comments/r6syvm/general_concepts_round_privacy_conarguments/hxqgi5x/) in the last round, complete privacy enables illegal activities – one the one hand if you, for example, kidnap someone, asking for Monero is a great choice. But elites can also engage in corruption more easily using a coin like that. It can also be used (and let’s be honest, that is happening) to avoid paying taxes – which in my opinion is a huge problem as 1) this leads to governments receiving less tax money (**yes**, I think taxes are a necessary and good thing) and 2) to them being more anti-crypto. If we want crypto in general to be more accepted, Monero isn’t doing anyone a favour, some [countries are cracking down on exchanges that offer privacy coins](https://www.techtarget.com/searchsecurity/news/252512394/Monero-and-the-complicated-world-of-privacy-coins) specifically, which might also lead to less and less exchanges offering XMR when crypto gets regulated more. > > Okay, so far so good, but even if you think complete privacy is exclusively good, Monero has a few downsides. Firstly, [it might not be as untraceable as it seems](https://www.wired.com/story/monero-privacy/) – in the past there have been a few problems that might have made you identifiable, especially if you weren’t cautious enough. Even though developers have fixed past loopholes, that doesn’t mean Monero will stay untraceable forever. The IRS [famously isn’t a fan and has a bounty on cracking Monero](https://www.forbes.com/sites/kellyphillipserb/2020/09/14/irs-will-pay-up-to-625000-if-you-can-crack-monero-other-privacy-coins/?sh=3749d97585cc), and it’s naïve to assume it is *impossible* to do so. If people feel to secure now, they might be in trouble once the code is cracked. Secondly, it’s slow – with one transaction [taking about half an hour to be completed](https://www.monero.how/how-long-do-monero-transactions-take), which makes it unusable or at least very annoying for many applications. Thirdly, it’s a proof of work coin which, without going into too much detail (but see my [PoW con post](https://np.reddit.com/r/CointestOfficial/comments/r6vtbn/general_concepts_round_pow_conarguments_december/hyr768o/) is an inefficient system that is awful for the environment. Finally, Monero mining [is pretty centralized](https://bitcoinist.com/does-monero-have-a-serious-centralized-mining-problem/) making it a potential target of a 51% attack. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find submissions for other topics.

coinfeeds-bot

tldr; In June, Monero (XMR) surpassed Bitcoin (BTC) in payment volume for the first time on the CoinCards gift card payment platform, achieving a 34.4% share compared to BTC's 25.96%. This shift in user preference towards Monero, known for its privacy features, reflects a broader trend observed in both darknet and Clearnet markets. Despite Bitcoin validating more transactions overall, Monero processes more transactions relative to its market value, indicating a growing popularity for payments. This increase in demand for XMR could potentially impact its price, which has seen a significant recovery since Binance's delisting. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

DazzaVonHabsburg

Full-chain membership proofs are coming next year and ring signatures are history. https://www.getmonero.org/2024/04/27/fcmps.html Once that happens XMR privacy = fully ZKP-based = ZEC loses any advantage it had left.

KeepBitcoinFree_org

Slow, can’t scale, small privacy set. XMR ain’t that good folks.

KeepBitcoinFree_org

And yet XMR privacy still isn’t as good as shielded ZEC.

vicanonymous

***"No transparency.*** ***Privacy is not optional."*** Incorrect. Privacy and transparency are optional. We have view keys for that: [https://www.getmonero.org/resources/moneropedia/viewkey.html](https://www.getmonero.org/resources/moneropedia/viewkey.html) ***"No supply cap."*** A supply cap is a big negative as I pointed out. It means that the mining rewards are going down, which will lower the security of the entire BTC network. The mining profitability is only going down. Not to mention that there is no mechanism to replace lost coins. Furthermore, Monero has a very low supply. In fact, it's lower than Bitcoin's. Besides, only 150,000 XMR are added to the total supply every year. That means that 100 years from now, there will only be around 33 million XMR in existence. ***"No network effect."*** Monero's network effect is not as strong as Bitcoin's. But it has overtaken it on the darknet in terms of usage. It's now also overtaking Bitcoin on the clearnet. ***"No liquidity."*** This point I agree with. However, to say that there is no liquidity is an exaggeration. But I think it's only going to get better as Monero becomes more popular and decentralized exchanges such as Haveno and Serai grow. ***"Lousy SoV."*** It has gone up from $1 to $150 in less than a decade. The price has also been very stable despite all the delistings. ***"If hard forked regularly then it's not decentralized."*** I don't agree. The mining is decentralized and there are thousands of nodes all over the world. The fact that we have developers who, unlike the Bitcoin developers, maintain and improve the cryptocurrency does not mean it's not decentralized.

CointestMod

#Monero Con-Arguments Below is a Monero con-argument written by mic_droo. > Monero is a privacy coin – the biggest and most well-known privacy coin, at that. Its main appeal is that, other than most other crypto currencies, it really is private and anonymous and it has a huge community that loves that about it. > > There are, in my opinion, two clusters of arguments that can be made against Monero: those that generally disagree with Monero in general and think it’s dangerous, and those that generally think what Monero is doing is good, but that it doesn’t do a great job at it. > > Let’s start with the first one: the argument could be made that Monero is dangerous. As I’ve laid out in my [Privacy Con-post](https://np.reddit.com/r/CointestOfficial/comments/r6syvm/general_concepts_round_privacy_conarguments/hxqgi5x/) in the last round, complete privacy enables illegal activities – one the one hand if you, for example, kidnap someone, asking for Monero is a great choice. But elites can also engage in corruption more easily using a coin like that. It can also be used (and let’s be honest, that is happening) to avoid paying taxes – which in my opinion is a huge problem as 1) this leads to governments receiving less tax money (**yes**, I think taxes are a necessary and good thing) and 2) to them being more anti-crypto. If we want crypto in general to be more accepted, Monero isn’t doing anyone a favour, some [countries are cracking down on exchanges that offer privacy coins](https://www.techtarget.com/searchsecurity/news/252512394/Monero-and-the-complicated-world-of-privacy-coins) specifically, which might also lead to less and less exchanges offering XMR when crypto gets regulated more. > > Okay, so far so good, but even if you think complete privacy is exclusively good, Monero has a few downsides. Firstly, [it might not be as untraceable as it seems](https://www.wired.com/story/monero-privacy/) – in the past there have been a few problems that might have made you identifiable, especially if you weren’t cautious enough. Even though developers have fixed past loopholes, that doesn’t mean Monero will stay untraceable forever. The IRS [famously isn’t a fan and has a bounty on cracking Monero](https://www.forbes.com/sites/kellyphillipserb/2020/09/14/irs-will-pay-up-to-625000-if-you-can-crack-monero-other-privacy-coins/?sh=3749d97585cc), and it’s naïve to assume it is *impossible* to do so. If people feel to secure now, they might be in trouble once the code is cracked. Secondly, it’s slow – with one transaction [taking about half an hour to be completed](https://www.monero.how/how-long-do-monero-transactions-take), which makes it unusable or at least very annoying for many applications. Thirdly, it’s a proof of work coin which, without going into too much detail (but see my [PoW con post](https://np.reddit.com/r/CointestOfficial/comments/r6vtbn/general_concepts_round_pow_conarguments_december/hyr768o/) is an inefficient system that is awful for the environment. Finally, Monero mining [is pretty centralized](https://bitcoinist.com/does-monero-have-a-serious-centralized-mining-problem/) making it a potential target of a 51% attack. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find submissions for other topics.

Tasigur1

tl;dr (1) XMR (2) XMR (3) XMR (4) XMR (5) XMR

vicanonymous

I like Monero (XMR). It has the following advantages over Bitcoin: - It's fungible - Privacy by default - It can handle more transactions due to its adaptive block size - Lower fees - A tail emission that ensures that miners will always be rewarded and that lost coins are replaced - The RandomX mining algorithm which makes it impossible to mine XMR with ASICs, thus keeping the mining decentralized. Feel free to come over to the Monero subreddit. It's a friendly community.

3meterflatty

I’m bias but I think Monero XMR is all we need

MinuteStreet172

Regarding functionality: BCH > BTC ADA > ETH & SOL XMR > XNO

emailemile

If you only count the 3 character ones (such as BTC, ETH, XMR, XRP and so on) and only use the characters in the English alphabet that's 26^3, or 17, 576 combinations. I don't think that's going to be exhausted very soonest, especially since we also have tickers with 4+ characters (such as SHIB, MATIC, AVAX and so on)

bynarie

I dont usually use it to buy anything. I just hold it. If I am buying something I like to use either LTC or XMR when possible. But I usually avoid ETH at all cost

xAsasel

Monero. Just look at it, it's being delisted from major exchanges but price is going up instead of tanking. XMR has a real world use case and is being used daily by lots of people already. Privacy is slept on, it's time will come, so I'd suggest to buy some and just forget about it for a year or two. The fact that major exchanges like Binance (that works closely with govt) delists XMR just proves that Monero is successful and have accomplished what it was designed to do. ERGO is a great project as well, do some research on both of them I'd say.

Agreeable_Tension_22

Im looking to attain Monero I can hold in my wallet so I can send it as form of payment for “services and goods” Edge Wallet application and Kraken have both been asking for my ID verification (pictures of my license) to verify my account before allowing me to add my bank account information to buy anything. Im looking for something straightforward to use… with low purchase and transfer fees. I was about to go ahead and buy some on Cake Wallet until I saw they were claiming XMR was $20 more expensive than everywhere else has posted… making it less valuable when I sent to market.

Needsupgrade

List alts that have utility that isn't covered by BTC ETH or XMR

type_error

ZEC once (for a week) was 4x Bitcoin because people like me thought it was the next best thing.  Radiolab did an episode on XMR and interviewed the founder. Great episode. 

type_error

Big Exchanges have dropped XMR to comply with regulations also

Few_Walrus_6924

If she was smart enough to pull it off then she was smart enough to know that she wouldn't be alive regardless if she gave it back or not . Those type torture to get those back, the death is the reward for giving it up . Torture can only last so long where as billions in XMR can provide generational wealth if done right

Scousesmoker

Localmonero migrant(500+ feedback) Buying and selling of XMR(Monero) with escrow in GBP/EURO here... Bank transfer, PayPal, Wise etc etc, need to cashout your XMR? Also have listing's on Haveno DM me https://bitpapa.com/user/scousesmokjer

Scousesmoker

Localmonero migrant(500+ feedback) Buying and selling of XMR(Monero) with escrow in GBP/EURO here... Bank transfer, PayPal, Wise etc etc, need to cashout your XMR? Also have listing's on Haveno DM me https://bitpapa.com/user/scousesmokjer

lastemperor86

XMR (Monero) is the way

XMRoot

Not specifically, but I don't use Exodus for XMR. double\_spend being set to true would make me think you're trying to send coins that were already sent/spent. If you are trying to move your remaining XMR out of Exodus try subtracting the missing transaction from the total you are trying to send as well as enough to cover tx fees and see if you still get the error then.

Aconyminomicon

OK smart guy how come when I send XMR I get this error message? {"name":"UnknownError","message":" {\"double_spend\":true,\"invalid_input\":true}","stack":"ApiError: {\"double_spend\":true,\"invalid_input\":true}\n at A.sendRawTransaction (C:\\AppData\\Local\\exodus\\app-24.25.5\\resources\\app.asar\\src\\app\\monero\\index.js:3:142383)\n at async C:\\AppData\\Local\\exodus\\app-24.25.5\\resources\\app.asar\\src\\app\\monero\\index.js:3:217445\n at async d (C:\\AppData\\Local\\exodus\\app-24.25.5\\resources\\app.asar\\src\\app\\monero\\index.js:3:217368)"}

XMRoot

I meant the name Exodus checks out. It was a joke. I assume the name implies leaving the traditional financial system behind but it could be a cruel joke in the end. Sure send me what you have, I'd like to take a look, although with XMR's privacy, I'm not sure how much I'll be able to see.

AnthonyBTC

Yes, I use XMR on a weekly basis, which is why I continue to use Exodus since it supports XMR. I have no issues with it and never have.

Aconyminomicon

If your name checks out, do you have any ideas or things havent tried. The transaction is on the blockchain, I can give any one that wants it the ID. The Tx was in my wallet for over half a year. Then a forced update for XMR was done and I use the multiple address function and thats when one single transaction went missing. I didnt send it to the wrong address because I had the funds for a long time. I simply lost one transaction from their UI.

Aconyminomicon

Do you use XMR? Everything else works fine for me too, except xmr.

na_mostu_cuprija

I don't have enough karma to post, so let's try here: Say I want to invest into crypto in a somewhat principled manner, as I do into the stock market. For stocks, I can buy S&P500 = collection of top stocks weighted by market cap. I could do that with crypto, check top 20 coins and invest by market cap. However, there are a few problems: Not all coins are meant for investment, for example USDT and USDC are meant to be stablecoins so it'd be an equivalent of adding dollar, euro, yen.. into S&P500 which makes no sense. How to deal with memecoins? On the one hand it seems I should exclude them as they are just memes and useless crap.. on the other hand maybe I should just make the market decide if it's crap or not? Where's the border between serious and memecoin? Maybe there are other things to consider? Gold is not in S&P500 as it's a commodity, so should I somehow further classify coins (apart from stable / non-stable)? Some seem to be just "tools" not meant for investment, like maybe BNB, XMR, .. - but I'm not well informed so could be wrong, or it's a blurry line. Some are just scams, though I don't know if there are many scams in top 20? Well presumably Tether is one. So is there any other objective criterion to exclude coins? Any thoughts?

LargeSnorlax

The more people that mention LTC the weaker it gets. I've been told by friends and acquaintances that LTC is ready to go. They told me in April that it was "bound for a breakout", last July litecoin was ready for an ETF. Even in the froth of 2021, LTC *barely* hit its previous all time high. LTC is like XMR. Sure, it's great to use, and accepted by lots of people, but it's absolutely terrible for investing in compared to a ton of other coins in the space. Even if you invested in the absolute low of the last 5 years, dead bottom of Covid, $38, you didn't even double your money, and you wasted 4 years of the actual frothiest market to do it. Look at [the charts when Litecoin was $38](https://coinmarketcap.com/historical/20200322/) - Imagine you put any amount of money into anything else. - $120 Eth - $5k bitcoin - $11 bnb - $0.02 ADA - $2 link No one wants a LTC ETF. No one wants LTC.

Few_Walrus_6924

I've got a good bit but truthfully I see eth alts pumping more percentage wise over the next run. BTC is the one original that will always be around and for the most part eth will also but unless eth becomes faster and cheaper eventually someone will claim its throne. These eth I view as just ways for the gov to infise themselves deaper into the crypto world by letting big pockets grab as much as they can . Maybe I'm wrong but I long for a world where there is a fast cheap functioning XMR that is accepted everywhere off centralization and BTC and eth are essentially what they are right now, investments . I'm not a Solana guy so I don't have much of an opinion on that and I think xrp has gotten in bed with there enemy it just hasn't completely reared its head . I like the thought of kaspa and if krc20 gets out it will probably get in the top 10. It's already made a jump since the announcement of marathon mining it

lovelybittabusiness

Do you realise how many users a mainstream wallet like Exodus has.. If there were a vulnerability, it would be incredibly widespread. Now for XMR, it is a bit iffy because you have to download the blockchain data for all your funds and transactions to show up correctly. That can take time. OR The reality is that you have compromised your wallet and are responsible yourself

XMRoot

Have you tried restoring your Exodus XMR seed or private key to another wallet?

XMRoot

I've used it for a few years now without any issues personally, but I don't keep my XMR in there. The name always rubbed me the wrong way. Their wallet isn't open source.

Aconyminomicon

No because the transfer was confirmed and in my wallet for months until their "forced update" and then I sync XMR and its gone. And that is my fault? The funds have been in there with a ton of other crypto, tell me, how does the most encrypted crypto (xmr) disappear like that but none of any of the other coins?

Reeferologist-

Damn, I’ve been loyal to XRP since 2016 just sitting here holding this shit. Kinda feeling like halving it and just adding to my LINK and XMR, but dammit I’ve held it this long..

Thatsplumb

XMR being closer to satoshis vision,

CointestMod

#Monero Con-Arguments Below is a Monero con-argument written by mic_droo. > Monero is a privacy coin – the biggest and most well-known privacy coin, at that. Its main appeal is that, other than most other crypto currencies, it really is private and anonymous and it has a huge community that loves that about it. > > There are, in my opinion, two clusters of arguments that can be made against Monero: those that generally disagree with Monero in general and think it’s dangerous, and those that generally think what Monero is doing is good, but that it doesn’t do a great job at it. > > Let’s start with the first one: the argument could be made that Monero is dangerous. As I’ve laid out in my [Privacy Con-post](https://np.reddit.com/r/CointestOfficial/comments/r6syvm/general_concepts_round_privacy_conarguments/hxqgi5x/) in the last round, complete privacy enables illegal activities – one the one hand if you, for example, kidnap someone, asking for Monero is a great choice. But elites can also engage in corruption more easily using a coin like that. It can also be used (and let’s be honest, that is happening) to avoid paying taxes – which in my opinion is a huge problem as 1) this leads to governments receiving less tax money (**yes**, I think taxes are a necessary and good thing) and 2) to them being more anti-crypto. If we want crypto in general to be more accepted, Monero isn’t doing anyone a favour, some [countries are cracking down on exchanges that offer privacy coins](https://www.techtarget.com/searchsecurity/news/252512394/Monero-and-the-complicated-world-of-privacy-coins) specifically, which might also lead to less and less exchanges offering XMR when crypto gets regulated more. > > Okay, so far so good, but even if you think complete privacy is exclusively good, Monero has a few downsides. Firstly, [it might not be as untraceable as it seems](https://www.wired.com/story/monero-privacy/) – in the past there have been a few problems that might have made you identifiable, especially if you weren’t cautious enough. Even though developers have fixed past loopholes, that doesn’t mean Monero will stay untraceable forever. The IRS [famously isn’t a fan and has a bounty on cracking Monero](https://www.forbes.com/sites/kellyphillipserb/2020/09/14/irs-will-pay-up-to-625000-if-you-can-crack-monero-other-privacy-coins/?sh=3749d97585cc), and it’s naïve to assume it is *impossible* to do so. If people feel to secure now, they might be in trouble once the code is cracked. Secondly, it’s slow – with one transaction [taking about half an hour to be completed](https://www.monero.how/how-long-do-monero-transactions-take), which makes it unusable or at least very annoying for many applications. Thirdly, it’s a proof of work coin which, without going into too much detail (but see my [PoW con post](https://np.reddit.com/r/CointestOfficial/comments/r6vtbn/general_concepts_round_pow_conarguments_december/hyr768o/) is an inefficient system that is awful for the environment. Finally, Monero mining [is pretty centralized](https://bitcoinist.com/does-monero-have-a-serious-centralized-mining-problem/) making it a potential target of a 51% attack. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find submissions for other topics.

CointestMod

#Monero Pro-Arguments Below is a Monero pro-argument written by roberthonker. > **Taken from /u\/awhodothey's submission from last round** > > Assume no consumers ever care about privacy. Assume everyone is totally fine with all of their finances and purchase records being 100% visible on the blockchain to anyone who EVER pays or receives crypto from them once. Or assume crypto never catches on enough for casual consumers to realize they don't want every company to know every detail of their life... Monero will still succeed. Monero's real world market adoption will still continue to grow. > > Assume Monero was banned by every country in the world. Monero is the only coin who's market cap would be projected to increase even if it was completely banned, because Monero is the preferred coin of the black market, and black market activities are, by definition, already banned by law. > > The market cap of the black market is the market cap of every commercial activity that governments physically cannot stop. Monero's usage, market cap and price are increasing as the black market very slowly adopts Monero- despite the fact that most exchanges have already delisted XMR. Monero is the only multi-billion dollar coin that is known to have no chance at being listed on some of the biggest exchanges. So why is it worth so much still? Because unlike every other crypto, Monero is actually used as an exchange currency in the real world. > > The global black market is currently estimated to be over $10 trillion/year- larger than the economy of every country in Europe. If the global black market were a country it would be the second or third largest economy in the world. > > https://www.forbes.com/sites/benzingainsights/2011/11/07/rise-of-the-shadow-economy-second-largest-economy-in-the-world/?sh=4198b6cf4a0e > > The anonymity of Monero is comparable to the anonymity of cash, but Monero is much cheaper and faster than cash transfers. Further, because Monero does not need to be physically transfered or stored, it is much safer and greatly reduces the risk of violence and theft to black market participants. > > But what if every single centralized exchange removed Monero? It's too late. All the necessary pieces are already on the board. Atomic swaps with bitcoin are live, and wallets are rushing to integrate decentralized, trustless BTC to XMR exchange. Secret Network already has a tokenized version of Monero (sXMR) on the testnet of Secret Swap (a private, decentralized exchange that anyone can use without KYC). Every major crypto will be convertible to Monero. And options like "localMonero" already exist for anyone who wants to convert cash or refillable debit cards directly to Monero. > > Monero is the leading privacy coin, and the only trustless privacy coin with a network effect and proven track record of real world use. It is privacy by default, and users have no risk of forgetting to enable privacy. The Monero network is highly decentralized and open source and does not require users to trust its creators. The community is active and passionately unified around the core objectives of creating a real decentralized currency that is private. The IRS's bounty for anyone who can crack Monero is a testament to years of proven success. > > Monero is *the* crypto currency of the black market. Monero has no competition in that market, and it leaves no room for another coin to prove itself. Worst case scenario, Monero is outlawed and rejected by all law abiding citizens of the world. Monero would eventually replace blackmarket currencies and make some black market practices, like money laundering and off shore banking, entirely unnecessary. > > There is no need for slow, extremely expensive off shore banking practices that carry privacy risks (like the Panama papers that leaked account holder's names) and security risks (like the government reforms that have lead to account confiscations). Monero is cheaper, faster, easier, safer, and more private. It makes off shore banking completely obsolete. > > The market cap of gold is about $11 trillion. Low end estimate of the offshore banking market cap is $20 trillion. At $222, the current market cap of Monero is about $4 billion. When Monero's market cap reaches 1% of the low estimate of the illegal global offshore banking market, that will make each Monero worth more than $11,000. > > https://www.forbes.com/sites/frederickallen/2012/07/23/super-rich-hide-21-trillion-offshore-study-says/?sh=191f47fa6ba6 > > Monero will inevitably become a major currency of the future. Probably nothing can stop that, so you may as well think about your privacy and choose to use it to protect your perfectly legal transactions too. Fortunately, Monero is designed to be a currency, not a store of value with a fixed supply that discourages spending. > > Black market adoption will put buy pressure on XMR, and that demand will slowly drive the price up. Monero may not be the fastest growing investment opportunity, but that's what makes it a better currency. I can't name an investment that would be lower risk, or name a better crypto currency. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find submissions for other topics.

KeepBitcoinFree_org

1. It was created by known IT professionals, some of the smartest in the space. “Zcash was conceived by scientists at MIT, Johns Hopkins, and other respected academic and scientific institutions. “ - https://z.cash/learn/what-is-zcash/ 2. It has a development fund from the block reward to support ongoing development, instead of expecting devs to beg to get funding from greedy investors. - https://z.cash/learn/who-funds-zcash/ 3. It used to have a trusted setup but no longer does. It has also pioneered some of the most innovative privacy technology that will be used in the future. The privacy set for a shielded ZEC transaction is the entire shielded pool that will continue to grow with time. The privacy set for a XMR transaction are only the decoys and users involved at the time. - https://z.cash/learn/what-is-halo-for-zcash/ Most of the XMR maxis think there’s some hidden backdoor. Even though the code is open source, they can’t seem to understand the fact that there isn’t one. XMR presents itself as the cypherpunk currency but has clear issues with scaling, funding, & it’s core methodology for privacy (Ring signatures, mixers and decoys) and a highly toxic community. Zcash has both business and individual applications by providing both transparent & shielded addresses. While optional privacy isn’t the best because most people are lazy, they’ve shifted to a privacy first approach for most wallets - while still offering both options. This allows Zcash to maintain some CEX support and still offer better privacy overall. Mostly, they probably just join the toxic community of attacking things they don’t use, or understand.

ptIElNMJ

> what is the legitimate argument against zcash? If privacy is your goal, XMR is better in literally every way. If privacy isn't your goal, why are you using ZCash?

ptIElNMJ

Please explain how the Zcash shielded pool (an optional pool that you have to explicitly opt into) could ever possibly be larger than the entirety of the Monero blockchain? Are you sure the XMR maxis are the ones making dumb arguments here?